2015-07-20
Today is the day that Carl Icahn has been waiting for. The day
that PayPal (NASDAQ:
PYPL)
begins tradingas a company independent of the parent he said
made it impossible to recognize and monetize the value that was
buried beneath the eBay (NASDAQ:
EBAY) facade.
Over the years, we have all gotten quarterly peeks of that value
when eBay reported its results.
Back in 2007 — the year the iPhone was introduced and Amazon
(NASDAQ:
AMZN) and eBay were both celebrating their 12
thbirthdays — PayPal was about 25 percent of eBay’s
total revenues.
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