EBay Inc. said on Thursday the head of its PayPal unit will leave the Web auctioneer in a surprise shake-up that closely follows Google Inc.’s (GOOG.O: Quote, Profile, Research) unveiling of a rival payment service.
Shares in eBay (EBAY.O: Quote, Profile, Research) fell more than 5 percent to their lowest since 2003 on the departure of Jeff Jordan, 47, once seen as a potential successor to Chief Executive Meg Whitman.
Investors worry about mounting challenges to eBay as Google Checkout takes aim at the same merchants PayPal targets.
“It seems like no matter where you look, there are uncertainties,” said Standard & Poor’s analyst Scott Kessler.
Jordan, who led eBay North America until 2004 after joining in 1999, will leave in the autumn after running PayPal for nearly two years.
Can we solve the #1 Business problem people have today? Yes -- and the answer is simple...
The coffee vending business is your opportunity to cash in on the 30 billion dollar coffee industry.
Millions of people retire in poverty - but it doesnt have to be this way!
Thin Energy is looking for a limited number of motivated business minded people...
World's largest co-ed fitness franchise, Anytime Fitness can leverage its tried and true...
Amazing opportunity for only $500 in an industry that is prime for sales.
Mobile Gaming Revolution offers you the unique opportunity to be the center of EVERY party!
With 2,000 locations open or in development in 15 countries, Snap Fitness is the top choice
ActionCOACH Business Coaches make a difference and create wealth for all parties involved...