Scalper1 News
The mobile wallets landscape shifted Tuesday, as eBay announced plans to spin off PayPal. Analysts mostly applauded the move, and eBay (EBAY) stock rose 7.5% to a six-month closing high of 56.63. EBay said it expects to complete the spinoff of PayPal into a separate publicly traded company in the second half of 2015. It was a victory for activist investor Carl Icahn, among those who had pushed for the change. “The split is good,” Scalper1 News
Scalper1 News