PayPal Valued at $52 Billion For Market Return

PayPal Valued at $52 Billion For Market Return

After more than a decade of being part of eBay Inc. , PayPal will return to the stock market as an individual company. Shares of PayPal (PYPL.O) jumped up 11% in value as people anticipate the company’s return to NASDAQ. With that rise, and adjusting for market stabilization, PayPal is now valued at about $52 Billion. Online payments have changed considerably since 2002 when eBay acquired PayPal, and the popularity of PayPal has lead to a relationship that hinders the potential of PayPal. Processing over $235 billion in 2014, PayPal handles some massive transaction volume on a daily basis,....


Related News

Blockstream Raises $210 Million, Now Valued At $3.2 Billion

Bitcoin infrastructure firm Blockstream is now valued at $3.2 billion after a $210 million Series B raise.

Bitcoin Price Rises Thanks to PayPal Bitcoin Announcement

Bitcoin has rebounded from its recent low largely thanks to a PayPal Bitcoin announcement made earlier today. The PayPal Bitcoin announcement highlighted PayPal going a step further towards accepting Bitcoin by partnering with BitPay, Coinbase, and GoCoin in order to allow PayPal's digital goods merchants to accept Bitcoin as payment. This news resulted in the price moving from around $395 to over $450 within hours. PayPal Bitcoin Announcement a Long Time Coming. The decline in the Bitcoin price brought with it fear, speculation and an opportunity for miners and investors alike. The....

Paypal Shuts Down in Greece - Bitcoin Still Operates

As if everything to do with money is not bad enough, Greeks no longer have access to their PayPal accounts, reports Quartz. Capital controls imposed by the Greek government mean that Greek citizens can only withdraw 60 euros (effectively 50 euros after ATMs have run out of 20 euro notes) and online payment service, PayPal, has been left crippled, as a result. PayPal relies on the traditional banking sector and credit card industry for all its transactions to flow. Announced by a PayPal spokesman today: Due to the recent decisions of the Greek authorities on capital controls, funding of....

Bitcoin flippens Russian ruble after Tesla purchase

The crypto asset's market capitalization has also overtaken Tesla's again, following an overnight price surge. After hitting a new all-time high of more than $48,000 earlier today, the market capitalization of Bitcoin has surpassed the total market cap of the Russian ruble. According to data from AssetDash, Bitcoin’s market cap is $871 billion at the time of publication. This exceeds the money supply of the Russian ruble, which as of January was estimated to be 58.6 trillion RUB, currently valued at roughly $791.1 billion. The crypto asset has also overtaken Tesla Motors in market....

Bitcoin at $15K is now bigger than PayPal, Coca-Cola, Netflix, Disney

Bitcoin surged from $190 billion to around $280 billion in recent months, surpassing some big-name companies, including banks, by market capitalization. In early September of this year, the market capitalization of Bitcoin (BTC) was hovering at around $190 billion when the BTC price was hovering around $10,000.In the past two months, however, the price of Bitcoin rose from to over $15,000. With it, the market cap of Bitcoin surged from $190 billion to around $280 billion. This now makes Bitcoin more valuable than most major U.S. companies.The weekly price chart of Bitcoin. Source:....