UK-based Escape the City has raised just shy of $900,000 through Crowdcube, an equity-based crowdfunding platform. The company is a social network designed to connect those that are unhappy with their current jobs with a new one.
“Sources say there has been a “bloodletting” at DTP, with numerous layoffs beginning this morning. Employees have been called in for individual meetings and entire teams have been cut from the payroll.” – Las Vegas Weekly
EBay announced today that it plans to spin-off PayPal into an independent, publicly-traded company in 2015. The current head of eBay Marketplaces will become the chief executive of the new eBay; former American Express executive Dan Schulman will join the new PayPal as its president and chief executive designee. [Source: eBay]