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EBay's PayPal Unit to Double Revenue by 2013, Executive Says - Shares Up 7%

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Uploaded by on Feb 10, 2011

Shares of EBay (EBAY) are higher after Bloomberg reported that Ebay President Scott Thompson said that the company's PayPal unit would double its revenue to $6 billion to $7 billion by 2013.

The comments came at a meeting today with analysts.

EBay shares are up 7.26%, or $2.32, to $34.27.

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  • PayPal & eBay are EVIL! I think Google will steal the online auction business away from them, and hopefully soon!

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