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Commented on Wall Street Beat: Hardware taking brunt of recession

Our country is in the midst of recession and more and more people today are now looking for financial aid that they could rely in times of trouble. The popular online auction site eBay may be next in line for payday loans. The website has been an online Mecca for people looking to sell superfluous items, collectible and offbeat, for over a decade, but their revenue has been slipping of late. The auction function of the site hasn't been as lucrative as it once was. The website may be looking for payday loans to boost its diminishing stock price. Extraneous spending has been dropping across the board, and most of eBay's income has been from straight sales rather than auctions. The average person doesn't want to bid on a vintage lava lamp when they are contemplating payday loans just to keep their lights on.

3 years ago