eBay reported second-quarter earnings of $283 million, or 22 cents a share, on revenue of $2.76 billion.
Overall, PayPal is carrying eBay. PayPal delivered its first $1 billion quarter and had 100.3 million registered accounts, up 15 percent from a year ago.
Note, that this growth happened during one of the worst recessions in American history. This would make Croesus proud. The business model he invented in the 6th century BC continues to work like a charm.
tags: money, business, model, commerce, system, deontic, payload, transfer, economics