The digital payments firm says it didn't live up to its own standards when it updated its user agreement with a confusing and controversial policy on autodialed calls and texts.
The e-tail giant will be separating its online payment and commerce companies in mid July. Shares will be split, tax-free, right down the middle for current shareholders.
The online retailers' prohibition comes after bans from Walmart and Sears. Google, Etsy and Newegg also make similar changes.
The digital-payments company has faced criticism over its amended user agreement that allows it to direct automated calls and texts to customers.
The e-commerce company has also updated the search function on its mobile apps for iOS and Android.
The program, to be offered at an annual fee, will include fast, free shipping and returns for buyers. It could be the start of another potential challenger to Amazon Prime.
The marketplace for buying and selling sports and concert tickets hopes to expand its mission to become a resource for finding and planning for events.
The Consumer Financial Protection Bureau claims PayPal signed up consumers to its credit service, PayPal Credit, without their permission.
The Chinese online retailer in recent years has also taken stakes in US retail firms ShopRunner and 1stdibs and opened its own US online shop, 11 Main.
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On July 1, the payment-services company will start offering buyer protections for services, e-books, software downloads, digital music and much more.
For the first time, the e-commerce giant reports sales results for Amazon Web Services -- and they're whopping.
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