18 July, 2015

eBay And PayPal Officially Part Ways.

The auction site and the payment service separated into two disparate companies .
Today, PayPal is getting its own stock ticker, starts trading on the New York Stock Exchange come Monday and, according to Business Insider that doesn't look so good for eBay. 
As the site tells it, PayPal's been the reason for "most" of eBay's gains for the past three years, and "nearly all" of it for 2015. 

eBay revenues have already jumped seven percent thanks to higher demand for PayPal, according to Reuters. Maybe theonline auction house can use the $925 million it got from the PayPal sale to figure out a way to become profitable -- crazier things have happened.

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