In Jim Cramer’s live show with TheStreet, the television personality and former hedge fund manager said that “a split would be very, very good,” with regards to news of eBay’s split with StubHub. Cramer says that he “believes that eBay’s assessment and possible split from StubHub could be beneficial for eBay”.
“The reason I say this is because, look at how much money we make with PayPal for actual alerts,” he adds.
This came after eBay announced this Friday that it would be focusing on StubHub as well as its online classified ad business, after getting pressured by ‘activist investors’ like Starboard Value and Elliot Management. It also announced that it would be launching a strategic review of its business, in addition to looking at its existing business from an operating point of view.
The e-commerce company will reportedly be “looking at strategic alternatives for some of its various divisions.” It relation to this, it will add two more people to its board of directors, Jesse Cohn of Elliot and Matt Murphy of Marvel Technology.
