Paypal: a standalone company. Interesting to track their developments in the coming weeks, a lot of speculations on whether they stay standalone, get a banking license, continue acquiring to increase footprint, etc.
The split was first announced in September 2014 and will come into effect today. PayPal has long been eBay’s fastest growing subsidiary, but it was seen as necessary for it to start trading independently in order to better compete with up-and-coming rivals such as Apple and Android Pay. PayPal will continue to be used as eBay’s main payment provider, and nothing is expected to change for customers. Although the split becomes official today, PayPal will not start trading independently on the stock market until next Monday. When that happens, eBay’s market value is expected to drop from more than $75bn (£47bn) to around $30bn (£19bn). It means that PayPal will immediately be worth more than its parent company.