David Rosenthal: evaluation

Transcript context

…His pre PayPal resume? Yeah. I believe, I could be wrong in this, and that he said he had a computer science degree and it turns out he didn’t have a college degree at all. Yeah, it was a whole big controversy and then ended up in Marissa Mayer afterwards coming to Yahoo! After him, David Marcus, who had actually come to PayPal from the acquisition of Zong which was a payments company that he had founded, was the next president and he is now running Facebook Messenger. Interesting. Yeah, and then PayPal remains part of eBay for 13 years during which sees meteoric growth and then in July 2015, as mentioned, eBay under shareholder pressure from Carl Icahn spins off PayPal into once again a separate standalone publicly traded company. When they do, PayPal is worth at the time, when it begins trading, about 1 ½ times the value of eBay. So it is significantly more valuable than all of eBay. Today, PayPal has about a $46 billion market cap as a public company. The question we’re here to address today is: was it a good decision for eBay to pay that call it $1.3 billion to in-house PayPal given where they are today?…

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