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PayPal Could Soon Be eBay's Biggest Source Of Revenue

PayPal Could Soon Be eBay's Biggest Source Of Revenue | cross pond high tech | Scoop.it

Thanks to strong growth of its online payments business, eBay reported better-than-expected second quarter results yesterday. Net income increased to $676 million from $640 million in the same quarter a year ago. Overall revenue climbed 13% to $4.37 billion, as eBay's payments business once again outgrew the company's core business, the marketplace, by a wide margin.

The PayPal unit now accounts for 45% of eBay's net revenue and is on track to become the company's main revenue source in the near future. eBay's marketplace business was hurt by a severe security breach in the past quarter, as a cyberattack left the company no choice but to ask its 145 million users to change their passwords.


Philippe J DEWOST's insight:

AirBnB re-logoing seems to have triggered some laughter. Shall eBay follow and rebrand into PayPal ?

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Scooped by Philippe J DEWOST
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EBay client information stolen in hacking attack

EBay client information stolen in hacking attack | cross pond high tech | Scoop.it
(Reuters) - E-commerce company eBay Inc said client identity information including emails, addresses and birthdays was stolen in a hacking attack between late February and early March.EBay urged users
Philippe J DEWOST's insight:

Password changed. Considering closing account.

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