PayPal was initiated and launched as a money transfer service at Confinity in 1999, funded by John Malloy from Blue Run Ventures. PayPal was founded by Ken Howery, Luke Nosek, Max Levchin, Peter Thiel, Elon Musk (X dot com founder). The key people involved include John Donahoe (chairman), and Dan Schulman (CEO). The company’s operation center is in Luxembourg, and the international headquarters are in Singapore.
PayPal’s corporate headquarters is in the North San Jose Innovation District of San Jose, California at North First Street Campus. PayPal Operations Center and main office are in Omaha, Nebraska. It was announced in 2014 that eBay would spin off PayPal into separate publicity traded company. In 2018, eBay announced that the agreement ends in 2020.
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