PayPal, mobile drive eBay Results

PayPal and mobile commerce drive eBay results. Mobile commerce activity nearly tripled to nearly $2 billion. The company expects mobile merchandise value sold to double to $4 billion in 2011.

"Mobile is clearly becoming a new way people shop, and eBay is helping to lead the way with innovative apps across multiple platforms, including the iPad," said John Donahoe, eBay president and CEO.

eBay CEO Discusses Q4 2010 Earnings Call Transcript - Seeking Alpha