
PayPal president Scott Thompson is happy to be part of eBay!
At the PayPal X conference in San Francisco, PayPal president Scott Thompson confirmed once more that the San Jose, Calif.-based company has no plans to go IPO anytime soon. “We’re happy to be part of eBay, and I don’t believe that it’s likely to change anytime soon!”
More on eBay-PayPal synergies:
“We have nothing on that front to announce. And in fact, as we’ve said in other occasions, nobody that I know of inside of eBay or PayPal is working in any such strategy… There’s a long long runway of synergies left for these 2 businesses [eBay and PayPal] to enjoy together,” says Thompson.
“The one that Bob Swan [eBay CFO] commented on on our earnings call last week was the growth of our credit business, the BML [Bill Me Later] business inside of PayPal and using the strength of the eBay balance sheet in order to fund that growth in receivables and that is a powerful synergy for both businesses: putting the capital they generate to work to help us grow that part of our business and a very profitable part of our business.”
Posted by TechPulse 360 




To end the slew of tech announcements coming out this week (read prior post), Samsung is hosting on Thursday, its second annual GREENovation event.
San Francisco this Wednesday will be the battleground of the tech news world… again!
Meanwhile, a few blocks away, Logitech will show off the very first Google TV box at the Clift Hotel. The Revue, as it is called, started shipping last week to retailers including Best Buy and will cost $299. Logitech expects to ship over 500,000 units before 2010 is over!
