Ebay Sells Stake Back To Craigslist; Prepares For Split With PayPalE-commerce company eBay has sold its 28.4 percent stake in Craigslist back to the online classified advertising site, ending years of legal wrangling between the two companies.
Elon Musk Denies Scolding Employee For Skipping Work To Witness Birth Of ChildElon Musk shot down claims from a new book that he criticized an employee for missing work to attend the birth of his child.
PayPal To Pay $7.7M For Violating US Sanctions Against Iran, Cuba, SudanThe Office of Foreign Assets Control said PayPal didn't adequately screen transactions so it could detect those by people or entities subject to sanctions against Iran, Cuba and Sudan.
Facebook Unveils Friend-To-Friend Payments In MessagesFacebook is taking a seat at the wireless payment table by now allowing users to send money to one another with its Messenger app.
eBay To Cut 2,400 Jobs In 1st Quarter Ahead Of PayPal SpinoffEBay plans to cut 2,400 jobs, or 7 percent of its staff, in the first quarter to simplify its structure and boost profit ahead of a planned separation of its business.
Silicon Valley Big Shots Investing Millions In National Marijuana Company Featuring Bob Marley ProductsFounders Fund, the $2 billion San Francisco venture capital firm run by Silicon Valley stars including Peter Thiel, co-founder and former CEO of Paypal, is investing in Privateer Holdings, a marijuana company that owns several pot-related brands.
Alibaba Makes IPO History Opening At $92.70 Per Share, Surpassing Amazon, Ebay & FacebookAlibaba's stock is surging as the Chinese e-commerce powerhouse's begins its first day trading as a public company.
Elon Musk's SpaceX Among NASA Contenders To Launch Astronauts To Space Station From U.S. SoilNASA is a giant step closer to launching Americans again from U.S. soil, and one of the likely contenders is SpaceX, the private rocket company formed by PayPal and Tesla co-founder Elon Musk.
Restaurant Checkout App MyCheck Expands To Bay Area; Customers Can Dine And Dash, Pay Bill On SmartphoneRestaurant diners in the Bay Area may soon be able to skip out without waiting for the check with the expansion of an app that allows customers to dine and dash while paying the bill on their smartphone.
PayPal VP Shares Career Advice For Future San Jose Business ManagerChristina Smedley, vIce president of Global Brand and Communications at San Jose-based PayPal, shares expert advice for business management careers in the Silicon Valley.
Investor Icahn Drops Bid To Force eBay To Sell Off PayPal The e-commerce company has been fighting a push from the activist investor to spin off PayPal, eBay’s mobile payment business that is growing revenue faster than the rest of the company. Icahn launched his campaign against the company in January.
EBay Reports Higher Earnings; Icahn Seeking PayPal SpinoffEBay is reporting higher earnings and revenue for the last three months of 2013, driven by a strong holiday season for its e-commerce site and PayPal.