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Monday, May 6, 2013

EBAY: PayPal is looking at ways to use Bitcoin, eBay...

9:31 AM PayPal is looking at ways to use Bitcoin, eBay (EBAY) CEO John Donahoe tells the WSJ. "It’s a new disruptive technology ... There may be ways to enable it inside PayPal." The comments appear responsible for a 32% jump in the volatile virtual currency's price to $122.90. Given the total value of outstanding Bitcoins is still only around $1.3B, and PayPal's total payment volume for Q1 was $41B, Bitcoin is unlikely to move the needle much near-term. But PayPal's support for the currency would give it some legitimacy, and give PayPal some good PR as it tries to fend off hungry upstarts. Read comments

EBAY price at time of publication: $54.18. Check EBAY price now »

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Focus Articles on EBAY

Did eBay's Revenue Growth Foreshadow An End To Amazon's Growth Decline? by Ryan Macumber
PayPal And GSI Are eBay's Trump Cards by Bram de Haas
eBay: A Compelling Buy On Recent Weakness by Philip Saglimbeni

Press Releases on EBAY

eBay Inc. Reports Strong First Quarter 2013 Results (Business Wire)
eBay Inc. Expects to Enable $300 Billion of Global Commerce in 2015 (Business Wire)
eBay Inc. Reports Strong Fourth Quarter and Full Year 2012 Results (Business Wire)

Transcripts on EBAY

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YHOO: Alibaba is aiming for a "more conservative...

9:16 AM Alibaba is aiming for a "more conservative valuation" for its IPO than the one Facebook obtained, so as to avoid a similar post-IPO flop, Bloomberg reports. That might mean a $100B IPO valuation is out of the picture, but even a $70B valuation would result in the e-commerce giant trading at 32x Morgan Stanley's 2013 earnings estimate of $2.18B. Nonetheless, given Alibaba's rapid growth (MS sees rev. growth of 59% in 2013 and 44% in 2014), that's something investors could be willing to stomach. YHOO -0.3%. (Reuters analysis) Read comments

YHOO price at time of publication: $25.07. Check YHOO price now »