PayPal Shares Pop 8.3 Percent Following eBay Split Valuing PayPal At More Than $50 Billion

PayPal_HQ_Campus_Outdoor Everybody expected PayPal (NASDAQ:PYPL) to be worth more than eBay following its split with its parent company (NASDAQ:EBAY), but not that much. After a short period of trading on a “when issued” basis, PayPal is now officially an independent company. On its first day of trading, shares opened at $41.63, 8.3 percent above Friday’s last temporary closing price before its… Read More

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