SEATTLE: PayPal Holdings Inc wooed investors by increasing its customer base and transaction volume, while former parent company eBay Inc disappointed with declining sales on its core online marketplace.
The divergent earnings results reported Wednesday validated activist investor Carl Icahn’s push to split the companies and unlock the growth potential of PayPal, which he called the “jewel” of the business.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
