eBay’s CEO sat down with CNBC to provide an update on eBay’s separation from PayPal. Donahoe highlighted the strengths of the future businesses and growth prospects.
“We think we’re going to be creating two great companies with eBay and PayPal. PayPal will be a fast-growing company in a very dynamic payments market. eBay Marketplaces is a great business. It’s got $80B in volume, 150M consumers around the world and is growing at 5%. As a standalone company, it offers a very attractive value proposition for investors.”
He also explained his role in the separation process and his decision to step back as CEO.
See John’s full interview here.