, a is a mover, a maker sugar, she has been through her own healing process. With a etheridge is out new album and how own of her music has changed her career. Now we get headlines with julie hyman. The firstrds that ebola case has been diagnosed in the United States. Are holding a press conference just a half hour from now. Where it is,ar but there are reports it is in dallas, texas. Carl icahn had pushed for a split earlier this year, and the separation of ebay and paypal a be done by 2015. Thank you. Now for more on the paypal ebay split, joining me now is cory johnson. And the chief executive of bluesnap. And eric jackson from los angeles. Lets begin with you. What do you make of this move today and tell us what this tells about you of the payment the future of the payment industry. It is a neck knowledge and and i knowledge meant on the part of ebay to know that paypal would be a better industry separate from them. Hopefully paypal unleashed can be innovative and shake up the paym
To doing away with a rule that football fans absolutely hate. It is 10 00 a. M. In new york city. You are watching Market Makers. I am Erik Schatzker. I am stephanie ruhle. Sackednfl going to get i am betting you thought that was corny. I am cringing, and we know i am the cheese of the show. Lets start with the big news ebay spinning off the paypal unit, bowing to carl icahn, who pushed for the split nine months ago. Donohue opposed the move and he will be leaving once the spinoff is complete. Lets bring in senior marcus correspondent julie hyman. What arent senior markets correspondent julie hyman. What are investors saying . The conventional wisdom is this does more for paypal than it does for ebay. Why are they splitting up . Why did carl icahn start pushing for this nine months ago . He felt as though, and it seemed other investors agreed, that paypal was being held back by ebay. Than half ofmore the volume of payments from paypal comes from ebay itself. Was it holding it back in t
With paypal to become an independent company next year. By a had faced pressure from carl icahn and others who urged them to split their marketplaces and payment business. With this move, donahoe will leave once it is complete. American express executive dan shulman is c. E. O. Designate of the new palpal company. Is it a good idea . I have been asking various members of the paypal mafia that question. These are the paypal founders who sold the company to ebay in 2002. Here are some of their opinions. There are still a lot of synergies between ebay and paypal. Him and no matter what happens, whether they spin it out or keep it in, there has to be a Firm Commercial agreement. I think that is a priority. Will paypal grow faster if it were not within ebay . Maybe, maybe not. Would it be valued differently by the market or have a better multiple all that stuff . I dont really care. If it spun out and had its own stock, you could motivate the Management Team to do more direct they would be
They go on sale at over 17th. Apple had to first agree to improve User Security and privacy. I have been seeing some of those out there. Back to the big news. Ebay announcing it will separate ebay and paypal the businesses. American express executive dan shulman will be the new ceo for paypal, postseparation. He joins the Company Effective immediately. Bloomberg intelligence paul sweeney joins us now from princeton new jersey. Also with me as skycard is, the founder and former ceo of about. Com. Web 1. 0 as we talked about earlier. Want to turn to you first. You were building about. Com at the same time yuan must was building elon musk was building paypal. You guys were all first generation. This deal makes sense. Jobs growingt paypal. But we are high were going to have a massive disruption. Little card is not as productive as my iphone 6. We use braintree, which is an ebay company. It gives me pause. Ebay wants to use our data. We run a market place, we were ebay runs a marketplace. I
First, netflix concord original tv shows. Now it is trying to make its own movies. But the cost of making a movie is big. The question is will this pay off in profits . But to our lead, just months after saying a full separation of ebay and paypal was a bad idea, they are changing their tune. Carl icahn and others urged the split. Ebays marketplace president will become the new ceo of ebay. American express executive dan shulman is ceo designate of the new paypal company. Is this a good idea . My partner, emily chang, has been posing that very question to the original founders of the paypal mafia. Lets see what they had to say. No matter what happens, whether they spin it out or keep it in, there has to be a very firm agreement between ebay and paypal. That is true. Could paypal grow faster if it were not within ebay . Maybe, maybe not. Would it be valued differently by the market . Would it have a better multiple . All of that stuff . I dont really care. Having said that, i think abou