Interesting Fact: This company was actually voted as one of the 10 worst business ideas of 1999.
Image source: flickr
- CEO: Daniel Schulman
- Product: Online Payments
- Founded by Ken Howery, Luke Nosek, Max Levchin, Peter Thiel & Elon Musk in December 1998
- Employees: 18,100
- Headquarters: San Jose, California
- Market Cap: $95.6 billion
- YoY growth: 89%
- Growth in last ten years: 129%
PayPal went public in 2002, just four years after it was founded – and it got picked up by eBay in the same year of its initial public offering (IPO). It was originally called Coinfinity until it merged with Elon Musk’s X.com back in 2000. Since then, it has become one of the top online payments processors in the world – and we can see their label on tons of e-commerce sites globally.
Next Slide – This Company Changed The Way We Look At Fuel
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