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== Founding & Acquisition == | == Founding & Acquisition == | ||
PayPal was originally founded as [[Confinity]] by [[Peter Thiel]] in 1998 with PayPal being the name of its product. In early 2000, it merged with [[X.com]], founded by [[Elon Musk]] who was installed as CEO. Later on the same year, Musk was ousted as CEO and the company changed its name to PayPal.<ref>{{Web citation|author=Julie Ankenbrandt|newspaper=Forbes|title=How Was The Rivalry Between Paypal And X.com Before And After The Merger?|date=2015-10-09|url= | PayPal was originally founded as [[Confinity]] by [[Peter Thiel]] in 1998 with PayPal being the name of its product. In early 2000, it merged with [[X.com]], founded by [[Elon Musk]] who was installed as CEO. Later on the same year, Musk was ousted as CEO and the company changed its name to PayPal.<ref>{{Web citation|author=Julie Ankenbrandt|newspaper=Forbes|title=How Was The Rivalry Between Paypal And X.com Before And After The Merger?|date=2015-10-09|url=https://www.forbes.com/sites/quora/2015/10/09/how-was-the-rivalry-between-paypal-and-x-com-before-and-after-the-merger|archive-url=https://web.archive.org/web/20151010083914/https://www.forbes.com/sites/quora/2015/10/09/how-was-the-rivalry-between-paypal-and-x-com-before-and-after-the-merger/|archive-date=2015-10-08}}</ref> | ||
In February 2002, PayPal went public with an IPO that raised $70.2m.<ref>{{Web citation|newspaper=CNET|title=PayPal pulls in $70.2 million in IPO|date=2002-02-14|url=https://www.cnet.com/tech/tech-industry/paypal-pulls-in-70-2-million-in-ipo/}}</ref> 8 months later, they were acquired by [[eBay]], which accounted for a majority of their transactions at the time.<ref>{{Web citation|author=Joris Evers|newspaper=Computer World|title=EBay completes PayPal acquisition|date=2002-10-04|url=https://www.computerworld.com/article/1339355/ebay-completes-paypal-acquisition.html|archive-url=https://web.archive.org/web/20240423151345/https://www.computerworld.com/article/1339355/ebay-completes-paypal-acquisition.html|archive-date=2023-04-23}}</ref> | In February 2002, PayPal went public with an IPO that raised $70.2m.<ref>{{Web citation|newspaper=CNET|title=PayPal pulls in $70.2 million in IPO|date=2002-02-14|url=https://www.cnet.com/tech/tech-industry/paypal-pulls-in-70-2-million-in-ipo/}}</ref> 8 months later, they were acquired by [[eBay]], which accounted for a majority of their transactions at the time.<ref>{{Web citation|author=Joris Evers|newspaper=Computer World|title=EBay completes PayPal acquisition|date=2002-10-04|url=https://www.computerworld.com/article/1339355/ebay-completes-paypal-acquisition.html|archive-url=https://web.archive.org/web/20240423151345/https://www.computerworld.com/article/1339355/ebay-completes-paypal-acquisition.html|archive-date=2023-04-23}}</ref> | ||
Revision as of 19:25, 7 August 2025
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PayPal Holdings, Inc. | |
|---|---|
 | |
| Industry | Financial technology |
| Founded | March 2000 |
| Founder | Ken Howery Max Levchin Luke Nosek Yu Pan Peter Thiel Elon Musk Harris Fricker Christopher Payne Ed Ho |
| Predecessors | Confinity X.com |
PayPal, officially PayPal Holdings, Inc. is a Statesian multinational financial technology company operating an online payments system. It has been used to censor anti-war voices and other activists.[1]
Founding & Acquisition
PayPal was originally founded as Confinity by Peter Thiel in 1998 with PayPal being the name of its product. In early 2000, it merged with X.com, founded by Elon Musk who was installed as CEO. Later on the same year, Musk was ousted as CEO and the company changed its name to PayPal.[2]
In February 2002, PayPal went public with an IPO that raised $70.2m.[3] 8 months later, they were acquired by eBay, which accounted for a majority of their transactions at the time.[4]
References
- ↑ Kevin Reed (2022-05-04). "PayPal shuts accounts of anti-war publications Consortium News and MintPress News" WSWS.
- ↑ Julie Ankenbrandt (2015-10-09). "How Was The Rivalry Between Paypal And X.com Before And After The Merger?" Forbes. Archived from the original on 2015-10-08.
- ↑ "PayPal pulls in $70.2 million in IPO" (2002-02-14). CNET.
- ↑ Joris Evers (2002-10-04). "EBay completes PayPal acquisition" Computer World. Archived from the original on 2023-04-23.