The e-commerce company will cut 2,400 postions this quarter and is mulling selling off its eBay Enterprise unit ahead of the spin out of its PayPal payments service.
What do you do when you get a gift card for a place you aren't too happy about? Why, you sell it, of course!
Online auction giant could shed 10 percent of its workforce as it readies separation from its payments unit.
Reports indicate Apple's smartwatch won't launch until spring, while the rumored "iPad Pro" may be smaller than expected. Also, MasterCard is testing out a new payment wristband called Nymi, and Burger King will begin accepting PayPal.
Sharon Profis compares the security, ease of use and availability of some of the most popular mobile payment options.
The company's marketplace business continues to grow, despite a security breach in the spring, but it doesn't meet Wall Street's expectations for overall revenue.
Hacked screenshots show the Messenger app's ability to send money, Hewlett-Packard is splitting into two companies, and get ready for new products this week from HTC, Sony and Tesla.
The split is a logical progression for PayPal, but eBay needs to show that it's also a smart decision for its core e-commerce business as Amazon lures away sellers.
PayPal co-founder Peter Thiel says it makes sense for eBay to split from the online payments service. Now, PayPal will need to focus on making its product more competitive in a mobile world.
"We want PayPal to be a presence however consumers want to pay," eBay CEO John Donahoe says.
The separation, brought up by activist investor Carl Icahn in January, will include new management teams for both businesses.
The online-payments company is testing the waters by partnering with other companies willing to process transactions using the digital currency.
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