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eBay spins off PayPal as a separate company former American Express boss takes its wheel

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eBay is spinning off PayPal into a separate company as it believes there are a lot more opportunities to seize that way. The PayPal spinoff will allow it to refocus and grasp new possibilities in the online payment sector. Former American Express CEO is going to be in charge of PayPal and he’s joining eBay starting today as President and CEO-designee. According to eBay stats, PayPal is responsible for the transfer of 1 out of every 6 dollars spent online. PayPal’s revenues have marked a growth of 19% last year, which is twice as big as eBay’s. Annual revenue of PayPal is estimated at $7.2 billion, whereas eBay’s is $9.9 billion. The internet payment system is available in 203 markets worldwide and has handled 1 billion online payments thus far this year. The separation of the two companies is expected to finish in the second half of 2015.

iOS 7 Powers 52 Percent Of North American iDevices

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It looks like adoption of iOS 7 is continuing to rocket. According to new data from Chitika, one week after its launch the new mobile OS is powering an impressive 52 percent of North American iDevices. More precisely, 51.8 percent of North American Web traffic analyzed by Chitika on Wednesday, Sept. 25 was attributed to an iOS 7-powered iDevice (see above). As such, iOS 7 adoption is continuing to outperform that of iOS 6: last year, seven days into the availability of iOS 6, Chitika notes that a lesser 47.0 percent of iDevice users had upgraded to the new operating system. The first 48 hours. Adoption of iOS 7 overtook that of Android’s latest Jelly Bean update in a matter of hours, and it wasn’t long before more iDevices were running iOS 7,rather than iOS 6. In a recent press release, Apple confirmed that more than 200 million iDevices are now running the seventh iteration of its iOS, making iOS 7 the fastest software upgrade in history. In the same press release, the C...