The  PayPal  timeline

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PayPal is always looking for futuristic, developing new technologies to improve its services. It tries to plan and stay ahead of the curve. Some of PayPal's latest innovations include cryptocurrency investing, bill splitting, and budgeting tools.

PayPal's story begins at  Confinity Inc., created by Ken Howery, Luke Nosek, Max Levchin and Peter Thiel in 1998. The company aimed to provide secure software for financial transactions on individually owned devices.

In 2000, Elon Musk initiated a merger between the PayPal's parent companies Confinity and X.com (his own online banking company). After observing  Confinity's more profitable operations as compared to X.com's, Musk decided to focus on Confinity's operations of transferring money.

PayPal was officially launched in October 2000. It gained humongous success in its early stage of development mainly due to using referrals and giving small signup bonus of $20, $10 and eventually $5  PayPal achieved almost 10% in daily growth during this period of its history.

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In 2002, PayPal joined the world of publicly traded companies. PayPal stock phenomenally grew to 55% on NASDAQ  during the same year. 

In July of 2002, eBay acquired PayPal for the fine price of $1.5bn. The acquisition helped the company grow much larger as it was eBay's first choice for payments.

In 2013, PayPal acquired Braintree payments gateway for $800m. In 2014, Carl Icahn, PayPal's investor, carried out a huge public campaign by demanding a PayPal separation from eBay. In July of 2014, PayPal officially became a public company again. PayPal's market value climbed to $49bn on its first official day trading as a public company again.

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