"PayPal earns $44bn valuation ahead of eBay split"

http://www.ft.com/intl/fastft/355551

"PayPal has an official market value as a standalone company, ahead of its separation from eBay later this month: $44bn.

"PayPal shares started trading on Nasdaq on a "when issued" basis this morning and after an early pop, they have settled at about $36.40 apiece, Stephen Foley reports.

"That means PayPal accounts for about 60 per cent of eBay's market capitalisation. Shares in eBay are available in two flavours from today, with or without the rights to PayPal; eBay's holders will be given one PayPal share for each eBay share when the split officially happens on July 20.

"At 12.30pm in New York, "full" eBay is down 0.7 per cent at $61.40; "ex-PayPal" eBay is at $25.10."

Now, all you poorly paid eBay shills out there, how does eBay’s now $25.10 look compared to Amazon’s current $440?

The eBay executive suite—where the incompetent mingle with the disingenuous, the malevolent and the outright criminal, and the just plain stupid … http://bit.ly/11F2eas