For years, we’ve had to lump eBay and PayPal into a single listing in the Worst Company In America brackets. But next year, these two big brands might have the chance to square off against each other for the title, as eBay announced this morning that it is spinning off PayPal into its own publicly traded business. “Creating two standalone businesses best positions eBay and PayPal to capitalize on their respective growth opportunities in the rapidly changing global commerce and payments landscape, and is the best path for creating sustainable shareholder value,” reads a statement from eBay about the conscious uncoupling. eBay acquired PayPal in 2002.

 

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