Sept 30 (Reuters) - EBay Inc said it would spin off PayPal, its fast-growing payments unit, into a publicly traded company in the second half of 2015.
"A thorough strategic review with our board shows that keeping eBay and PayPal together beyond 2015 clearly becomes less advantageous to each business strategically and competitively," eBay Chief Executive John Donahoe said in a statement.
(Reporting by Supantha Mukherjee in Bangalore; Editing by Savio D'Souza)
Tesla's loss of $328.3 billion this year in stock value certainly hurts. But it's only the second-largest market value loss in the S&P 500.
On paper, Mark Zuckerberg is Meta’s lowest-paid employee, with a $1 dollar salary and no bonus.
You'll only find seven different stocks in this billionaire's portfolio, and only one of them is a "big tech" company.
This growth ETF has nicely outperformed the S&P 500 since its inception.
Microsoft, which overtook Apple as the world's most valuable company earlier this year, is looking to cement its AI market leadership.
With rising inflation, American consumers are increasingly turning to the Chinese e-commerce platform Temu for their shopping needs. With its enticing tagline “Shop like a billionaire,” Temu has captured 17% of the U.S. market share, posing a challenge to traditional American retailers such as Amazon.com Inc., Dollar Tree Inc. and Five Below Inc. The rise highlights the lucrative and disruptive nature of startups. Owned and operated by PDD Holdings Inc. (NASDAQ:PDD), Temu offers a wide range of
Bitcoin block subsidies were recently reduced by half for the fourth time in history, and halving events have always led to significant price appreciation.
One of Capitol Hill's most-active stock traders is sending a company with well-defined competitive advantages -- that also happens to be on the verge of its first-ever stock split -- to the chopping block.
These stocks all deserve to be trading at far higher prices, and it may not be too long before they start to rally.
This stock is reasonably priced, even after explosive gains.