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Looks like eBay unloaded PayPal in 2015. Guess this is how long it takes to unwind that relationship.

• GauntletWizard 8y ago
  What a mess that spin-off showed eBay to be, too - At IPO, Paypal's market cap was nearly 150% of eBay's - Meaning that investors valued all of eBay as a 15+ Billion liability on Paypal itself. Given their complete lack of movement since, that's not a surprise.
  • adventured 8y ago
    eBay is worth $37 billion today. They very clearly were not being valued at a negative market cap. There are no examples in recent US stock market history of a large, extremely profitable corporation with a positive balance sheet being valued at a negative market cap. There's a reason for that. The combined unit was suffering a discount. That's precisely why PayPal was separated. If your premise were right, eBay today would be worthless, not trading for $37 billion.
    • jack9 8y ago
      > eBay is worth $37 billion today > extremely profitable corporation Yup, layoffs look like a classic pump and dump to fiddle with the numbers for a sale.
      • hshehehjdjdjd 8y ago
        300 positions is not going to significantly alter ebay’s profitability. It seems more likely to me that this is an occasion to drop a group of low performers all at once, or to make a certain job family redundant.