Business

PayPal Continues Acquisition Spree, Buys E-commerce Startup Led By Former Obama Campaign CTO

(Forbes) – In the months leading up to its split with eBay, PayPal made two significant acquisitions. The first was the $280 million it laid out for payments technology startup Paydiant, while the second came last month in the form of an $890 million all-cash deal for international money transfer Read More

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Technology

eBay Buckling Under Password Pressure

  (Telegraph) – Victims of the cyber attack against eBay, which saw the personal details of 145m people fall into the hands of hackers, are struggling to reset their passwords as the company’s servers buckle under immense traffic. A British security expert branded eBay’s reaction Read More

Business

EBay, Icahn Settle Proxy Fight

  SAN JOSE, Calif. (AP) — Ebay and billionaire activist investor Carl Icahn have settled their proxy fight ahead of the company’s annual meeting. Icahn and eBay had been in an acrimonious tussle over PayPal, the e-commerce company’s quickly growing mobile payment arm. Icahn, who Read More