While you were sleeping: eBay rallies as it drops PayPal

Thu, 01 Feb 2018

By Margreet Dietz Feb. 2 (BusinessDesk) - Wall Street rose, bolstered by better-than-expected corporate earnings including from Facebook and eBay. Shares of Facebook traded 4 percent stronger as of 1.33pm in New York, while those of eBay jumped 15.3 percent. EBay shares rallied on an upbeat outlook and its plans to team up with Adyen, a Netherlands-based global payments company, shifting away from its longtime payments processing partner PayPal. Shares of PayPal sank, down 6.3 percent recently. “Moving away from PayPal, lowering th...

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