EBay Reports Higher Earnings; Icahn Seeking PayPal Spinoff
EBay is reporting higher earnings and revenue for the last three months of 2013, driven by a strong holiday season for its e-commerce site and PayPal.
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EBay is reporting higher earnings and revenue for the last three months of 2013, driven by a strong holiday season for its e-commerce site and PayPal.
Facebook plans to test a mobile payments service that lets users make purchases inside mobile applications using payment information they have added to their account on the social network.
Recently kicking off in London borough Richmond upon Thames, the test includes 12 different merchants set up to accept PayPal payments, according to the company.
EBay's revenue increased in the second quarter as its PayPal business and namesake online marketplace continued to grow. But net income fell amid higher expenses and its outlook for the current quarter was shy of Wall Street's expectations.
Please imagine how giddy Pennsylvania PR executive Chris Reynolds must have felt when PayPal made him $92 quadrillion richer -- $92,233,720,368,547,800 richer to be precise.
The commercialization of space may not be moving at light speed, but it's probably going faster than you think.
PayPal wants to explore space -- or at least begin to figure out how payments and commerce will work beyond Earth's realm once space travel and tourism take off.
EBay grew its earnings and revenue in the first quarter thanks to growth in its PayPal business and its e-commerce sites. But revenue fell shy of Wall Street's expectations, causing investors to send the company's stock lower in after-hours trading.
Yahoo is adding a new director and parting ways with two other board members in the latest shake-up of the Internet company's hierarchy.
There's another way to make money transactions online with a new company called Dwolla. The payment service company allows you to send money to others via Twitter.
A Novato man is facing federal charges in an alleged Internet fraud scheme that bilked people out of tens of thousands of dollars.
PayPal said it was cutting 325 full-time jobs in a move to streamline the business.
EBay said Tuesday that its third-quarter net income grew 22 percent, helped by higher revenue at its PayPal payments service and the marketplaces business that includes eBay.com.
EBay's PayPal unit is planning layoffs in the coming weeks as it tries to refocus and operate more like an agile startup than a large company, according to people familiar with the matter.
PayPal has launched a mobile payments service that lets businesses accept credit cards using a small triangular card reader attached to an iPhone.
It may come as no surprise that Bay Area home improvement stores are the first to roll out one of the first mobile payment systems in the US. San Jose based PayPal is teaming up with Home Depot to allow customers to pay for purchases using their cell phones.
Yahoo Inc. has named Scott Thompson, president of eBay Inc.'s PayPal division, as its new CEO.
EBay's third-quarter net income climbed 14 percent, helped by growth in its online marketplace and PayPal online payment service, according to the company.
EBay Inc.'s second-quarter results beat analyst expectations Tuesday with growth in its PayPal online payment service and marketplace business - although profit fell 31 percent on charges from its recent purchase of e-commerce retail site operator GSI Commerce.
14 people have been arrested for allegedly mounting a cyberattack on the Web site of San Jose-based PayPal in retaliation for suspending the accounts of WikiLeaks, according to the Justice Department.
EBay Inc. is buying mobile payments provider Zong for about $240 million in cash so it can extend the reach of its PayPal online payments service...
EBay Inc. said Wednesday that its fourth-quarter revenue rose, as the healthy holiday shopping season bolstered growth in its PayPal online payments business and online marketplace.
Electronic payment company VeriFone is teaming up with PayPal to make it even easier for small businesses to accept payments on mobile phones.
eBay Inc. on Wednesday said its third-quarter profit climbed 22 percent, helped by its growing PayPal business.
