Meet the Street: eBay's No Friend of PayPal's

PayPal(PYPL Quote) may have opened some eyes with the 54% first-day gain its IPO posted earlier this month, but it's been all downhill since then. Shares of the online-payment clearinghouse have steadily dropped from their first day's highs, and on Monday they briefly fell below the IPO price of $13.

Avivah Litan Research Director, Gartner

Recent Meet the Streets

Federal Reserve Bank of Philadelphia's Dean Croushore

Morningstar's George Nichols

Lehman Brothers' Matt Zolin

First Albany Asset Management's Hugh Johnson

Driehaus Capital Management's Richard Driehaus

New York Knicks' Kurt Thomas

The worry? That online auction giant eBay's (EBAY Quote) own payment system could take business from market leader PayPal. Last week eBay said it was taking control of its subsidiary Billpoint, also known as eBay Payments, by buying out partner Wells Fargo(WFC Quote). ...