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.”
It is a good to know. Many people have been talking about abandoning paypal if this were to happen.
I have to agree with Truck Accessories. Many people would abandon paypal if this would happen.
that’s right,any people would abandon paypal if this would happen.
Paypal has to go for IPO to get them higher in IM.
work at home
If this happened, I would hate paypal and move on to alertpay.
Beat Creator
it’s a good choice, not every company should IPO.
Pairing with eBay is wha allowed Paypal to get to where they are today. It is a wise move to maintain that relationship.
It is the decision of paypal to go for IPO or not but it should go for the best choice and not stick with their own concepts.
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Is Paypal a partner with Groupon? That would help boost it’s growth you think?
CHeers
It is the decision of paypal to go for IPO or not but it should go for the best choice and not stick with their own concepts.
paypal is working just great the way it is now.. hopefully any changes, if they do occur, won’t bring problems..
Make My life to easy to shopping..