Who Owns Paypal
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Paypal, the world’s leading e-commerce payment processor, first opened its virtual doors in 1998. Since then it has become a trusted, secure and widely used form of web-based payment. The company has seen its stock prices rise and is on track to continue its strong performance. But, who actually owns PayPal?
The original founders of Paypal, Peter Thiel and Max Levchin, have had their fingerprints on the company ever since. They both have remained involved in the day-to-day operations and have accumulated a considerable majority stake in the company over the years. PayPal has several other major shareholders including the likes of Elon Musk, who is the second largest individual shareholder.
PayPal is now publicly traded on the NASDAQ exchange. Initially registered in 2002 and becoming available for trading in July 2002, PayPal’s stock price has risen almost 130% since then. To discuss ownership, it is important to understand that the majority of the company is who owns the most shares at any one time. Aside from Peter Thiel and Max Levchin, large institutions like Fidelity Investments and JP Morgan Chase own a considerable portion of PayPal at present.
Beyond the individual shareholders and institutions, we have Paypal Holdings, Inc., a publicly traded company with majority ownership by eBay. As such, the majority of PayPal stock is currently owned by eBay. This is due to a corporate agreement, whereby eBay acquired Paypal in 2019, making it a wholly owned company.
PayPal has been resilient over the years and is set to continue its success. This success is partly contributed to the major shareholders, like Peter Thiel and Max Levchin, and its large institutional investors. But, it should also be attributed to its partnership with eBay, which owns a majority of the company. While this may be subject to change in the future, for now PayPal is securely in the hands of eBay and its many investors.