Can eBay Break Higher?
T = Trends for a Stock’s Movement
Ebay provides online platforms, tools, and services to help individuals and merchants with online and mobile commerce in the U.S. and around the world. Its marketplaces segment operates e-commerce platform eBay.com and vertical shopping sites. The company operates through three segments: Marketplaces, Payments, and GSI. Ultimately, through its tools and platforms, eBay assists individuals and merchants around the globe engage in online and mobile commerce.
EBay has recently faced a massive hacking attack, affecting approximately 145 million accounts. It has resulted in affecting approximately 145 million user records thereby creating massive breach of user records. However, the company has confirmed no major threats to the consumers. The company has launched a series of investigations in the same to nail down the hackers and cause of the same. The company has requested its customers to change their passwords with immediate effect for best results. The hackers were able to dodge the business from believing in any potential mishap due to encrypted passwords. The spokesperson of eBay, Amanda Miller, said that there is no evidence of any harm to its consumers. The details accessed by hackers do not contain any financial information of the customers thereby diluting the gravity of the information.