eBay will spin off PayPal into a separate company in 2015.
He joined PayPal when the company bought Zong, a mobile payments startup.
John Donahoe told CNBC, “Over time, you’ll start to see it with some merchants accepting Bitcoin” on PayPal. He also said he owns some of the digital currency.
And almost three quarters of young people would bank with a non-bank company if they could.
“Rakesh Agrawal is no longer with the company,” PayPal said in a tweet on Saturday. Update: Agrawal claims in a tweet he was not fired, but resigned.
The company is imploring shareholders to vote against Icahn’s proposal to spin-off PayPal and appoint two board members at its upcoming annual meeting, and calling out Icahn’s personal attacks and the credentials of his proposed board members. This is just the latest in a heated battle that’s taken shape in the last three months.
In the video, which was forwarded to BuzzFeed by a source, eBay CEO John Donahoe dismisses the billionaire hedge fund manager’s campaign to force a sale or spin out of PayPal as an attempt at “short term financial maneuvering to drive the stock price up.”
eBay CEO John Donahue faced a fresh attack from billionaire activist investor Carl Icahn, who nominated two directors to the retailer’s board and accused Donahue of “inexcusable incompetence.” Icahn wants eBay to spin off its PayPal unit, a move the company is against.
Deborah Liu has nurtured the social network’s Mobile App Install Ad product from concept to hundreds of millions of dollars in estimated annual revenue.
Users no longer need a Square account to send money to someone.
Shares of Elon Musk’s electric car company cracked the $100 plateau today. And it’s not just investor euphoria.
You can already leave your wallet in “your other pants” and still buy a cup of coffee with your phone, if you’re in the right spot. Get ready for the “right spot” to be in 7,000 Starbucks.
Google revealed their new smart phone-based payment system yesterday, triggering a nasty lawsuit from PayPal that alleges intellectual property theft. Corporate espionage intrigue at its juiciest.
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What does Anonymous have to do with Wikileaks? Why is Mastercard down? What’s the deal with Amazon? If you haven’t been paying attention, this breakdown identifies just some of the key players and events thus far.
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The 4chan vigilantes are at it again, this time in defense of WikiLeaks. Anonymous has retaliated against several sites which have denied service to WikiLeaks shortly after the site started leaking secret embassy cables. So far they’ve hit the site of Swiss Bank, PostFinance which had closed the account of WikiLeaks founder, Julian Assange. Also affected were PayPal and Mastercard. Who’s next?
Peter Thiel is a venture capitalist (managing partner of the Founders Fund) who provided the initial investment for Facebook. He invented PayPal.
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