EBay beats second-quarter sales estimates, raises full-year outlook

Business has been booming for e-commerce firms and companies with strong online presence as the COVID-19 pandemic has led more people to use their mobile phones and computers to shop.EBay has also been had been under pressure from activist investors Elliott Management Corp and Starboard Value, following which the company last week agreed to sell its classified ads business to Norway's Adevintain a deal worth $9.2 billion.