eBay (NASDAQ:EBAY) reported earnings on Wednesday evening, but that wasn't the big story. Carl Icahn, the billionaire activist investor, has urged the company to spin-off its PayPal unit to unlock value for shareholders.

In this segment of The Motley Fool's financials-focused show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson discuss the earnings and eBay's decision to essentially shoot Icahn's suggestion down.