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2.94282098819661E-05 -0.00167740796327357 0.000441423148229994 -0.00497336747005679 -0.00944645537211965 -0.00356081339572108 -0.00785733203849198 -0.00991730673023161
Stock impact report

How 30-year-old eBay is making a comeback thanks to AI [CNN]

eBay Inc. (EBAY) 
Last ebay inc. earnings: 4/29 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.ebayinc.com
Company Research Source: CNN
the process of shedding businesses under pressure from activist investors. One of the internet's original shopping sites, it had just lost its position as the second largest ecommerce platform to Walmart amid a decline in relevance. But it soon got a boost from the Covid-19 pandemic. And now, the company wants to build on that momentum by investing in artificial intelligence. This year alone, eBay has introduced five new AI features, including AI-backed shipping estimates and a shopping chatbot, as well as a partnership with ChatGPT-maker OpenAI. Investors appear optimistic about the strategy. eBay's stock has surged 75% since 2020; this year, its shares are up more than those of tech heavyweights Microsoft, Meta and Amazon. Still, reinventing a 30-year-old online marketplace is no small task, especially considering the competition it faces from sites ranging from Amazon and Shein to Etsy and Poshmark. eBay remains among the top US retail e-commerce sites, but its market share h Show less Read more
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