News Reports Of eBay Spinning Off PayPal Resurfaces

On Thursday The Information reported that eBay EBAY may consider spinning off its PayPal unit as soon as next year. eBay has been actively searching for a candidate to fill the position of PayPal Chief Executive Officer after its former CEO David Marcus left the company for Facebook. FB According to The Information, eBay has been informing potential candidates that PayPal will operate as a standalone company. Shares of eBay rose to $55.00 following the release of the article and were last seen trading at $54.92. up 2.85 percent for the day.