Good news on the Paypal front. eBay didn’t renew their deal with PayPal. They’re going with Ayden, the European processing company. Should be integrated into the site.
There are no examples in recent US stock market history of a large, extremely profitable corporation with a positive balance sheet being valued at a negative market cap. There's a reason for that.
The combined unit was suffering a discount. That's precisely why PayPal was separated. If your premise were right, eBay today would be worthless, not trading for $37 billion.
> extremely profitable corporation
Yup, layoffs look like a classic pump and dump to fiddle with the numbers for a sale.