Cyber Monday gives eBay a big boost

Cyber Monday has been good to eBay.

Shares of the auction site hit a 52-week high Thursday, just days after logging strong gains on one of the most important online shopping days of the year for retailers.

It's not just online shopping that's attracting consumer interest. All in all, it looks like consumers are increasingly getting more comfortable with paying for their purchases on mobile devices.

eBay (EBAY) also got a boost from PayPal, which saw a 190% year-over-year increase in global mobile payment volume on Cyber Monday. PayPal, which is owned by eBay, also said its Cyber Monday payment volume trumped Black Friday by 44%.

Read Full Article from CNNMoney

- Posted: 2012-11-29 16:57:52

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