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Did eBay Know Just How Big PayPal Would Be?

In the following video, Motley Fool analyst Brendan Byrnes sits down with Maynard Webb, former COO of eBay (NASDAQ: EBAY  ) and author of Rebooting Work: Transform How You Work in the Age of Entrepreneurship.

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Brendan Byrnes: And let's talk about when you were at eBay. They purchased PayPal actually, turned out to be an incredible acquisition for them; PayPal now being the primary driver of growth. Did you have that sense when you were at eBay that it was going to be such a success?

Maynard Webb: We love PayPal and we knew it was going to be big. We actually had debates and a lot of jokes over whether this was going to be bigger than eBay at the time but I would just say that we're very pleased with where it's been and better than we had hoped for.

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  • Report this Comment On February 01, 2013, at 2:29 PM, MrArbitrage wrote:

    I don't know if ebay knew how big PayPal would be but I certainly did.

    "I believe EBAY is preposterously cheap. They have had some challenges but Ebay is a cash flow machine that will do well during economic travails.

    At the current $12.00 stock price, $15 billion market cap, 8 x earnings multiple – I think it is selling for less than what PayPal itself is worth in a rational market. (Ebay owns PayPal of course; so in my mind, you are getting one of these great companies for free with the purchase of a share)."


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