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Ebay misses second quarter forecasts as it plays catch up with competition

Ebay Inc's forecast for current-quarter profit and revenue missed Wall Street estimates as the e-commerce company invests heavily to beat the rising competition from the likes of Amazon.com Inc and Alibaba Group Holding Ltd .

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Ebay Inc's forecast for current-quarter profit and revenue missed Wall Street estimates as the e-commerce company invests heavily to beat the rising competition from the likes of Amazon.com Inc and Alibaba Group Holding Ltd .

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