L2 Founder and Chairman Scott Galloway spoke on Bloomberg TV today about the PayPal and EBay split. Galloway said dividing the company into two separately traded entities will unleash huge potential for both, especially “crowned jewel” PayPal. EBay has been an underperformer, growing just 1.9% per year in the past ten years. Meanwhile, PayPal is an overperformer with dominance few companies have been able to achieve. Despite the hype of mobile payments putting PayPal out of business, nobody has come close. See full video here.
L2 emails keep you up to date on how brands are leveraging digital to grow their businesses.
Join Our EMail List