After nearly a year, PayPal has completed its separation from eBay Inc., making it an independent public company on the Nasdaq Stock Market. Moving forward, the company will have the ticker symbol “PYPL.”
Stockholders who held eBay common stock at the close of business on July 8, 2015, received one PayPal common share for every one share of eBay common stock.
“Mobile technology is transforming payments, making it easier, safer and more affordable for people to move and manage their money than ever before,” said Dan Schulman, President and CEO of PayPal. “As an independent company, we see a tremendous opportunity for PayPal to expand our role as a champion for consumers and partner to merchants, and to help shape the industry as money becomes digital at an increasingly rapid pace.”
With Schulman taking the helm, PayPal made significant strategic moves in the first half of 2015, acquiring mobile payment provider Paydiant in March and digital money transfer company Xoom in July.
Serving more than 169 million active customer accounts across 203 markets, PayPal processed $235 billion in payment volume and generated more than $8 billion in revenue in 2014. The company also processed $46 billion in mobile payment volume.
- The Search KPI Red Herrings E-Commerce Retailers Should Avoid
- Rue21 Deploys Platform To Enhance Digital Commerce Experience
- Salesforce Boosts Commerce Cloud With Lightning Order Management
- Target To Power Online Sales At Revived Toys ‘R’ Us Web Site
- Bob’s Discount Furniture Revamps E-Commerce Site, Launches Mobile AR App
Latest from Alicia Fiorletta
- Leveraging Marketplace Momentum: How To Capitalize On New Growth Opportunities Without Risking Your Brand Identity
- Podcast: Are Retailers Finally Getting Holiday Experience Right?
- Alexa: Retail’s Next Friend…Or Foe?
- Aptos Commits Millions To Launch Aptos Labs
- eBags Boosts Conversions 20% With Innovative Tech Investments