Shares of eBay Inc. fell Wednesday after the president of its PayPal business, Scott Thompson, was named CEO of struggling Internet company Yahoo Inc.THE SPARK: Thompson starts at Yahoo on Jan. 9, replacing … More: continued here
Read More »Yahoo’s Gain Is eBay’s Loss
As John Donahoe, eBay’s chief executive, put it last October, “PayPal’s target market is all of e-commerce,” whereas, “eBay is just one merchant.” Mr. Donahoe said he would serve as interim president of PayPal until the parent company could find a replacement. More: continued here
Read More »Yahoo’s Gain Is eBay’s Loss – New York Times (blog)
Moneycontrol.com Yahoo's Gain Is eBay's LossNew York Times (blog)By NICOLE PERLROTH | January 4, 2012, 2:30 pm PayPal has been eBay's main growth driver since Mr. Thompson took PayPal's helm in 2008. Under his leadership, PayPal expanded its user base to 104 million active users from 50 million, increased its …
Read More »Dow average ekes out a 21-point advance a day after big rally; a strong … – Washington Post
Dow average ekes out a 21-point advance a day after big rally; a strong …Washington PostYahoo Inc. fell 3.1 percent after the company named Scott Thompson, president of eBay Inc.'s PayPal division, as CEO — its fourth in five years. Yahoo has been without a permanent CEO since firing Carol …
Read More »Stocks Open Quietly Lower; eBay Tumbles, Team Climbs – Investor’s Business Daily
Stocks Open Quietly Lower; eBay Tumbles, Team ClimbsInvestor’s Business DailyE-commerce giant eBay (EBAY) slumped more than 5%, hauling the Nasdaq 100 lower. The loss follows Yahoo's (YHOO) announcement that it would name Scott Thompson as its new chief executive. Thompson had been president of eBay's online payments unit, …Technology Business: …
Read More »EBay shares fall on word PayPal chief is leaving – CNBC.com
New York Times (blog) EBay shares fall on word PayPal chief is leavingCNBC.comNEW YORK – Shares of eBay Inc. fell Wednesday after the president of its PayPal business, Scott Thompson, was named CEO of struggling Internet company Yahoo Inc. THE SPARK: Thompson starts at Yahoo on Jan. 9, replacing Carol …
Read More »What Does PayPal President Scott Thompson’s Departure Mean for eBay?
When Scott Thompson starts his new job as Yahoo’s CEO Monday, he’ll leave his post as the head of eBay’s payment division, PayPal. An internal memo sent to PayPal employees suggests he has caught eBay off guard with his departure. More: continued here
Read More »PayPal makes eBay customer destroy $2500 violin, seller left empty handed – CBS News
Daily Mail PayPal makes eBay customer destroy $2500 violin, seller left empty handedCBS News(CBS) – Here's a heartbreaking case of botched communication, thanks to an eBay customer and PayPal policy. I sold an old French violin to a buyer in Canada, and the buyer disputed the label. This is not …
Read More »eBay CEO Surprised by Thompson’s Move to Yahoo! (Update 1)
NEW YORK (TheStreet) — Scott Thompson becoming the CEO at Yahoo! caught eBay’s CEO John Donahoe off-guard. According to eBay’s blog, Donahoe sent out a letter to PayPal employees this morning: “As you may already have seen, Yahoo! announced this morning that Scott Thompson is joining the company as CEO, …
Read More »EBay’s Pain Is Yahoo!’s Gain, But Will It Matter? – Barron’s (blog)
New York Times (blog) EBay's Pain Is Yahoo!'s Gain, But Will It Matter?Barron’s (blog)(YHOO) closed down 51 cents, or 3%, at $15.78 after the company this morning announced the head of eBay's (EBAY) PayPal payment division, Scott Thompson, will be Yahoo!'s new CEO. eBay shares fell $1.18, or almost 4%, …
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