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eBay to split PayPal into a separate business

ExclusiveeBay to split PayPal into a separate business

News Mark -

eBay has announced plans to separate its PayPal e-commerce operation from its online auction and shopping business.

PayPal was created around 15 years ago and launched on the stock market in 2002. It was acquired by eBay later that year.

ExclusivePayPal prepares mobile-connected Chip and PIN device for the UK

News Mark -

eBay-owned online payment service PayPal is introducing a new Chip & PIN device for UK retailers. It’s called PayPal Here - the same name as the company’s plug-in reader for swipe cards in the USA - and is designed to work in conjunction with a smartphone app.

The device is being made available to select UK businesses in the next few months before a full UK launch this summer.

ExclusiveeBay and PayPal report a good mobile year

News Mark -

Online marketplace eBay has reported its fourth-quarter and full-year results for 2012, with annual revenue up 21% to $14.1 billion (around £8.9 billion).

Net income was down 19% to $2.6 billion, although the Q4 2011 figures had been boosted by the company selling its share in Skype.

ExclusiveLast week at The Fonecast: 23rd July 2012

Opinion Mark -

Mark Bridge writes:

Internet veteran Yahoo! provided last week’s biggest news, at least in terms of press coverage. It appointed Marissa Mayer as its President and Chief Executive Officer, having enticed her away from Google after 13 years.

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