In other words, PayPal is all in.
The future of eBay is mobile payments, however, and for investors willing to overlook some short-term pain, there may be some long-term gain as PayPal transaction volume increased a strong 21 percent in the last quarter, and PayPal merchant services jumped 25 percent.
Jeep's Twitter account recently told the world that the iconic brand had been "sold to Cadillac." And Burger King's account started mysteriously promoting McDonalds. Two high-profile hacks in less than a week means, apparently, that Twitter had to take some action.
The good news, if you're PayPal, is that almost three quarters of Americans know about you and your digital wallet solution. The bad news is that under half of them really understand what a digital wallet is.
"We had a great finish to an excellent year, with fourth quarter results exceeding our expectations," said eBay president and CEO John Donahoe.
After properly stuffing themselves with copious amounts of turkey, cranberry sauce, sweet potatoes, dressing, and pumpkin pie, eBay saw a ton of people reach for their mobile devices to make some form of payment.
Google Wallet, which just recently made big changes to support Visa, American Express, and Discover cards, is now apparently making even bigger changes. As in, back to the future changes.
There's a right way and a wrong way to announce layoffs. Sadly, too many tech companies take an insensitive and shortsighted approach that shows just how out of touch they are with the rest of the world.
Who starts an announcement that he's tossing 470 people's jobs into the meat grinder with the world "delighting?"
Storific provides consumers with a way to skip the hassle of in-restaurant ordering, and instead find, order, and pay for food before pick-up or dine-in.
Dave McClure is one of the most prominent angel investors in Silicon Valley -- and possibly the world. His accelerator, 500 Startups, will fund its 500th company sometime this year. And no, in answer to "all the stupid questions," 500 Startups will not shut its doors after reaching that number.
He may also take the prize for most F-bombs per sentence of any investor.
It’s getting to be a tough market in mobile commerce. Google and Apple are both out with solutions that approach digital wallet status, upstart startups like Square are claiming merchant mindshare, and the original mobile payments company, PayPal, is having …
eBay met high expectations for its second quarter earnings today with revenue, net income, and user growth up double digits from last year.
The company reported a revenue of $3.4 billion, up 23% compared to the same period in 2011. …
Ten years ago today, eBay announced an acquisition that might rank as one of the most successful Silicon Valley purchases ever. In fact, it sits third on Ranker’s list of smartest tech acquisitions.
I’m talking, of course, about PayPal, the …
Facebook’s very quiet announcement last week that it is dropping Facebook Credits in favor of local currency pricing was likely the quietest declaration of war the world has seen. The notice, made on the company’s developer blog, means Facebook is …
Shop at Home Depot stores and your home won’t be the only thing getting a renovation. The way you pay, thanks to an expanded partnership with payments provider PayPal, may never look the same.
In two weeks time, the home …
“I believe that you’re going to see more change in how consumers shop and pay … in the next three years, than we’ve seen in the last 20 years,” eBay president and CEO John Donahoe said today at the Digital …
Not content with having conquered online payments, PayPal is expanding into real-world stores. The online e-commerce company has decided to expand by allowing shoppers to pay with its service in more than 2,000 brick-and-mortar stores by March.
Partnering with The …
eBay’s chief executive John Donahoe has a plan to turn his company around — and it looks like it’s working.
eBay’s revenue rose 5 percent year over year in the fourth quarter, bolstered by increased holiday sales and strong growth …
For the first time in more than a year, eBay has not seen any significant revenue growth from its auctions. That has left PayPal, which continues to grow at a healthy rate, as the flagship revenue stream for the once-leading …
