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Established in 1998 as Confinity, PayPal went public through an IPO in 2002. It became a wholly owned subsidiary of eBay later that year, valued at $1.5 billion. PayPal is an America multinational technology company and website allowing transfer of money among people via web services and email. The money can be deposited into a bank account. PayPal was owned by eBay, from 2002 to 2015.
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