Schulman (and Carl Icahn) are both delusional ...

“PayPal has been held back by eBay”?—LOL—Let’s see how much eBay has held “PreyPal” back when and if, in the most unlikely event, eBay allows competing payments processors onto the eBay marketplace, or heaven forbid, eBay ever removes “PreyPal” as a payment option from its marketplace …

“He also offered reassurance to those who might be worried about the threat Apple Pay could pose to PayPal.”—LOL—I’m not an Apple fanboy but I have no doubt that Apple Pay will hurt PayPal “mobile”; but, ultimately, “PreyPal” will be buried alive by the likes of the new Samsung Pay / MasterPass / Visa Checkout operations, in association with the world’s retail banks …

“… with one billion of its four billion transactions in 2014 coming from mobile.”—PayPal has elsewhere already admitted that their ongoing attempts at breaking into “mobile” payments have not been successful and yet Schulman is here claiming that “mobile” transactions represent one-quarter of PayPal’s total transactions …

“brand that consumers trust”—LOL—Google search “PayPal horror stories” …

“customer service”—LOL—Google search “PayPal horror stories” (again) …

“regulatory compliance”—LOL—As, generally speaking, only a licensed money transmitter—not a licensed financial institution—PayPal will often unlawfully hold payees’ funds for lengthy periods of time; payers that give “PreyPal” an enduring authority to source funds from their debit bank account are not covered by, nor will they receive, any of the industry or statutory protections that apply to credit card transactions, unless they can involve the media in any dispute with “PreyPal” …

“Schulman also referenced the recent layoffs at PayPal”—Yeah, things are going so well we thought we would axe ~1000 from PayPal (eBay's CFO Robert Swan said, of the 2400 to go, cuts would be higher on the Marketplaces side and a little bit lower on the PayPal side.) …

“There have been certain partners that have been loath to work with us because we were part of eBay and they considered eBay to be a competitor, …”—Disingenuous nonsense! What sort of company, that might now want to partner with PayPal, would have previously considered eBay a “competitor”? The reality is, this “spin off” is a “divorce” of convenience for appearances sake—in reality, this ugly couple are going to remain curled up in the same bed for the foreseeable future; the reality is, they need each other to survive …

Fortunately, for anyone with any direct experience of eBay Inc., it’s very easy to tell when an eBay or "PreyPal" spokesperson is being disingenuous—their lips are moving! ...

The whole of Schulman’s presentation is a typical disingenuous pitch to investors; hopefully not too many will be naïve enough to be conned into buying into this clunky intermediary operator; the reality is, with the arrival of the likes of Apple Pay, Samsung Pay, MasterPass and Visa Checkout, the clunky “PreyPal” is now well past its “best by” date …

The eBay executive suite—where the incompetent mingle with the disingenuous, the malevolent and the outright criminal, and the just plain stupid ... http://bit.ly/11F2eas