By  on January 22, 2019

EBay has been racing to catch up with Amazon for some time, but now activist investor Elliott Management Corp. is pressuring the company to pick up the pace. 

Elliott, which owns more than 4 percent of the company’s shares and is one of eBay’s largest stakeholders, sent a letter to eBay’s board Tuesday, saying changes are “urgently needed” and suggested a plan to expedite efficiency, free up capital and increase value to investors.  

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