***eBay Regarding the PayPal Spinoff: Direct from the eBay Inc Blog
Quote: “A global commerce leader with 149 million active buyers, eBay is one of the world’s top 30 global brands and a top 10 retail global brand…eBay has more than 700 million live listings at any given time…Cross-border commerce represents 20% of eBay’s gross merchandise volume and 61% of Marketplaces revenue is international.”
“The “new” PayPal…with more than 152 million active registered accounts. Accounts grew 15% year-over-year last quarter. Revenue over the last 12 months grew by 19% over the prior year period to approximately $7.2 billion….PayPal facilitates one in every six dollars spent online today. Total payments volume over the last 12 months increased by 26% to $203 billion, providing merchants and consumers worldwide a faster, safer way to pay and be paid. PayPal is fully localized in 26 currencies, is available in 203 markets worldwide and has relationships with 15,000 financial institutions. Representative of its global reach, PayPal is the No. 1 payments processor for business to consumer exports for Chinese merchants.”
It seems to us at NobleSpirit, that with such a strong history of company acquisitions for its portfolio, eBay has undoubtedly positioned itself as one of the world’s leading added value aggregators for its shareholders, merchant and consumer bases. With that said, it therefore follows that it would be difficult to differentiate whether growth opportunities are poised to emerge any more profusely as a direct result of a separation or whether their joint trajectories would have continued on the same path regardless. Nonetheless, there are some very clear indicators to suggest that in either case (separation or not), there are factors present that make each of their respective futures (eBay and PayPal) bright indeed.
Devin Wenig, eBay’s new CEO represents the personification of true leadership. He will excel as a forward thinking innovator, in a company he is clearly extremely passionate about. There couldn’t possibly be a better choice than Dan Schulman, to head PayPal, with the latitude he would require as CEO to optimize global payments to its fullest potential.
***Did you say China?
If you said China, the answer is NobleSpirit this week on eBay. Linns stamp news reported on a great story this morning referencing an amazing discovery of China #6 multiple in a local auction in the Cotswold’s, England that was estimated at £800 to £1,000. The property of a missionary who used these 125 years ago for postage, the lot was purchased for £79,000 and in our estimation may be worth as much as £750,000 to £1,000,000.00 or more. We don’t think we can equal that particular experience this week; however, we can confirm that we have numerous completely unsearched China lots listed that are completely unsearched and may in fact yield countless hidden treasures. Please review all our China lots very closely for issues and cancels.
US classics are in abundance. Individually, in sets and intact collections. You will no doubt love the blue chip key issue classics such as top of set values, strong back of the book, and countless cancel varieties.
***US Postal History
As we continue to unravel this giant postal history collection, you should be aware of the vast quantities and areas of interest that present themselves. US classics, Confederates, countless incredible Air Mail specialized areas of every description from Zeppelins to CAM and FAM very early flights, possessions, important APO’s, stampless and much, much more.
***The Room Full
Our consignor from Japan sent us his room full of stamps. He said, “…Let’s give someone the opportunity to buy it as a whole…If it doesn't sell due to its size and magnitude (approximately 700-900 plus pounds sheer weight to ship in numerous cartons), then you can break it into relevant lots”. Consider this a most desirable window of opportunity for someone that will open unexpectedly sometime the middle of next week.
The Noblespirit Team