Business
eBay Inc. Reports Korea Businesses as Discontinued Operations and Releases Updated Historical Financials
Company also announces second quarter 2021 earnings release date of August 11, 2021 SAN JOSE, Calif., July 13, 2021 /PRNewswire/ -- During the second quarter
About this update from Ebay Inc.
[{"type":"text","content":"Company also announces second quarter 2021 earnings release date of August 11, 2021\n\n\nSAN JOSE, Calif., July 13, 2021 /PRNewswire/ -- During the second quarter of 2021, eBay Inc. (NASDAQ: EBAY) and Emart announced they reached an agreement for the purchase by Emart of eBay's businesses in Korea and determined that it met the criteria for the classification of held-for-sale accounting and discontinued operations. Accordingly, eBay's businesses in Korea will be reflected in eBay's condensed consolidated financial statements as discontinued operations beginning in the second quarter 2021. Please refer to the 8-K filed today for a restatement of historical financial results.\n\n \n \n \n \n \n \n\n \neBay's second quarter 2021 results will be reported and discussed on its quarterly conference call and webcast on August 11, 2021.\n\n \n About eBay\n \n\n eBay Inc. (Nasdaq: EBAY) is a global commerce leader that connects millions of buyers and sellers in 190 markets around the world. We exist to enable economic opportunity for individuals, entrepreneurs, businesses and organizations of all sizes. Founded in 1995 in San Jose, California, eBay is one of the world's largest and most vibrant marketplaces for discovering great value and unique selection. In 2020, eBay enabled $100 billion of gross merchandise volume. For more information about the company and its global portfolio of online brands, visit www.ebayinc.com.\n\n \n Cautions Regarding Forward Looking Statements\n \n\n Certain statements herein are \"forward-looking statements\" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. Such forward-looking statements are often identified by words such as \"anticipate,\" \"approximate,\" \"believe,\" \"commit,\" \"continue,\" \"could,\" \"estimate,\" \"expect,\" \"hope,\" \"intend,\" \"may,\" \"outlook,\" \"plan,\" \"project,\" \"potential,\" \"should,\" \"would,\" \"will\" and other similar words or expressions. Such forward-looking statements reflect eBay's current expectations or beliefs concerning future events and actual events may differ materially from historical results or current expectations. The reader is cautioned not to place undue reliance on these forward-looking statements, which are not a guarantee of future performance and are subject to a number of uncer...