eBay Announces Split From PayPal, Will Become Separate [...]

eBay Announces Split From PayPal, Will Become Separate Companies in 2015

📅 October 2, 2014 - Online auction company eBay announced on Tuesday plans to separate its PayPal division into its own company sometime next year.

According to a press release, separating the companies will allow both to “capitalize on their respective growth opportunities” in their markets, creating “sustainable shareholder value.”

“A thorough strategic review with our board shows that keeping eBay and PayPal together beyond 2015 clearly becomes less advantageous to each business strategically and competitively,” stated eBay CEO John Danahoe. “The industry landscape is changing, and each business faces different competitive opportunities and challenges.”

The company also announced that current eBay Marketplaces CEO Debin Wenig will become the new chief executive of the “new eBay.”

PayPal's tax-free split is expected to be complete in Q2 of 2015.

Reads: 1826 | Category: General | Source: TheHN : The Hosting News

Want to add a website news or press release ? Just do it, it's free! Use add web hosting news!

Other news

📅 Oct 2, 2014 - DE-CIX Frankfurt to Operate World’s Largest IXP Node - , the world's leading Internet exchange operator headquartered in Frankfurt am Main (Germany), announces today it has upgraded its flagship Apollon Internet exchange in Frankfurt with powerful new 7950 XRS-40 routing systems from Alcatel-Lucent. The XRS-40 system combines two XRS-20 chassis back-to-back. This will allow DE-CIX to aggregate more customers on a single edge router and to keep Internet exchange (IX) traffic local within the data center. This will also reduce the amount of traffic that needs to be routed through the Apollon core nodes, which are based on XRS-20 platforms, keeping latency low and data flow manageable in a marketplace that is growing rapidly.

This installation by

📅 Oct 2, 2014 - Edgewebhosting Inc. Named to CRN Fast Growth 150 List - Edgewebhosting Inc. a leader in highly available managed cloud hosting and dedicated server hosting services, announced today that it has been named to the 2014 CRN Fast Growth 150 list. The Fast Growth 150 list recognizes those solution providers that have been the fastest growing over a two-year period based on gross revenue from calendar year 2011 to calendar year 2013. These solution providers have demonstrated exceptional business finesse in order to thrive despite a turbulent IT economy.

“The solution providers recognized in CRN's Fast Growth 150 list have successfully navigated the industry's economic upheaval and have adapted their businesses and grown despite the significant change

📅 Oct 1, 2014 - Hackers Charged With Stealing More Than $100 Million In Data From Microsoft and U.S. Army - Four hackers have been charged with breaking into Microsoft and the U.S. Army's computer system, stealing more than $100 million in “intellectual property.”

According to The Guardian, the four men reportedly stole simulator software for the Boeing Apache helicopter form the Army's networks, Xbox technology, and various pre-release copies of games such as Call of Duty: Modern Warfare 3 and Gears of War 3.

The Department of Justice noted that two of the hackers, 22 and 28, plead guilty earlier today to conspiracy to commit computer fraud, copyright infringement, wire fraud, mail fraud, identity theft, and theft of trade secrets, Ubergizmo reports.

“These were extremely sophisticated hackers

📅 Oct 2, 2014 - Scammers Use “Most Dangerous Celebrities” as Click Bait to Fool Consumers - Better Business Bureau is warning consumers about the “Most Dangerous Celebrities” whose names and photos are most often used by scammers as click bait. BBB is joining with security technology companyMcAfee in alerting consumers about the problem of click baiting and how to avoid it. Today McAfee released the list of the top ten “Most Dangerous Celebrities.” Talk show host Jimmy Kimmel topped the list.

What is Click Baiting?

“Click baiting” is a way to get someone's attention online. Many advertisers use it, but so do scammers. They engage with potential identity theft victims by offering something that is too intriguing to ignore: messages claiming new videos, “shocking” information or sc

📅 Oct 3, 2014 - Augusoft Celebrates Its 20th Anniversary - Today Augusoft® Inc, the creator of the first continuing education SaaS enrollment management solution, Lumens, announced the twentieth anniversary of the company's founding.

Augusoft, originally called August Enterprises, was founded October 3rd in 1994 by Cem Erdem a Turkish American immigrant. The boot strapped start-up was the first company to create a continuing education software which embedded an online shopping cart feature so students could purchase in-person classes anytime, anywhere through the Internet. That software called Lumens also was the first educational enrollment and class management software to have all of its features/functionality stored on the Internet cloud. Today,

📅 Oct 3, 2014 - Protocol Insight Announces Protocol Conformance and Debug Analysis Tools for MIPI® Universal Flash Storage (UFS) - Protocol Insight today announced that they will be demonstrating the new conformance and debug analysis capabilities of their UFS Test Suite at the upcoming MIPI® Alliance meeting in Shanghai, China on October 9th, 2014.

Universal Flash Storage (UFS) memory is designed for embedded and removable flash-based storage in mobile devices and systems requiring high performance and low power consumption. The UFS standard was developed by JEDEC, and is based on the MIPI® M-PHY physical and Unipro® protocol layers. UFS offers a low active power level and a near-zero idle power level, which, combined with the power-saving attributes of the related MIPI specifications, allows for significant reduction