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by adventured
4273 days ago
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eBay has most of the profit in the business. PayPal has sales growth, but is nowhere near as profitable as the eBay auction platform. There's no doubt the market wants access to PayPal's growth, but eBay is the profit machine in that relationship. eBay's platform margins are extreme. PayPal will have to become five times larger to equal the profit that eBay spins off. Perhaps they can pull that off, but it's going to take a decade or longer. |
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