eBay says it is buying Braintree for $800 million


eBay(s EBAY) is buying Braintree, a Chicago-based payment platform for approximately $800 million in cash, the company announced this morning. “Braintree is a perfect fit with PayPal,” said eBay CEO John Donahoe. Braintree, started in 2007 is used by companies such as Airbnb and Uber for accepting payments and is said to be processing a total of $12 billion in payments annually. Founded in 2007, it has raised $69 million in outside funding from Accel Partners, NEA, RRE Ventures and Greycroft Partners. Techcrunch had originally reported on the talks between Paypal and Braintree.

PayPal plans to be in more than 2,000 Home Depot stores by March

PayPal has said this year will be a learning year as it rolls out its in-store payment system. But that doesn’t mean it will all be small pilot programs this year. A company spokesman told Bloomberg that it expects to be in more than 2,000 Home Depot stores by March.

eBay’s Crossroads: Turn Around or Break Up

The thing about corporate turnarounds is that they’re supposed to turn a company around — as in 180 degrees — not stop halfway and let the company drift sideways. But something like that is happening to eBay: Its long, slow turnaround is, well, turning flat.

Yahoo Olympics Site Surpasses NBCOlympics.com in Traffic

Yahoo (s YHOO) just sent us a gloating press release letting us know that its Olympics web site has been getting more traffic than either NBCOlympics.com or ESPN.com. The site saw 9.3 million unique visitors from February 8-14, according to comScore numbers quoted by Yahoo. NBC’s (s GE) Olympics site attracted 6.5 million unique visitors during the same time period, and ESPN clocked 8.4 million uniques.

Granted, measuring Yahoo’s Olympics site against NBC’s web property is like comparing apples and oranges. There’s a big difference in the content offered by the two sites: Yahoo mostly offers catch-up videos and analysis, whereas NBC Olympics actually makes it possible to tune into the games in real time. However, Yahoo Olympics has a huge advantage by being associated with the fire hose that is Yahoo.com, where stories about the Olympics have been featured prominently ever since the games began.

And there’s another reason NBCOlympics isn’t getting as much traffic as it could: NBC’s decision to restrict live streams to cable, satellite and IPTV subcribers and to limit its coverage to 400 hours of live video. Broadcasters in other countries have been far more aggressive, transmitting as much as 2,000 hours of live coverage online, without any of the hoops through which NBC Olympics users have to jump.

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eBay’s Turnaround Is in Jeopardy — What Now?

What happens when your turnaround takes an about-face? Although eBay CEO John Donahoe has implemented changes to drive new business in the company’s core marketplace division, it’s looking like he needs to come up with some additional new ways to bring consumers back to the site.

Citigroup: eBay Still Has Plenty to Prove

imagesAs eBay (s ebay) tinkers with its e-commerce site, CEO John Donahoe has been making the case that the company is turning around. But as we’ve noted, while some of the changes look encouraging, it’s not clear whether enough buyers are returning to the site. Today, Citigroup analyst Mark Mahaney expressed similar concerns, noting that while he’s “incrementally more positive” about the company after meeting with executives, he sees “sustained declines in online traffic to the site as a clear negative.” Read More about Citigroup: eBay Still Has Plenty to Prove

Is John Donahoe Finally Turning eBay Around?

Is any tech CEO more reviled by his or her own customers than eBay’s (s ebay) John Donahoe? In online forums, sellers seethe about the higher fees and site changes he’s implemented. They write and sign petitions calling for his ouster. Even eBay employees voted him onto Glassdoor.com’s “Naughty List” of CEOs with the highest disapproval ratings.

But while just a few months ago, Donahoe seemed destined to steer the e-commerce giant into irrelevance, a consensus is now starting to emerge that he may instead be turning it around. Read More about Is John Donahoe Finally Turning eBay Around?

What’s It Going to Take to Fix eBay?

In November 2004, eBay’s stock was trading near an all-time high at $56 a share, having risen sixfold in a little less than four years. This month, shares were trading below $10. eBay needs a fix, but there aren’t a lot of easy options before it.