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EBay report a huge lift in profits

With the internet fast overtaking the world of consumer sales EBay have reported the best Christmas ever, with profits doubling YOY.

 Net income for the last three months of 2011 came in at $1.98bn (£1.28bn), up from $559m in the same period last year. This just shows the power of the web and why each company with growth aspirations need to push their online presence.
"We had a strong fourth quarter finish to an excellent year," eBay president John Donahoe
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