Tuesday - Sep 26, 2017

Posts Tagged: ebay

Ebay to cut the cord on PayPal

Ebay to cut the cord on PayPal

Online auction site Ebay has announced their plans to spin off massive online payments processor PayPal. Shareholders in Ebay are generally reported to be less than happy with the decision, which will leave a major shareholder in the balance sheet as PayPal are estimated to currently account for around half of the companies $65 billion