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PayPal to trade on Nasdaq after eBay split


San Jose, Calif. – In one more sign the long-discussed eBay-PayPal split is really on its way, PayPal has announced it will trade on the Nasdaq stock exchange under the symbol “PYPL” once it is spun off from parent company eBay. PayPal was initially founded as an independent company in 1998 and joined eBay in 2002.

PayPal intends to become a platform for a world in which all commerce is performed digitally.

We’ll become an everyday part of people’s lives by continually making it faster, simpler, and safer to manage and move money,” Dan Schulman, PayPal president and CEO designee, said in a post on the PayPal blog. “We’ll deliver capabilities, services, and platforms that are technology and payment agnostic, so that our solutions work the way our customers want and need them to. We’ll provide tools that enable developers and innovators to build next generation apps and invent new business models. We’ll be the comprehensive solution partner that merchants around the world rely on to thrive as they reach for their own vision of success.”

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