News Reports Of eBay Spinning Off PayPal Resurfaces

by Benzinga Staff
August 21, 2014 11:44 AM | 28 seconds read | Make a Comment

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The Information reported that eBay (NASDAQ: 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. (NASDAQ: 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.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

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