eBay CEO on CNBC: Consumers Appreciate eBay and PayPal Synergies
eBay (NASDAQ: EBAY) CEO John Donahoe spoke with CNBC's Scott Wapner at the Goldman Sachs Technology Conference after the market close on Tuesday. He spoke about trends in mobile driving his business.
He said that the success of the eBay app has helped drive growth at the company's PayPal division.
Donahoe noted that the payment business has not seen a lot of innovation in recent years and that PayPal is at the forefront of innovating the payments market.
The success of PayPal has caused eBay to become a Wall Street darling yet again in recent years. Prior to the emergence of PayPal, the company's share price had languished as growth slowed on the eBay platform.
The stock has risen over 100 percent in the last five years, including a 72 percent rise in the last year. The surge in the share price has put eBay in elite company in the tech space of company's with market caps over $70 billion.
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