PayPal valued at just under $50bn as it soars past EBay on Nasdaq July 21, 2015 After its first day back as an independent company, PayPal is valued just under $50bn (£34bn). Read more: EBay revenue jumps 7pc as PayPal spinoff draws near The online payments company's share price closed up 5.43 per cent on its first day of trading after splitting from parent eBay, after initially soaring 11 per cent in [...]
Ebay revenue up seven per cent as PayPal spinoff draws near July 16, 2015 The figures Revenues at e-commerce giant Ebay jumped seven per cent to $4.38bn (£2.8bn) in the three months to the end of June , according to a report released today. The company’s net income fell to $83m, or seven cents per share in the second quarter, from $676m in 2014. Ebay has announced an additional $1bn [...]
PayPal sets up cyber security centre in Israel and buys startup CyActive March 11, 2015 Online payments company PayPal yesterday announced it was establishing a cyber security centre in Beersheba, Israel, and has bought local startup CyActive to help to launch the development. PayPal, which is due to be spun off from eBay later this year, did not disclose financial details, but Israeli media have said the purchase was worth [...]
PayPal boosting cyber security with buyout of Israeli CyActive March 9, 2015 ONLINE payments company Paypal is set to expand its cyber security business with the acquisition of the Israeli tech firm CyActive, it emerged yesterday. The $60m (£40m) buyout of CyActive will be Paypal’s second acquisition of an Israel-based company, after it purchased FraudSciences in 2008 for $169m. CyActive was founded in 2013 and provides companies [...]
PayPal and Shell partner up for mobile payments at the pump February 9, 2015 Mobile payments are coming to the petrol pump from April as part of a partnership between PayPal and Shell to enable drivers to pay directly on their smartphone when filling up at Shell’s nearly 1,000 UK petrol stations. Using either the Shell motorist app or the PayPal app drivers can select the station and pump [...]
PayPal co-founder Peter Thiel talks quarter-life crises and how to tackle the state November 2, 2014 It's not every day that you get to speak to Silicon Valley royalty. And Peter Thiel, co-founder of PayPal, first outside investor in Facebook, fund manager, and leader of multiple firms, is a dynasty heavyweight. Having just published his new book, Zero to One, he’s keen to talk about some of his latest ideas. [...]
Why PayPal co-founder Peter Thiel thinks luck will get you nowhere October 13, 2014 Harriet Green explores the tech billionaire’s contentious views on setting up a business. Co-founder of PayPal, first outside investor in Facebook and seasoned venture capitalist, Peter Thiel is Silicon Valley royalty. His new book, Zero to One: Notes on Startups, or How to Build the Future, offers a series of insightful – and often [...]
EBay takes Icahn’s advice to spin off PayPal as payment service sees revenues rocket 19pc September 30, 2014 ONLINE auction site eBay yesterday announced plans to spin off its PayPal business in the second half of 2015, saying that to fail to do so would be “less advantageous to each business strategically and competitively.” The separation will ensure that the independent companies are able to “capitalise on their respective growth opportunities in the rapidly [...]
Ebay shares jump in pre-market trading as it confirms Paypal spin-off and poaches American Express’ Dan Schulman as its new chief exec September 30, 2014 Ebay shares jumped 11 per cent in pre-market trading as it confirmed plans to spin off its online payment company Paypal into a separately listed company sometime in the second half of next year. The auction site said following a strategic review, its board had decided separating the two companies will position them "to capitalise [...]
PayPal’s Peter Thiel: “Twitter workers smoke a lot of pot” September 17, 2014 Has the co-founder of Paypal just effectively accused Twitter's workforce of being high on the job? Peter Thiel, an early investor in Facebook, was speaking on American cable channel CNBC when he suggested that “there’s a lot of pot smoking going on” at Twitter's headquarters. Thiel said: Twitter’s hard to evaluate. They [...]