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.

David Hanson has no position in any stocks mentioned. Matt Koppenheffer has no position in any stocks mentioned. The Motley Fool recommends eBay. The Motley Fool owns shares of eBay. Try any of our Foolish newsletter services free for 30 days. 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.