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Elon MuskPayPal

PayPal founded

Mar 2000

PayPal is formed after online point-of-sale payments company X.com buys payments company Confinity. X.com stops its internet banking operations, and a Confinity system that focuses on payments transactions on personal digital assistants becomes the email-based PayPal system. The joint company is renamed PayPal and Elon Musk is its biggest shareholder.

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