Mobile Payments Jump 300 Percent During Holidays, PayPal Says

EBay said Monday that during this holiday season, mobile transactions totaled $13 million, growing 165 percent over last year. So it’s only fitting that its payments subsidiary is seeing a similar uptick. PayPal said today that mobile payments jumped 300 percent from Nov. 15 to Dec. 15, compared to the same period last year.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work