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EBay Boss Says PayPal Will Exceed One-Third of Company in ‘09
Page not found – Digital Transactions
(April 29, 2009) It’s been implicit for a while, but eBay Inc. on Wednesday made it clear that it has big hopes for its PayPal payments subsidiary as the company evolves from its core Internet auction business. “PayPal’s opportunity and its niche is to power all of e-commerce,” eBay president and chief executive John J. Donahoe told shareholders today at the company’s annual meeting in San Jose, Calif., eBay’s headquarters city.
PayPal accounted for about 20% of eBay’s $3.3 billion in revenues in 2004 and 25% of $8.5 billion in revenues last year. “PayPal will be over a third of our company this year as it grows and reaches its potential,” said Donahoe. He later called PayPal “a second core business in our company” that will be bigger than the Marketplaces segment of auctions and fixed-price product sales.
Page not found – Digital Transactions
(April 29, 2009) It’s been implicit for a while, but eBay Inc. on Wednesday made it clear that it has big hopes for its PayPal payments subsidiary as the company evolves from its core Internet auction business. “PayPal’s opportunity and its niche is to power all of e-commerce,” eBay president and chief executive John J. Donahoe told shareholders today at the company’s annual meeting in San Jose, Calif., eBay’s headquarters city.
PayPal accounted for about 20% of eBay’s $3.3 billion in revenues in 2004 and 25% of $8.5 billion in revenues last year. “PayPal will be over a third of our company this year as it grows and reaches its potential,” said Donahoe. He later called PayPal “a second core business in our company” that will be bigger than the Marketplaces segment of auctions and fixed-price product sales.