EBay, PayPal Face Threat From Apple Pay: Piper

By | September 10, 2014

Scalper1 News

If you’re looking for an early loser from Apple’s grand product unveiling Tuesday, eBay (EBAY) might be it. EBay stock was down 2.5% in morning trading in the stock market today, near 51.50, after a downgrade and price cut by Piper Jaffray. This comes a day after Apple (AAPL) announced a new payments platform that will compete with eBay’s PayPal, among others. EBay stock fell 2.8% Tuesday. Piper Jaffray analyst Gene Munster downgraded eBay stock Scalper1 News

Scalper1 News