Ebay purchased PayPal back in 2002 for $1.5 billion dollars and brought it under the Ebay banner. Fast forward 13 years and Ebay has decided that maybe letting PayPal function on its own and return to being a publicly traded company might be beneficial for everyone. PayPal was listed once again on the NASDAQ stock exchange and after a couple days of trading has seen its value soar up bringing PayPal's value up to $52 billion. Ebay's stock has dropped a bit since the split, but overall it looks like Ebay has probably made the right move and is benefiting financially from it. Reuters has more on this story.
PayPal Holdings Inc shares jumped as much as 11 percent in their highly anticipated return to the Nasdaq after more than a decade in eBay Inc's fold, valuing the digital payment processor at about $52 billion.
PayPal is a giant in the market it helped create - it processed 4 billion payments totaling about $235 billion in 2014. But the online payments landscape has changed drastically since the company was snapped up by eBay in 2002.