As PayPal split looms, what's next for eBay

April 22, 2015 9:37 PM

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EBay says it is working to stabilize its marketplaces business as it moves to spin off its PayPal division later this year.

The San Jose, California, company on Wednesday reported first-quarter net income that beat expectations as continued strong growth in its PayPal payments unit offset the impact of the stronger dollar. A stronger dollar cuts into revenue generated overseas when it's translated back into dollars.

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