PayPal is an online payment service formed from the 2000 merger of Confinity, co-founded by Peter Thiel and Max Levchin, and X.com, co-founded by Elon Musk, and acquired by eBay in 2002 before its own spin-off as an independent public company in 2015. It became one of the earliest and most widely used online payment platforms, letting users send and receive money and pay for goods online without directly sharing card or bank details with a merchant, and it later expanded to own additional payment brands including Venmo.
Facts
Classification
Sector (GICS) Offering Kind Connections
Associated With
The PayPal payment service is operated by PayPal Holdings, Inc.
In Sector
Sources
1. Wikipedia, PayPal
WikipediaInfobox: founded
December 1998 (as Confinity), October 1999 (as X.com (bank), X.com), March 2000 (as PayPal)
Introduction, GICS sector classification
PayPal Holdings, Inc.
Introduction, offering kind classification
PayPal Holdings, Inc.
View the Source Wikidata: PayPal
Wikidata Q483959, class allow-list match (w-wdresolver-0926)View the Source Reader Challenges (0)
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