PayPal COO Responds to Company's Break-Up with eBay

PayPal posted better-than-expected results, but news that eBay is abandoning the company in favor of a smaller European competitor caused the stock to fall. Bill Ready, COO of PayPal, joined us to explain why he thinks investors are misunderstanding the news. Ready says PayPal will retain a majority of eBay’s volume with the deal it did for PayPal branded checkout. He also said the primary part of PayPal's business was actually expanded with eBay. Ready added that investors may be getting it wrong because this kind of news takes time to digest. EBay explained that its decision to integrate Adyen's payment processor would result in lower costs and more control for its merchants. Ready responded by highlighting all the long-term partnerships the company has with Airbnb, Facebook, Google, Apple, and Uber. Venmo has been a solid source of growth for PayPal, processing $10.4 billion in payments in just the fourth quarter. Ready said that now more than 2 million retailers are able to accept payments from Venmo. Many people have said Apple Pay Cash is going to be a Venmo-killer. Ready said the rush of competitors into the digital payments space hasn't stopped Venmo's business from accelerating.

More In Business

Black Friday Ahead: What Shoppers Need to Know About Inventory, Prices, and Promotions

Retailers face tariffs and cost challenges this holiday season. Wells Fargo's Lauren Murphy shares insights on pricing, promotions, and shopping trends.

Love Without Limits: The App Making Dating Accessible for All

Dateability, founded by sisters Jacqueline and Alexa Child, is the only dating app for disabled and chronically ill communities, fostering love without limits.

Inside Musk’s $1 Trillion Payday After It Gets Green Light from Tesla Shareholders

Becky Peterson, Reporter at The Wall Street Journal, explains Tesla shareholders approving Elon Musk’s historic $1T pay package and what it means.

From Boom to Bust: Understanding Crypto’s Volatile Market Swings

Andy Baehr, Head of Product at CoinDesk Indices, breaks down crypto’s Black Friday crash, Bitcoin dipping under $100K, and what’s driving the market rout.

Standing for Our Heroes: How Born Primitive Is Erasing Veteran Medical Bills

Bear Handlon, CEO of Born Primitive, shares how his brand Born Primitive is eliminating millions in medical debt for U.S. veterans and changing lives.

From Cloud Growth to AI Dominance: Matt Calkins Discusses Appian’s Outlook & the U.S. AI Regulatory

Matt Calkins, CEO of Appian, breaks down the latest earnings, enterprise‑AI boom, stock signal and what U.S. regulation means for the next wave of AI.

Air Travel in Turbulence: When Will Flights Return to Normal?

Chris Marquette of POLITICO breaks down how the FAA is cutting flights and facing a critical shortage of air‑traffic controllers amid the government shutdown.

Diving Deep for Green Energy: Sizable Energy’s Undersea Solution With Dr. Manuele Aufiero

Dr. Manuele Aufiero, CEO & Co‑Founder of Sizable En a groundbreaking undersea energy‑storage technology powering the global shift to clean, scalable power.

ServiceNow Earnings Soar: Stock Split and Enterprise AI Surge with Paul Fipps

Paul Fipps, President of Global Customer Operations at ServiceNow, breaks down the company’s earnings beat, 5‑for‑1 stock split and booming enterprise AI demand

Big Business This Week: Whatever happened to free markets?

America during Donald Trump’s presidency has embraced interventionist economic policy in a way not seen since FDR’s New Deal.

Load More