PayPal,meanwhile,sawsharessinkmorethan8percentonThursdayasaresultoftheannouncement,althoughPayPalmaybeabletofilltheholdcreatedbyeBaythroughitsstronggrowthrate,accordingtoBTIGanalystMarkPalmer.

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PayPal, meanwhile, saw shares sink more than 8 percent on Thursday as a result of the announcement, although PayPal may be able to fill the hold created by eBay through its strong growth rate, according to BTIG analyst Mark Palmer.