Barron's Looks at eBay...and PayPal
Barron's this weekend has a cover story on eBay looking into the recent decline in the price of the company's stock.
As is often the case in stories about eBay, PayPal is mentioned as one of the key growth engines for eBay.
Another wild card for eBay's growth rate will be the ability of PayPal to spread beyond eBay to become a commonly accepted payment mechanism for online commerce.It's making headway. Payment volume grew 44% in the first quarter, while total accounts increased 57% to 71.6 million.
There are more PayPal accounts now than there are American Express or Discover accounts.
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