PayPal split

Shares of Amazon.com, Inc. (NASDAQ: AMZN) were lower by 2.21 percent late Thursday morning while shares of eBay Inc (NASDAQ: EBAY) plummeted more than 7 percent. ChannelAdvisor reported that Amazon’s September same-store sales slowed to 19.2 percent from 24.7 percent in August while eBay...

On Tuesday morning, eBay Inc (NASDAQ: EBAY) announced it will separate PayPal from the company next year. Shares of eBay opened more than 7 percent higher, making millions for prominent shareholders like Carl Icahn, Yacktman Asset Management and Fir Tree Partners. The split is expected to...