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This question is about PayPal salaries.
Who owns Paypal?
The Vanguard Group, Inc. owns Paypal with a 7.75% stake in the company. Here is a list of the top companies that also own significant shares of Paypal and their stake percentages:
BlackRock Fund Advisors - 4.31%
SSgA Funds Management, Inc. - 3.94
Comprehensive Financial Management - 2.76%
Paypal was founded by Max Levchin, Peter Thiel, and Luke Nosek in 1998 under a different company name, Confinity. Initially, it developed security software for hand-held devices. However, this proved unsuccessful, and the company shifted its aim to the service of a digital wallet.
In 2000, Confinity merged with X.com; an online financial services company co-founded by Elon Musk. Peter Thiel would go on to replace Musk as CEO of X.com and change the name of the company to Paypal.
Then in 2002, eBay acquired Paypal for $1.5 billion in eBay stock. Over the years, Paypal experienced a significant amount of growth, even more than its parent company eBay, and in 2015, Paypal split from eBay and became a publicly traded company.
In 2021, Paypal saw annual revenue of $25.37 billion with a workforce of 30,900 employees at that time.
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