“Payment is part of commerce, and as part of eBay, PayPal drives commerce innovation in payments at global scale, creating value for consumers, merchants and shareholders,” the company said. Icahn has also been nudging Apple Inc. to buy back stock, returning some of the billions in its coffers to shareholders.
The revelation came as eBay closed the book on 2013. The company’s net profits for the year rose 9 percent to $2.86 billion, or $2.18 a diluted share, as revenues increased 14 percent to $16.05 billion.
EBay’s marketplace e-commerce business saw its revenues increase 12 percent to $8.28 billion for the year on gross merchandise volume of $76.5 billion. The payments unit drew revenues of $6.63 billion on total payment volume of $179.66 billion.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)