eBay is experiencing a slump in its stock and revenues: the company expects revenues of $17.95bn, less than the $18.3bn predicted last quarter, the Financial Times reports.
The company, invested in electronic commerce and exchange, also experienced a fall in shares of 1.2 percent.
"Rapidly changing competitive environments in commerce and payments underscore the opportunities for eBay and PayPal, and highlight how each business will benefit from the focus and agility of being an independent company," eBay CEO John Donahoe wrote in a press release.
"PayPal had another strong quarter, and its mobile payments leadership and momentum continued with mobile volume up 72 percent to $12 billion."
Another company official, chief financial officer Robert Swan, mentioned the company augmented sales "to dig our way out of the cyber attack and [search engine optimization] changes impacting us in the second quarter," the Financial Times also reports.
There are also reports of rising lack of confidence between eBay and PayPal, as both companies face competition against other payment industry organizations.
The company has also cited recent slowdowns in its site, and has placed responsibility on cyber attacks and hacking fraud.
