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Correlation does not imply causation. Ebay's last Q2 spooked a lot of investors due to their decreased income and margins. The Nasdaq as a whole is down today
by Spyro7 15y ago
Correlation does not imply causation.
Ebay's last Q2 spooked a lot of investors due to their decreased income and margins. The Nasdaq as a whole is down today (so far).
I would suspect that Ebay is more negative than the market due to spooked investors taking this general market malaise as an excuse to bailout.
Given that I see nothing about #OpPayPal in the business news journals as of yet, I would be very surprised if the movers and shakers that hold eBay stock are reacting to it.
(This post does not constitute investment advice of any kind, and I do not hold eBay stock.)
- gapanalysis 15y agoAgree. Investors are quicker to jump on any reasons to take profits and run more than they have in better economic times. I don't think 24,000+ tweets or even 10x that number are influencing markets, especially given the nature of the boycott.