The long-awaited spin-off of PayPal Holdings Inc PYPL 3.59% by eBay Inc EBAY 0.07% finally took place at the end of last week. Now that PayPal is its own entity, the company can take its rightful place among the tech giants of the market.

Unlocking Value

Many eBay shareholders have been anticipating the PayPal spin-off ever since it was announced back in September of 2014. The market applauded the decision to unlock the full value of PayPal by driving up eBay’s share price following the announcement.

Valuation

When shares of PayPal started trading on the Nasdaq on Monday, the company’s market cap confirmed…

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