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Just a few months after that, PayPal was acquired by eBay. In 2002, company executives decided to launch PayPal's IPO.

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X.com company was renamed to PayPal in 2001. In 2000, Confinity merged with X.com, an online banking company founded by Elon Musk. PayPal was established in December 1998 as Confinity. PayPal history, acquisitions, and current state

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