Tech analyst Andrew Tonner discusses eBay's recent impressive quarter. Profit grew to $700 million, and PayPal also thrived. Andrew thinks a challenging consumer environment may benefit eBay, as consumers turn to online auctions to make their purchases.
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Andrew Tonner has no positions in the stocks mentioned above. Austin Smith owns shares of eBay. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend eBay. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.