USA TODAY Former eBay exec gets 15 months for insider tradingUSA TODAYPHILADELPHIA — Former eBay executive Christopher Saridakis was sentenced Wednesday to 15 months in prison for insider trading by a U.S. District Court judge. Christopher Saridakis, 45, of Greenville, Del., tipped off two family members and two friends …Former eBay Executive Sentenced to Prison for…
The New Yorker Why eBay and PayPal Broke UpThe New YorkerIn January, John Donahoe, the C.E.O. of eBay, declared that he and his company's board were resoundingly opposed to the idea, floated by Carl Icahn, the activist investor, to spin off PayPal. The payments company benefitted from being part of eBay in …EBay Faces Slower…
Former eBay Exec Sentenced for Insider TradingABC NewsA former eBay executive has been sentenced to 15 months in prison for his role in insider trading. A federal judge in Philadelphia sentenced 45-year-old Christopher Saridakis on Wednesday. Saridakis had pleaded guilty to securities fraud in May …and more » More: continued here
Wall Street Journal (blog) The five reasons behind PayPal's split from eBayTelegraph.co.ukEBay is to split in two, carving PayPal, the electronic payments arm it bought in 2001, off from the main online auction business. The move marks a dramatic U-turn for the company, whose chief executive, John Donahoe, spent months insisting that eBay…Why eBay may…
Cool Spaces: Inside eBay's growing Portland office, which has a personality …Portland Business Journal (blog)Giraffes guard an area where iOS developers work at eBay's downtown Portland office. Portland is home to eBay's hub for all things mobile. The employees at this office develop eBay Marketplace mobile apps. Click through for more scenes from eBay's …and more »…
Wall Street Journal (blog) Why eBay may struggle without PayPalCBS NewsEBay (EBAY) shares are returning to earth. After shooting up more than 11 percent on Tuesday on news that the online auction company plans to spin off its PayPal unit next year, eBay's stock price was down nearly 2 percent in morning trade.The Positive Side…
Wall Street Journal (blog) The Positive Side Of Split Between eBay And PayPalForbesAfter long resisting such a move, eBay has finally decided to spin-off its payment services arm PayPal. This spin off will be completed in 2015. While there may be some negatives to consider – such as loss of synergy between eBay and Paypal,…
Fortune eBay-PayPal spin-off: Why shareholders are loving itFortuneEbay shareholders like the company's recent decision to spin-off payment processor PayPal. Its shares are up by almost 8% since the news broke. Investors in other companies should take note. Recent research shows that spin-offs are better for … More: continued here
EBay Inc. (EBAY)'s separation from PayPal casts the online marketplace into an environment where the stakes are much higher as Amazon.com Inc. and Alibaba Group Holding Ltd. battle for global supremacy. Devin Wenig, 47, will continue to lead EBay's marketplace business as chief executive officer after the split, inheriting an operation with roots stretching back…
How to Invest in eBay as PayPal Spinoff NearsBarron’sThe risk to selling puts on eBay is that the stock could follow the broad market lower (as it's doing today). What's more, Carl Icahn and other activist investors could pressure the stock if they decide not to wait for the separation before selling … More: continued…