Eugene Kim, Business Insider, July 20, 2015
PayPal started trading as an independent company on Monday after its spin-off from eBay last week — and it’s already worth more than some of the biggest tech companies. According to a chart put together by Statista, as of early Monday, PayPal had a market cap of $49.5 billion, which is higher than that of Netflix, eBay, and Twitter. That means the market is giving PayPal a much higher value than its former parent company, eBay — the company that previously acquired PayPal for $1.5 billion back in 2002 — before splitting it out due to pressure from activist investors like Carl Icahn. […read more]