Photo by justynafaliszek on Pixabay The online marketplace sent owners a torrent of cash, yet the stock trailed the pack. Here is the accounting of what that trade-off actually bought. eBay stock trades around $105 a share, having underperformed the S&P 500 over the past year. It rarely dominates the conversation. Yet behind the quiet stock is one of the market's more extraordinary cash-return programs. Over the last five years, eBay has handed $19 billion back to its shareholders, a figure equal to about 40% of its entire current market value. The company showered owners with cash while the stock itself lagged the market. This raises a critical question: was holding worth it, and is it now?
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