PayPal Posts

eBay Inc (EBAY): Carl Icahn suggests partial PayPal IPO

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Billionaire activist investor Carl Icahn is suggesting that eBay Inc (NASDAQ:EBAY) spins off 20% of PayPal in an IPO. He has released a detailed plan for the separation of PayPal and eBay since the beginning of an unsolicited campaign in January.

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Naoki Hiroshima gets the @N Twitter username back

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Naoki Hiroshima was known for owning the Twitter username @N before a hacker extorted it out of him it by holding his GoDaddy domain names hostage.
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eBay Inc (EBAY) gets accused of conflict of interest by Icahn

Carl Icahn
eBay Inc (NASDAQ:EBAY) is being accused of conflict of interest by billionaire activist investor Carl Icahn. Icahn accused eBay CEO John Donahoe of failing to spot or ignoring conflicts of interest on the company’s board of directors.
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PayPal is shutting down StackMob

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PayPal acquired a backend-as-a-service company two months ago called StackMob. Now PayPal is shutting it down. StackMob had 14 engineers that were working on the service along with several full-time employees.
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Hacker steals Naoki Hiroshima’s @N Twitter username by holding GoDaddy domain names hostage

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Naoki Hiroshima, the CEO of N Methods, had the Twitter username @N. He was even offered $50,000 for the Twitter username at one point. But a hacker stole his username. Here is how it happened.

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Carl Icahn wants eBay Inc (EBAY) to spin-off PayPal

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Carl Icahn is restless with tech companies today! The billionaire investor disclosed on Twitter today that he now has a $3 billion stake in Apple and wants the company to do a major share buyback. He also announced today that he wants eBay Inc (NASDAQ:EBAY) to separate their PayPal unit as a separate entity. eBay said in their court quarter earnings that Icahn took almost a 1% stake in the company and wants PayPal to spin off. Carl Icahn nominated two of his employees for seats on eBay’s board. eBay announced that their board authorized a $5 billion stock repurchase program in addition to the $600 million, which is remaining from a past authorization.
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PayPal is acquiring StackMob

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StackMob is a mobile backend service provider that is being acquired by PayPal. StackMob offers a way to build, deploy, and grow mobile applications. According to TechCrunch, StackMob raised $7.5 million in Series A funding, but was unable to raise a Series B round. This is why the acquisition discussions began. eBay confirmed the acquisition and reported that the StackMob team will join PayPal.
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eBay Inc (EBAY): PayPal’s Payment Code Uses QR Codes To Make Purchases In Retail Stores

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eBay Inc (NASDAQ:EBAY) subsidiary PayPal has announced a new feature that is coming soon called Payment Code.  The Payment Code allows PayPal users to pay for products inside retail stores using their phones.  The payments are set up through the scanning of QR codes.  The QR codes are generated within the app. 
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