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

Neither of these two clunky operators, eBay or PayPal, has much future; certainly not PayPal once the sham “spin-off” arrangements between these two eventually expire. And, even without the destructive guiding hand of the ex Bain cretin, Johnny Ho, the eBay marketplace will most likely 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 reality is, 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 against tooth and nail—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 …

“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.”

The “smart money” on Wall Street has valued the eBay marketplace at ~$25. How’s that compare with Amazon’s current price of ~$440 …

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

Demonstrably, that principle applies 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 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