PAYPAL

David Sacks took to Facebook over the weekend to air his grievances about the state of the revered San Franciso Bay Area long assumed to be the centerpiece for innovation within the tech industry, giving a gloomy prediction of the tech industry's future shortly after selling his own company to Microsoft.

Three months after the game's initial launch, "Diablo 3" is now experiencing a new kind of online scam-artist, one that's learned to defraud other gold farmers and profit off of illegitimate virtual transactions.

In the 1950s, a consumer who wanted to buy eyeglasses borrowed $40 from the bank. Fast-forward to 2012: how about using your digital wallet to buy those glasses with your mobile phone? Maybe later this year.

Peter Thiel, a director of Facebook (Nasdaq: FB), the No. 1 social networking site as well as co-founder of PayPal, announced his third venture capital firm, Mithril Capital Management.

Groupon Inc. is testing a payment service that will allow merchants to accept credit cards using its infrastructure, media reports said, pushing the coupon company into a market space already occupied by PayPal and Square.

More than a third of the $200 million poured into Super PACs this election cycle has flowed from a mere 10 donors, including seven individuals, according to an analysis by the Center for Public Integrity.

Yahoo Inc hired PayPal's former head of products to help oversee its newly-formed commerce group, as the Web pioneer looks for new ways to reignite growth.

Yahoo Inc will begin layoffs of thousands of employees next week and will announce a plan to restructure the company the week after that, according to a media report.

EBay Inc named mobile technology entrepreneur David Marcus president of its PayPal unit on Thursday, replacing Scott Thompson, who left in January to become chief executive of Yahoo Inc.

EBay Inc on Thursday named David Marcus president of its PayPal unit, replacing Scott Thompson, who left in January to become chief executive of Yahoo Inc.

EBay Inc's unit PayPal is expanding its domestic electronics payments presence in Asia with plans to tap China and India, the region's biggest consumer markets, a senior executive said on Friday.

PayPal, the payments service owned by eBay Inc, jumped into the nascent mobile payments arena on Thursday with a new device that helps businesses accept credit and debit cards via mobile devices, taking on early-moving start-up Square Inc.

Eric Salvatierra, a long serving executive at eBay's PayPal business, died on Friday after being struck by a Caltrain in Silicon Valley.

PayPal, the online payment service owned by eBay Inc, is backtracking on its policy against processing sales of e-books containing themes of rape, bestiality or incest after protests from authors and anti-censorship activist groups.

Yahoo, the No. 2 search engine that just hired a new CEO, could threw a wrench into Facebook’s proposed $5 billion initial public offering by suing for patent infringement.

The man killed on the Caltrain tracks in Menlo Park on Friday has been identified as 39-year-old Eric Salvatierra, a vice president at PayPal. The circumstances of his death, however, and rising suicide rates for the railroad company, may indicate that the victim, whom relatives insist was never visibly upset, may have taken his own life.

PayPal, the online payments arm of eBay Inc, has sparked a furor in the publishing world by asking some e-book distributors to ban books that contain obscene themes including rape, bestiality or incest.

PayPal, the online payments arm of eBay Inc, has sparked a furor in the publishing world by asking some e-book distributors to ban books that contain obscene themes including rape, bestiality or incest.

Apple won a major patent for its iWallet technology on Tuesday, which is a digital system that uses Near-Field Communication (NFC) technology to complete credit card transactions directly on your phone. The iWallet could be the killer app promised in Apple's next-gen smartphone, presumably called the iPhone 5.

After hacking into the CIA, Sony, PayPal and Mastercard Web sites over the years, Sabu, suspected leader of Anonymous splinter group LulzSec pled guilty to 12 counts of conspiracy to engage in computer hacking March 6. Five other suspected hackers were also arrested March 6, and it now looks as if Sabu, also known as Hector Xavier Monsegur, had been cooperating with the FBI since the middle of 2011, according to papers filed in a Manhattan court.

Yahoo Inc is planning to undergo a major restructuring of the company, which will include lay-off of many employees.