What's happening with PayPal in 2019? Plenty, it turns out. PayPal launched its first peer-to-peer payment system, thus establishing a solid foothold in the emerging P2P marketplace. Venmo, now a PayPal subsidiary, surpasses $1 billion in payments processed for a single month - its highest level ever.įebruary 2017. Paypal agrees to buy Xoom, a digital money transfer firm for $890 million, which paves the way for the company to accelerate the handling of international payments. The day PayPal's stock begins trading, the company's market value crests a whopping $49 billion, instantly creating an army of PayPal millionaires. Company shareholders would agree with Icahn, forcing a split between the two tech giants with the end result that PayPal was once again a single, publicly-traded company.
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January 2023
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