Hedge Funds Invest Heavily In EBay, Facebook And Others

Ebay, the e-commerce consumer-to-consumer marketplace, became a favorite of investors recently, in advance of activist-investor Carl Icahn's urgings to sell off its PayPal subsidiary. According to a CNBC report, leading hedge funds Farallon Capital Management and Omega Advisors both invested heavily in the company, with Farallon taking a new stake of 3,295,000 shares and Omega taking a new stake of 854,000 shares. Icahn's proposal for the spin-off was nevertheless rejected by eBay.