EBay is splitting off its fastest growing segment, mobile payment service PayPal, the e-commerce company said Tuesday.
Investors applauded the news, sending eBay’s shares up nearly 7 percent in morning trading.
eBay CEO John Donahoe had been adamant that splitting off PayPal was the wrong move for the company. But Tuesday, the company said that making the mobile payment service a separate publicly traded company next year "maximizes strategic focus and flexibility for eBay."
September 30, 2014 at 11:00 AM
1 minute read
EBay is splitting off its fastest growing segment, mobile payment service PayPal, the e-commerce company said Tuesday.
Investors applauded the news, sending eBay’s shares up nearly 7 percent in morning trading.
Presented by BigVoodoo
The premier educational and networking event for employee benefits brokers and agents.
The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania and Delaware.
Consulting Magazine recognizes leaders in technology across three categories Leadership, Client Service and Innovation.
Truly exceptional Bergen County New Jersey Law Firm is growing and seeks strong plaintiff's personal injury Attorney with 5-7 years plaintif...
Shipman is seeking an associate to join our Labor & Employment practice in our Hartford, New Haven, or Stamford office. Candidates shou...
Evergreen Trading is a media investment firm headquartered in NYC. We help brands achieve their goals by leveraging their unwanted assets to...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS