In reality the eBay/PayPal "split" is effectively no split at all …

Neither of these two clunky operators, eBay or PayPal, has much future; not even PayPal once the sham "spin-off" arrangements between these two unscrupulous entities eventually expire five years hence. And, even without the destructive guiding hand of the ex Bain cretin, Johnny Ho, the eBay marketplace will undoubtedly continue on its journey down the toilet …

"PreyPal" may presently be number one in the eyes of many online payers but not so in the eyes of the many small business payees that invariably bear the brunt of PayPal’s clunky, unlicensed, unregulated, uninsured, faux banking operations. The fact is, "PreyPal" is, in the main, little more than a "merchant of sorts" (PayPal’s own words) operating a credit card merchant account via a real retail bank.

Undoubtedly, Apple Pay, Samsung Pay, Android Pay, et al, will soon enough overwhelm PayPal’s petty and clunky contribution to mobile payments (next time you visit Home Depot, ask the cashier how "Pay Here With PayPal" is going—LOL); methinks Facebook Payments will likely soon bury PayPal in the person-to-person (C2C) payments sphere (David Marcus certainly made the right move); and the new online retail payments offerings direct from the retail banks via MasterCard ("MasterPass") and Visa ("Visa Checkout") will eventually bury PayPal’s online payments operations also—except on the likes of the eBay marketplace where PayPal’s "spin-off" from eBay—a spin-off that Johnny Ho fought tooth and nail against—will go down as the greatest commercial confidence trick of the twenty-first century …

Having said that, it should be noted that, being now into the eighth year of his "three-year turnaround" of eBay, and in the process thereof having brought the eBay marketplace virtually to its knees, the cretinous Johnny Ho is scheduled to remove his destructive capabilities from eBay to the spun-off PayPal, and that being the case, potential long term investors should understand that they invest in either eBay’s or PayPal’s future at their very great peril …

And, you may have noticed that eBay looks like it’s going to take a ~$1.4bn bath on the disposal of its "eBay Enterprise" unit—another of the cretinous Johnny Ho’s brilliant acquisitions …

"Money, not morality, is the principle of commerce …"—Thomas Jefferson.

Demonstrably, that principle applies, in spades, to both eBay and PayPal … http://bit.ly/1nSA1Zl

And, not even the criminal code gets in the way of commerce at eBay Inc. … http://bit.ly/11F2eas

But, don’t worry, in five years time when the current exclusivity agreement between these two unscrupulous commercial entities eventually expires, they both most likely will be by then on their knees. Methinks by that time Carl Icahn will be then applying reverse pressure to get then PayPal’s Johnny Ho to agree to allow eBay to re-buy the dying "PreyPal" operation (for 99c) so that they can both better attempt to continue underwriting each others’ atrophying revenues …

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