Did Elon Musk Create PayPal? Payment Processor Has Multiple Founders
Summary
The piece explains that Elon Musk was a co-founder of X.com, which merged with Confinity and later became PayPal. It recounts the 2002 eBay acquisition and notes Musk's estimated $180 million proceeds, which he used to found Tesla, SpaceX, and SolarCity. The article outlines current ownership by institutional investors and lists major holders like Vanguard and BlackRock. It also notes PayPal's leadership under Dan Schulman and reports his planned retirement at the end of 2023 while remaining on the board.
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industries
Fintech & Banking
applications
Web and Content Management
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Fintech Software
Payments Software
Developer Tools
