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When PayPal launched at a press conference in 1999, representatives from Nokia and Deutsche Bank sent $3 million in venture funding to Thiel using PayPal on their PalmPilots. PayPal then continued to grow through mergers in 2000 with Elon Musk 's online financial services company X.com , and with Pixo , a company specializing in mobile commerce.
Elon Musk made $175.8 million when PayPal was sold to eBay in October 2002. [5] He was first listed on the Forbes Billionaires List in 2012, with a net worth of $2 billion. [6] Musk paid $455 million in taxes on $1.52 billion of income between 2014 and 2018. [7] According to ProPublica, Musk paid no federal income taxes in 2018. [8]
PayPal unveils PayPal Here, its new global payment platform for small and medium-sized businesses, with a swipe-free option for customers, developed in collaboration with card.io. [42] [43] 2012: April 4: Product: PayPal rebrands its services for small businesses as PayPal Payments and debuts a number of online, offline, and mobile payment ...
Instead of walking out, he opted to stay on with the company in a senior role, until selling PayPal to eBay for $1.5 billion in 2002. As the largest PayPal shareholder, Musk walked away with $180 ...
In February 2021, Tesla announced it had purchased $1.5 billion in Bitcoin and planned to accept the coin as payment for its product and services. A few months later, Musk appeared on Saturday ...
PayPal joined the cryptocurrency market in 2020, allowing customers to buy, sell and hold bitcoin and other virtual coins using the digital payments company's online wallets.
In 2002, PayPal was acquired by eBay for $1.5 billion in stock, of which Musk—PayPal's largest shareholder with 11.7% of shares—received $176 million. [75] [76] In 2017, more than 15 years later, Musk purchased the X.com domain from PayPal for its "sentimental value". [77] [78] In 2022, Musk discussed a goal of creating "X, the everything ...
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