PayPal valued at just under $50bn as it soars past EBay on Nasdaq July 21, 2015 After its first day back as an independent company, PayPal is valued just under $50bn (£34bn). Read more: EBay revenue jumps 7pc as PayPal spinoff draws near The online payments company's share price closed up 5.43 per cent on its first day of trading after splitting from parent eBay, after initially soaring 11 per cent in [...]
Ebay revenue up seven per cent as PayPal spinoff draws near July 16, 2015 The figures Revenues at e-commerce giant Ebay jumped seven per cent to $4.38bn (£2.8bn) in the three months to the end of June , according to a report released today. The company’s net income fell to $83m, or seven cents per share in the second quarter, from $676m in 2014. Ebay has announced an additional $1bn [...]
As Jack Ma goes on a US charm offensive, does Alibaba pose a real threat to Amazon and Ebay? June 10, 2015 Mike van Dulken, head of research at Accendo Markets, says Yes In terms of sheer size, accounting for 80 per cent of all Chinese online shopping, with volume growth easily outstripping rival internet retailers thanks to 1bn items on offer to 350m buyers, and with 30m shipments made per day, fast-growing behemoth Alibaba represents a [...]
EBay share price jumps as profit beat expectations April 22, 2015 The figures EBay will complete its spinoff of PayPal into a separate company in the third quarter of 2015, the company announced in its first earnings results of the year. Revenue, sales and profits at the online marketplace came in above analysts' estimates – triggering a five per cent rise in its share price in [...]
Crack-smoking former mayor of Toronto Rob Ford is selling “memorabilia” on eBay February 26, 2015 The infamous former mayor of Toronto Rob Ford has put the tie he was wearing when he admitted to smoking crack cocaine up for sale on eBay. Ford, who is now a Toronto councillor, has put a number of items up for sale on the bidding site, including a personalised Saskatchewan Roughriders Jersey, which he [...]
The end of eBay as we know it? Job cuts and enterprise spin-off planned as Carl iCahn gets his way January 22, 2015 A shake-up at eBay will see the e-commerce giant slash 2,400 jobs and spin off its enterprise division as it bowed to pressure from activist investor Carl Icahn. The job cuts will be made across its global enterprise, marketplace and PayPal business – a loss of around seven per cent of staff – and is [...]
Copy of Charlie Hebdo sells for £100,000 on eBay January 14, 2015 The print run for Charlie Hebdo’s first issue since the attack on its offices was extended to 5m copies, with huge sums apparently changing hands. There were long queues around kiosks in France as the paper sold out, forcing the paper to extend its print run to 5m copies. In the UK, there was also [...]
EBay takes Icahn’s advice to spin off PayPal as payment service sees revenues rocket 19pc September 30, 2014 ONLINE auction site eBay yesterday announced plans to spin off its PayPal business in the second half of 2015, saying that to fail to do so would be “less advantageous to each business strategically and competitively.” The separation will ensure that the independent companies are able to “capitalise on their respective growth opportunities in the rapidly [...]
Ebay shares jump in pre-market trading as it confirms Paypal spin-off and poaches American Express’ Dan Schulman as its new chief exec September 30, 2014 Ebay shares jumped 11 per cent in pre-market trading as it confirmed plans to spin off its online payment company Paypal into a separately listed company sometime in the second half of next year. The auction site said following a strategic review, its board had decided separating the two companies will position them "to capitalise [...]
Ebay share price jumps as online retailer mulls PayPal spinoff August 21, 2014 Ebay is reportedly considering a spinoff of PayPal, its fast-growing online payments division, as early as next year. Shares of the online retailer jumped 4.6 per cent yesterday to $55.89 in New York. Ebay told its potential candidates for the position of PayPal chief executive, a post that former boss David Marcus left in June, [...]