Tag Archives: ebay

Mobile Wallets Race: Samsung Pay Debuts; PayPal Deals

Samsung took the wraps off its new mobile payment system at Mobile World Congress in Barcelona, while eBay’s (EBAY) PayPal said it would acquire startup Paydiant, whose digital wallet technology is being used by major retailers. PayPal, which eBay plans to spin off, will reportedly pay about $280 million for Wellesley, Mass.-based Paydiant. Mobile payments is a crowded space, with Apple (AAPL), PayPal and Google (GOOGL) among those aiming to win.

Ax Comes Down On EBay, PayPal Employees: Report

EBay (EBAY) and its PayPal payment unit reportedly are notifying employees who will be laid off as part of a 7% workforce cut announced last month. The cuts appear to be falling on staffers in the company’s point-of-sale (POS) payment service for small retailers and restaurants, hinting that such offline initiatives might also be on the chopping block. Tech news website Re/code quoted multiple sources as saying the cuts reflect eBay management

EBay Staff Cuts, Stock Buyback Offset Weak Guidance

EBay (EBAY) stock was up more than 4% in morning trading Thursday, a day after the payments and e-commerce giant announced staff cuts and a stepped-up stock buyback program that offset weak guidance and soft Q4 results. Word that eBay is mulling a sale of IPO of its eBay Enterprise unit also helped lift the stock. Some analysts lowered their price targets on the stock, but Morgan Stanley upgraded it to equal weight from underweight. EBay stock was