The rise and rise of eBay and PayPal
July 27th, 2010 by JodiGlobal ecommerce and on-line payments leader eBay has reported a 6% revenue rise in the second quarter of the year to $2.2 billion, compared to the same period last year. The company stated that eBay business was growing in Europe, steady in Asia, but slower than expected in the US.
The company’s PayPal business delivered record second quarter performance. PayPal added a million new accounts each month during the quarter.
John Donahoe, eBay President and CEO is reported as saying: “We delivered strong second quarter results, demonstrating the global strength and increasing diversity of our business. PayPal is strong and getting stronger, building a robust and innovative global footprint serving all of ecommerce.”
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