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PayPal went public on 15 February 2002 and was bought by eBay for $1.5 billion in October of that year. [39] Thiel remained CEO of the company until the sale. [5] His 3.7% stake in the company was worth $55 million at the time of acquisition. [40] In Silicon Valley circles, Thiel is colloquially referred to as the "Don of the PayPal Mafia". [41]
eBay, PayPal, Kijiji and StubHub, 500 King Street West, Toronto, April 2014. PayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers; it serves as an electronic alternative to traditional paper methods such as checks and money orders.
Kenneth Alan Howery (/ ˈ h aʊər i /; 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.
The combined entity, initially called X.com, later changes its name to PayPal. PayPal adopts eBay as a key platform to grow its userbase, because of the need for an online payment system on eBay. eBay responds with its own payment service, Billpoint. PayPal competes fiercely with Billpoint, raises a large amount of money, and IPOs in February 2002.
Peter Thiel, PayPal founder and former CEO who is sometimes referred to as the "don" of the PayPal Mafia. Serves as Chairman of the Palantir board and is a founder of Founders Fund. He also was the first outside investor in Facebook. Max Levchin, founder and chief technology officer at PayPal. Current CEO of Affirm.
Previously, Sacks was the COO and product leader of PayPal, [1] [4] and founder and CEO of Yammer. [5] [6] In 2016, he became interim CEO of Zenefits for ten months. [7] In 2017, Sacks co-founded Craft Ventures, [8] an early-stage venture fund. His angel investments include Facebook, Uber, SpaceX, Palantir Technologies, and Airbnb.
He is the former president and CEO of PayPal, and before that group president of enterprise growth at American Express. Schulman was responsible for American Express' global strategy to expand alternative mobile and online payment services, form new partnerships, and build revenue streams beyond the traditional card and travel businesses. [ 1 ]
In 1996 at age 23 Marcus founded GTN Telecom, a Geneva-based provider of internet access and telephone service. [5] [7] He was the chairman and CEO of that company until it was acquired by World Access in 2000. [8]