PayPal separates from eBay PayPal Holdings, Inc., the digital payments company, has separated from eBay, the e-commerce company that acquired PayPal in 2002 for $1.5 billion. It is now an independent public company trading on the Nasdaq under the ticker symbol ‘PYPL’. PayPal and has a market cap of upwards of $49 billion today. The company has captured about 8 per cent of the $750 billion online transactions market, had 169 million customers, according to figures just in for the second quarter of 2015.
Facts about eBay
- eBay Inc is an American multinational corporation and e-commerce company, providing consumer to consumer &business to consumer sales services via Internet.
- It is headquartered in San Jose, California.
- eBay was founded byPierre Omidyar in 1995, and became a notable success story of the dot-com bubble.
- Today, it is a multi-billion dollar business with operations localized in over thirty countries.
