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EBay is dumping PayPal for a Dutch rival

Posted by admin on March 30, 2018 in Uncategorized |

  @CNNTech

In 2002, eBay paid $1.5 billion to buy PayPal, an online payments company whose founders include Silicon Valley heavyweights Elon Musk and Peter Thiel.

It proved to be a very successful investment. When eBay spun off PayPal in 2015 — something investors and analysts had urged it to do — the payments company’s market value was close to $50 billion. It’s now above continue reading

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