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EBay Stock Dips, Skype Blamed

EBay has reported a net loss of $936.6 million for the third quarter, blaming the dip on its continued stuggle to make Skype more profitable.

The dip comes after news that eBay wrote-down the estimated value of Skype nearly 50 percent earlier this month.

Though Skype's 246 million members earned the web-based phone company $98 million in the third quarter, eight in 10 of its users reside outside the US, according to the Globe and Mail.

eBay is also having trouble getting community members to use the service and has since penned a deal with News Corp.'s MySpace to offer free calls to its membership.

EBay plans to continue integrating its holdings through similar partnerships.

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