Post Tagged with: "eBay"

PayPal Rides Venmo as It Heads Toward IPO

PayPal Rides Venmo as It Heads Toward IPO

by July 17, 2015 at 11:59 am 1 comment

On Monday, PayPal will once again be an independent company. And as it gears up for its big day, the social person-to-person payments service Venmo is the best thing PayPal has going for it. While PayPal grew a modest 27% in transactions last quarter, Venmo is growing nearly 10 times asRead More

PayPal Revenue Surpasses EBay Marketplaces As Spinoff Nears

PayPal Revenue Surpasses EBay Marketplaces As Spinoff Nears

by April 23, 2015 at 11:13 am 1 comment

PayPal is ready to go its own way. Revenue for PayPal exceeded that of its sister unit, eBay Marketplaces, for the first time in 1Q, it was revealed in yesterday’s earnings call for eBay Inc. PayPal posted $2.1 billion on the quarter, compared with $2.06 for Marketplaces. PayPal’s revenue was 14% higher thanRead More

PayPal Is Said to Be in ‘Early Talks’ to Acquire Square

PayPal Is Said to Be in ‘Early Talks’ to Acquire Square

by October 14, 2014 at 11:45 am 3 comments

PayPal, reportedly is looking to make some acquisitions before it spins off from eBay, and is eyeing Square.

The Real Reason PayPal Isn’t an Apple Pay Preferred Partner

The Real Reason PayPal Isn’t an Apple Pay Preferred Partner

by September 30, 2014 at 3:19 pm 11 comments

UPDATE (10/1/14, 1:41 PM ET) Earlier this month, before Apple Pay came out, Bank Innovation wrote that Apple and PayPal had been involved in talks for … something. We’ve finally tracked down the full story. Sources close to Apple and PayPal and in the financial services industry have confirmed thatRead More

Here’s Who Almost Got the PayPal Job

Here’s Who Almost Got the PayPal Job

by September 30, 2014 at 10:43 am 0 comments

Like a failed long distance relationship, eBay and PayPal are officially breaking up. But the real story story is even juicer than that.

PayPal Spin Off Is All About Apple Pay

PayPal Spin Off Is All About Apple Pay

by September 30, 2014 at 10:33 am 0 comments

It is no coincidence that three weeks to the day after Apple Pay‘s introduction eBay Inc “chose” to spin off PayPal. In announcing today that it will IPO PayPal in late 2015, eBay effectively acknowledged that PayPal will find it far more difficult to score the double-digit rate of growth theRead More

As eBay Looks Outside, Insiders Hope Braintree CEO Gets Top Job at PayPal

As eBay Looks Outside, Insiders Hope Braintree CEO Gets Top Job at PayPal

by August 21, 2014 at 2:54 pm 2 comments

Earlier today, The Information reported that eBay has been interviewing external candidates for the top job at PayPal, which was vacated in June when David Marcus left to be the head of Facebook Messenger. However, PayPal employees are pushing for Bill Ready, the current CEO of Braintree, to become the president at PayPal, according to numerous sources who spoke to Bank Innovation.

At PayPal, the Story Starts to Center on Braintree

At PayPal, the Story Starts to Center on Braintree

by July 17, 2014 at 10:06 am 0 comments

PayPal continues to boost parent company eBay. The San Jose, Calif.-based auction giant had a “challenging quarter,” due to the much-publicized security breaches earlier this year, but still beat earnings estimates, the company reported last night.

Marcus Likely Pushed Out at PayPal, Insider Says

Marcus Likely Pushed Out at PayPal, Insider Says

by June 10, 2014 at 10:25 pm 1 comment

David Marcus might not be the golden payments guru some (hint: Facebook) are making him out to be. A former PayPal executive with extensive knowledge of the goings-on there told Bank Innovation today that Marcus was anything but loved at PayPal.

Facebook Poaches PayPal’s Marcus to Run Messaging

Facebook Poaches PayPal’s Marcus to Run Messaging

by June 9, 2014 at 5:15 pm 1 comment

Facebook managed to pull of a major hire today, poaching David Marcus from PayPal, the eBay-owned payments company where he served as president.