PayPal fuels higher eBay revenue even as cyber attack, rivals weigh

By Edwin Chan SAN FRANCISCO (Reuters) – EBay Inc posted a 13 percent rise in quarterly revenue on Wednesday, as better-than-expected results from its fast-growing PayPal division helped the online retailer overcome increasing competition from Amazon.com Inc and a well-publicized cyber attack. Ebay's stock has fallen more than 8 percent …

Read More »

Strong PayPal growth boosts eBay’s 2Q profit – The Sentinel

Strong PayPal growth boosts eBay's 2Q profitThe SentinelNEW YORK (AP) — EBay said Wednesday that its second-quarter net income rose 6 percent, as strong growth from its PayPal payments business offset lower-than-expected revenue that was hampered by a global password reset after a cyberattack.and more » More: continued here

Read More »