As reported late last year, eBay will spin off PayPal, separating into two entities. The split will happen sometime in the second half of this year. In preparation for that move, PayPal received its ticker symbol from Nasdaq and will be designated as PYPL. eBay’s newly hired president of enterprise growth at American Express Dan Schulman will become CEO of PayPal. PayPal has handled nearly 18 billion transactions and processed more than $1 trillion in payments to date.
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