eBay Stock Rises After Second Round of Layoffs This Year
Photo: CoinCentral
TLDR eBay (EBAY) stock closed up 1% at $122.90 on Wednesday and is up 41% this year. The company will cut about 1,000 jobs, roughly 9% of its workforce, its second round of cuts in 2026. StoneX rates the stock a Buy with a $136 price target. eBay closed its $1.4 billion Depop deal in late August. Third-quarter earnings arrive Oct. 28, and eBay has beaten estimates five quarters in a row. eBay (EBAY) stock closed up 1% at $122.90 on Wednesday, even after news of another round of layoffs.
Source: CoinCentral
![[Satoshi Index] Top Crypto Traders on 24-Hour Ranking Go From 82% to 87% Short as 7-Day Group Eases From 76% to 72% Long](/img/d1trbc1xlm5v.jpg)
