Not to mention Google, Visa, and the rest of a rapidly changing payments industry
PAYPAL'S STELLAR GROWTH WASN'T REFLECTED IN EBAY'S STOCK PRICe
Where does this all leave eBay? Not in a great place. PayPal was the biggest driver of revenue growth at the company and a key part of making the transition from web to mobile. eBay will now have to battle Goliaths like Amazon and Alibaba on the strength of its e-commerce alone. The consolation prize for employees is that anyone holding eBay stock is likely to do well in the short term, as the impending PayPal spinoff will likely drive a significant bump in its price until the breakup is complete.