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PayPal taps mobile chief Marcus as next CEO
Question of the Day
SAN JOSE, CALIF. (AP) - PayPal’s mobile unit chief will become the online payments service’s next CEO.
Marcus‘ leadership should help PayPal continue to expand its mobile reach. Recently, it unveiled a service that lets small businesses from coffee shops to plumbers accept credit cards using a small triangular card reader attached to a smartphone.
PayPal, which is owned by eBay Inc., has been thriving recently, becoming the fastest-growing part of eBay, which had its roots as a pioneer of online auctions. Marcus is taking PayPal’s helm as the company looks to grow beyond online payments to brick-and-mortar stores and everywhere else people shop. It is currently testing a program that lets people use their PayPal accounts to pay at Home Depot stores.
Thompson, meanwhile, took on a more difficult job at Yahoo, joining the company at a time when it’s struggling with revenue declines, tough competition and other problems left behind by previous CEOs who couldn’t turn things around.
Shares of eBay slid 33 cents to $36.91 in midday trading Thursday.
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