Utilize the input text as a context reference, choose the right relationship between eBay and PayPal from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

Constituent eBay (EBAY) completed its spinoff of PayPal Holdings Inc. (PYPLV) and after the close on Friday PayPal replaced Noble Corporation plc (NE) in the S&P 500.

Answer: subsidiary