Chastity Mansfield I'm a writer, an amateur designer, and a collector of trinkets that nobody else wants. You can find me on Noozeez, and Twitter.

After more than a decade together, eBay and PayPal have parted ways

48 sec read

We’ve known it was coming for a while now, but eBay and PayPal have finally parted ways after working together for more than a decade. PayPal is now trading as a completely independent company, which means eBay has lost the one part of itself that was actually considered successful… so what now? Well, hopefully eBay will be able to use to $923 million it got from the PayPal sale to make itself profitable again… somehow. 

On Friday, eBay and PayPal are splitting back into two separate companies. PayPal will begin trading on the Nasdaq under the ticker symbol PYPL, the same symbol it traded under before eBay bought it back in 2002. So what are eBay’s prospects now? According to this chart based on eBay’s earnings reports, compiled for Business Insider by Statista, they’re pretty grim. eBay’s payments business — PayPal — has been responsible for most of eBay’s revenue growth since 2012, and it has been responsible for nearly all its revenue growth this year. The values on this chart show the percentage of eBay’s annualized revenue growth that can be attributed to each segment. For example: In Q4 2014, eBay’s revenue grew by $396 million compared with Q4 2013. Of this $396 million, PayPal contributed $327 million, marketplaces contributed $33 million, and the enterprise division contributed $36 million. That means PayPal was responsible for 82% of eBay’s annualized revenue growth during this quarter, marketplaces for 8%, and enterprise for 9%.

Source
Avatar of Chastity Mansfield
Chastity Mansfield I'm a writer, an amateur designer, and a collector of trinkets that nobody else wants. You can find me on Noozeez, and Twitter.

Lyft wants to sell itself but nobody is interested…

Lyft has always been a distant second to Uber in the ride-sharing market, and always will be, but considering how Uber is a $68...
Avatar of Louie Baur Louie Baur
1 min read

Verizon has acquired Yahoo’s core business for $4.8 billion

Marissa Mayer has laid off thousands of Yahoo employees over the last four years, all in an effort to turn things around for the company....
Avatar of Brian Molidor Brian Molidor
1 min read

Why is Line listed on both an American and…

Line hasn’t found much success here in the West, which is why it might seem odd that the company decided to list itself on...
Avatar of Lorie Wimble Lorie Wimble
1 min read

Leave a Reply

Your email address will not be published. Required fields are marked *