1. See also

2. References

Many of Confinity's initial recruits were alumni of The Stanford Review, also co-founded by Thiel, and most early engineers hailed from the University of Illinois at Urbana-Champaign, recruited by Levchin. Early investors included Nokia Ventures, Deutsche Bank, and William N. Melton, the founder of CyberCash.^[2]

Confinity's second office, 165 University Avenue in Palo Alto, California, is also known for being the former office of Google and Logitech.^[3]

Confinity launched its milestone product, PayPal, in late 1999.^[1] Confinity merged with X.com, founded by Elon Musk, in March 2000.^[4] The merged company became known as X.com because this was thought to be a name with broader long-term potential than Confinity or PayPal. However, surveys showed that a majority of consumers considered the name X.com vague and potentially pornographic and preferred that the company simply be called PayPal. After a corporate restructuring, the company adopted the name PayPal Inc.{{cn|date=August 2018}}

After an IPO, the company was purchased by eBay. eBay and PayPal became separate companies in 2015.{{cn|date=August 2018}}

See also

• The PayPal Wars

References

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