The NPD Group reports that there are now over 500,000 Internet-connected in US homes. The average home now has 5.7 connected devices — don’t worry about the fraction — which is up 0.4 percent over the last three months.
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]