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The company operates as a payment processor for online vendors, auction sites and many other commercial users, for which it charges a fee. Established in 1998 as Confinity, [4] PayPal went public through an IPO in 2002. It became a wholly owned subsidiary of eBay later that year, valued at $1.5 billion. [5]
Key developments at PayPal. January 1999 – March 2000. The two companies, Confinity and X.com, that will eventually merge to become PayPal, launch separately and build competing financial products. The first iteration of the PayPal product is released by Confinity in later 1999. March 2000 – July 2002.
He founded Thiel Capital Management in 1996 and co-founded PayPal with Max Levchin and Luke Nosek in 1998. He served as chief executive officer of PayPal until its sale to eBay in 2002 for $1.5 billion. Following PayPal, Thiel founded Clarium Capital, a global macro hedge fund based in San Francisco.
On September 30, 2014, it was announced that Schulman would become CEO of PayPal, which would continue as a separate legal entity, split from eBay in 2015. He has stated that his goals at PayPal include giving financial tools to the 70 million Americans underserved by the U.S. financial system.
X.com was an American online bank founded by Elon Musk, Harris Fricker, Christopher Payne, and Ed Ho in 1999 in Palo Alto, California. In 2000, it merged with competitor Confinity and in 2001, the merged company changed its name to PayPal.
PayPal Honey, formerly known as Honey, is an American technology company and a subsidiary of PayPal known for developing a browser extension that aggregates and automatically applies online coupons on eCommerce websites.
PayPal Park (formerly Earthquakes Stadium and Avaya Stadium) is a soccer-specific stadium in San Jose, California. It is the home stadium of the San Jose Earthquakes of Major League Soccer (MLS) and Bay FC of the National Women's Soccer League (NWSL).
PayPal, Inc. went public in February 2002, and in July 2002 was acquired by eBay. Levchin's 2.3% stake in PayPal was worth approximately $34 million at the time of the acquisition. Levchin is primarily known for his contributions to PayPal 's anti-fraud efforts and is also the co-creator of the Gausebeck-Levchin test, one of the first ...
Co-founder and CFO at PayPal; Co-founder and partner at Founders Fund. Kenneth Alan Howery ( / ˈhaʊəri /; born November 4, 1975) is an American entrepreneur and diplomat. He is a co-founder of PayPal [1] and Founders Fund. [2] He served as the U.S. Ambassador to Sweden from 2019 to 2021 under President Donald Trump.
Zong (payments provider) Categories: EBay. Elon Musk. 2002 mergers and acquisitions. Online financial services companies of the United States. Hidden categories: Commons category link is on Wikidata. Wikipedia categories named after financial services companies of the United States.