Though online auction house eBay reported robust earnings of 33 cents per share for the fourth quarter of 2004, a one-cent disparity between analysts' expectations and the bottom line prompted investors to sell eBay stock, sending shares into a 19% decline. David Steiner, publisher of the AuctionBytes.com newsletter, said: "EBay is in a really precarious position. They have two voices constantly talking at them: their community and their stockholders." The article does not include comment from eBay representatives.
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