Latest in Auctions

Image credit:

eBay and PayPal officially part ways today

88 Shares
Share
Tweet
Share
Save

Sponsored Links

We knew eBay and PayPal were headed to splitsville this year, and now it's actually happening. 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 the online 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.

[Image credit: Associated Press]

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
88 Shares
Share
Tweet
Share
Save

Popular on Engadget

Engadget's Guide to Privacy

Engadget's Guide to Privacy

View
Amazon rolls out a cash payment option for online orders in the US

Amazon rolls out a cash payment option for online orders in the US

View
Apple will use recycled rare earth metals in the iPhone's Taptic Engine

Apple will use recycled rare earth metals in the iPhone's Taptic Engine

View
Xfinity internet-only customers now get the Flex streaming platform for free

Xfinity internet-only customers now get the Flex streaming platform for free

View
YouTube is bringing a big, ugly ad banner to its TV app's home screen

YouTube is bringing a big, ugly ad banner to its TV app's home screen

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr