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Michael J. de la Merced / New York Times:
Andreessen Steps Down From EBay Board Ahead of PayPal Spinoff   —  Months after publicly defending his role as an eBay director against Carl C. Icahn, the venture capitalist Marc Andreessen is now stepping down from the e-commerce company's board.  —  As eBay moves to spin off its PayPal payments unit …
Oct 20, 2014, 10:55 AMIn context
Ingrid Lunden / TechCrunch:
EBay Beats On EPS Of $0.68, Misses On Sales Of $4.35B; Shares Fall On Lower Forecasts   —  E-commerce giant EBay, soon to be split into two businesses, today reported its third-quarter earnings.  The company reported revenues of $4.4 billion (or, $4.353 billion, to be exact), growing 12% on a year ago …
Oct 15, 2014, 4:25 PMIn context
Ben Thompson / stratechery:
PayPal is at a disadvantage because it focused on peer-to-peer payments, not merchant-based transactions   —  PayPal's Incentive Problem  —  Last week eBay announced that PayPal would be spun out into a separate company, fixing two big problems for PayPal:
Oct 7, 2014, 4:05 AMIn context
Greg Bensinger / Wall Street Journal:
eBay's new live auctions effort launches Thursday with Swann Auction Galleries in New York   —  eBay Tries Its Lot With Live Auctions, Again  —  EBay is taking a second swing at letting its users bid on items sold at live auction houses.  —  A number of New York galleries will open …
Oct 6, 2014, 2:30 PMIn context
Sarah Perez / TechCrunch:
Backed By $9.5 Million, Curbside Launches A Mobile Shopping App For Same-Day Pickup, Not Delivery   —  A number of companies today are experimenting with same-day e-commerce, including Amazon, Google, eBay, Instacart and others - but for most, the focus has been on same-day delivery.
Oct 6, 2014, 12:05 PMIn context
Ingrid Lunden / TechCrunch:
Payment Network Dwolla Picks Up A Strategic $9.7M Led By CME Group   —  On the same day that eBay announced that it plans to spin off its payments business PayPal, a smaller payments competitor has quietly announced another round of funding to continue building out its own platform.
Sep 30, 2014, 6:45 PMIn context
Jillian D'Onfro / Business Insider:
Activist investor Carl Icahn praises “no brainer” PayPal spin off, says PayPal should consolidate the payments industry with acquisitions or a merger   —  Carl Icahn: Now PayPal Needs To Buy Or Merge With Another Payments Company  —  After urging eBay to spin off its PayPal business for months …
Sep 30, 2014, 12:50 PMIn context
New York Times:
Senior Amex exec Daniel Schulman joins PayPal as president, will become CEO after split   —  EBay to Spin Off PayPal, Adopting Strategy Backed by Icahn  —  By Michael J. de la Merced and Andrew Ross Sorkin  —  EBay said on Tuesday that it would spin off its PayPal payments unit …
Sep 30, 2014, 7:35 AMIn context
David Faber / CNBC:
John Donahoe to step down as CEO of eBay after eBay and PayPal split takes effect in 2015, replaced by Devin Wenig   —  EBay and PayPal to split into two separately traded companies  —  After spending much of this year explaining why its two businesses are best left together …
Sep 30, 2014, 7:20 AMIn context
Jason Del Rey / Re/code:
What the eBay Split Means for PayPal   —  PayPal hasn't aged so gracefully, but eBay's decision to spin it off next year could give it renewed life.  —  There are plenty of questions remaining about the plan to remake PayPal as its own public company, but one thing seems likely …
Sep 30, 2014, 7:10 AMIn context

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