Icahn's New Target

By Chris Hill – Jan 23, 2014 at 7:21PM

NASDAQ: EBAY

eBay

Market Cap

$27B

Today's Change

(0.61%) $0.31

Current Price

$51.25

Price as of April 23, 2024, 4:00 p.m. ET

Carl Icahn makes a very loud demand of eBay, but the online auctioneer isn't listening.

In this video from Thursday's Investor Beat, host Chris Hill and Motley Fool analysts David Hanson and Taylor Muckerman dig into the biggest stories for Foolish investors from the market today.

eBay (EBAY 0.61%) reported its quarterly numbers today, with fourth-quarter revenue up 13%. This news, however, was overshadowed by well-known billionaire activist investor Carl Icahn, who owns a 0.82% stake in eBay, who publicly demanded that the company spin off its PayPal business in order to create value for shareholders. In the lead story in today's Investor Beat, the guys discuss Icahn's motivations here, why eBay turned him down, and whether or not spinning off PayPal would actually make sense today.

Chris Hill owns shares of eBay. David Hanson has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool recommends eBay. The Motley Fool owns shares of eBay. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.