FILE PHOTO: The eBay app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration
(Reuters) -EBay Inc on Wednesday forecast bleak first-quarter results, as the e-commerce platform tackles waning online demand, stiff competition and global supply chain disruptions, sending the company's shares down nearly 9% in extended trading.
E-commerce companies raked in large profits as online shopping boomed last year during the pandemic, but vaccine rollouts could spell trouble as people return to brick-and-mortar shopping.
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