Today eBay announced that it has nearly completed its spin-off of PayPal.
PayPal is expected to begin trading on July 20 under the symbol PYPL on the Nasdaq. In the announcement, eBay noted that in 2014, PayPal processed $235 billion in transaction volume, handling one billion mobile transactions. In total, PayPal raked in $8 billion in revenue last year.
[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":1758544,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,","session":"A"}']EBay first announced plans to spin off PayPal in September of last year.
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