Slides After Disappointing Forecast for Holiday Sales

(Bloomberg) -- Inc. worried investors with a holiday sales outlook that suggests shoppers are abandoning the online marketplace and resuming pre-pandemic spending habits. Shares fell as much as 7.7% in extended trading.Most Read from BloombergInto the Metaverse: Where Crypto, Gaming and Capitalism CollideAtlanta’s Crowded Election Pits Former Mayor Versus ‘Anyone But’Can a New Mayor Fix Seattle’s Downtown?In Minneapolis Election, the Future of Policing Is at StakeThe Terrifying Rise of Haun

Holiday spending weakest in 5 years, shoppers focus on deals

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Nominal holiday sales up, real sales down