When eBay announced that PayPal would be spun off into a separate company in September 2014, stock markets applauded the decision and the company’s share price soared.
Spinning off PayPal, which was responsible for most of eBay’s revenue growth recently, was supposed to give the payment provider more flexibility to navigate a rapidly evolving market space in order to stay on top of the online payments industry in the face of intensifying competition.
After the spin-off was completed on Friday, PayPal started trading on the NASDAQ on Monday morning. The company's valuation, just shy of $50 billion, confirmed that those who argued that PayPal was the more valuable part of eBay’s business were actually right. Today’s chart illustrates how PayPal measures up against other big names in the tech industry in terms of market capitalization.
This chart shows the market capitalization of selected U.S. tech companies on July 20, 2015.
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