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2 years, 7 months ago

Who was the first owner of paypal?

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henrygarcia | 2 years, 7 months ago
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quote-- The current incarnation of PayPal is the result of a March 2000 merger between Confinity an d X.com.3 Confinity was founded in December 1998 by Max Levchin, Peter Thiel, Luke Nosek, and Ken Howery, initially as a Palm Pilot payments and cryptography company.4 X.com was founded by Elon Musk in March 1999, initially as an Internet financial services company. Both Confinity and X.com launched their websites in late 1999. Both companies were located on University Avenue in Palo Alto. Confinity's website was initially focused on reconciling beamed payments from Palm Pilots5 with email payments as a feature and X.com's website initially featured financial services with email payments as a feature.--/quote--

So paypal came about as the merge between two other companies, founders included Elon Musk, Max Levchin, Peter Thiel, and other.

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jeffhoard | 2 years, 7 months ago Report

Welcome to Mahalo, I must note that this is a direct Copy and Paste from Wikipedia... yes you cite the source, but i'd like you take a look at the Copy and Pasting on Mahalo guidelines - They teach you all the different steps that should be take into account when taking other peoples text and using them as your answers here on Mahalo.

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jeffhoard | 2 years, 7 months ago Report

Thank you for coming back and improving your answer.

It's a very small aspect, but a major concern of the community. Please keep it in mind in the future.

But again, I really appreciate that you checked out the guidelines and fixed your answer accordingly.

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annelisle | 2 years, 6 months ago
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Paypal was founded in 1999 by Peter Thiel and Max Levchin and it was named "Confinity". Ebay bought it in 2002.

----quote---
The idealistic vision of the company was one of a borderless currency free from governmental controls.
PayPal owes much of its initial growth to eBay users who used the service to pay for items and accept payments for their online auctions. PayPal even beat eBay at the online payment business, trumping eBay's in-house payment system Billpoint so thoroughly that in 2002, eBay bought PayPal.
-----end of quote----

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