EBay Stock Surges on Strong Q4 Results, Plans $2B Stock Repurchase Program, Bumble to Cut 350 Jobs
EBay's stock is rising after strong Q4 results and guidance, beating revenue and EPS estimates. The company increased its quarterly dividend and authorized a $2 billion stock repurchase program. Bumble, on the other hand, reported Q4 revenue slightly below estimates and plans to lay off 350 employees, signaling a slowdown in spending on dating apps.
Sources
Barron's
eBay Shares Rally as Earnings and Guidance Top Estimates https://t.co/qFuPpyaPcM
Techmeme Bumble reports Q4 revenue up 13% YoY to $273.6M, a $32M net loss, vs. $159.2M YoY, and plans to eliminate 350 roles, about 37% of its workforce (@ashleycapoot / CNBC) https://t.co/AccM9KmGbe 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/CNZ7wV7Gwy
Natalie LungBumble is cutting about one-third of its workforce after a recent executive shakeup as the online dating app company seeks to overhaul its app to revive slowing user growth. https://t.co/WEjDlLR18l via @technology
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