So eBay is splitting out PayPal after having owned it for twelve years.
Many of you have asked me what I think: I think it's great! PayPal always had a huge vision - an early slogan was "the new world currency" - and although there was definitely a fit within eBay, it always felt that restricting PayPal to "just" auction settlement was closing down on that vision. It might be too late to unlock all of the potential; the world of online payments has changed a lot in the intervening time, and it's possible PayPal could have been an even bigger player if left on its own.
Anyway it's a good thing - for both companies - and will be exciting to watch!