PayPal Mafiya || Elon Musk || Forecast: $90 It will be pleasant and simple.

                These are worries that the Mizuho analysts are still thinking about. But renowned Mizuho analyst Dan Dolev has changed PayPal's rating from "neutral" to "buy." Furthermore, Dolev increased his price target of $68 to $90 for PayPal stock. PayPal's Fastlane service was mentioned as a helpful catalyst by Dolev and other Mizuho analysts.

                 According to PayPal, "Fastlance can accelerate checkout speeds by nearly 40% compared to a traditional guest checkout." It is an extremely quick, frequently one-click checkout service. According to Mizuho analysts, fast lane "can drive a $1.0 billion-$1.5 billion lift to PYPL's transaction margin dollars, which represents 5%-10% upside vs. 2023 levels." It's not unreasonable to expect growth of 5% to 10%, and Fastlane should assist PayPal in gaining market share among payment processors that cater to mobile users.

                 An electronic substitute for conventional paper methods like checks and money orders, PayPal Holdings, Inc. is a multinational financial technology business based in the United States that runs an online payments system in most countries that allow online money transfers. The business charges a fee for its services as a processor of payments to numerous commercial users, including auction sites and online retailers. Confinity, the company that founded PayPal in 1998, went public in an IPO in 2002. Later that year, it was acquired by eBay as a completely owned company, with a $1.5 billion valuation. 2015 saw eBay separate PayPal and return it to its owners, regaining its independence. The business was placed 143rd on the Fortune 500 list of the biggest US firms in 2022.

                   Fieldlink, the firm founded by Max Levchin, Peter Thiel, and Luke Nosek in December 1998, was subsequently renamed Confinity. The company produced security software for mobile devices. It turned its attention to a digital wallet after finding that its previous business plan was ineffective. In 1999, the PayPal online payment system was introduced in its initial form. Confinity and X.com, an online financial services startup established in March 1999 by Ed Ho, Elon Musk,Elon Musk, Harris Fricker, and Christopher Payne, combined in March 2000. Musk had high hopes for the future prosperity of the money transfer company Confinity was creating. Musk made the decision for X.com to stop running its other online banking businesses and concentrate on payments in October of that year.

                     Having taken a leading position in the Chinese online payment sector, PayPal became the first foreign operator to own 100% of a payment platform in January 2021. According to a March 2021 Morning Consult study done worldwide, PayPal is the second most trusted brand in the world. Shopify and PayPal joined forces in June 2022 to bring Shopify Payments to French retailers. PayPal announced layoffs for 2,000 employees in February 2023, which represents 7% of the company's overall employment. In February 2023, it was announced that Dan Schulman, the CEO, will leave his position by the end of the year. After stepping down, Schulman will remain a member of the board of directors.

Paypal Mafia

When Confinity, a business that X.com purchased in 1999, first provided PayPal as a money-transfer service. Later, PayPal replaced X.com, which eBay acquired in 2002. With eBay's more traditional business atmosphere, the early PayPal employees found it impossible to adapt, and within four years, all but 12 of the first 50 employees had departed. They stayed in touch as social and professional contacts, and some of them collaborated to start venture capital firms and other businesses in the years that followed. The phrase "Paypal Mafia" was created because of how common this group of former PayPal employees became.The word became even more well-known when it appeared in the headline of a 2007 Fortune magazine article that included a picture of former PayPal staff members wearing gangster attire. 

1. Peter Thiel, PayPal founder and former chief executive officer who is sometimes referred to as the "don" of the PayPal Mafia
2. Max Levchin, founder and chief technology officer at PayPal
3. Elon Musk, co-founder of Zip2, founder of X.com which merged with Confinity to form PayPal. Musk later founded SpaceX, invested in Tesla, Inc., co-founded OpenAI, Neuralink, founded The Boring Company, and purchased Twitter
4. David O. Sacks, former PayPal COO who later founded Geni.com and Yammer
5. Scott Banister, early advisor and board member at PayPal
6. Roelof Botha, former PayPal CFO who later became a partner at the venture capital firm Sequoia Capital
7. Steve Chen, former PayPal engineer who co-founded YouTube
8. Reid Hoffman, former executive vice president who later founded LinkedIn and was an early investor in Facebook, Aviary
9. Ken Howery, former PayPal CFO who became a partner at Founders Fund
10. Chad Hurley, former PayPal web designer who co-founded YouTube
11. Eric M. Jackson, who wrote the book The PayPal Wars and became chief executive officer of WND Books and co-founded CapLinked
12. Jawed Karim, former PayPal engineer who founded YouTube
13. Jared Kopf, executive assistant to Peter Thiel at PayPal who co-founded Slide, HomeRun and NextRoll
14. Dave McClure, former PayPal marketing director who later co-founded 500 Global and became a super angel investor for startup companies
15. Andrew McCormack, co-founder of Valar Ventures
16. Luke Nosek, PayPal co-founder and former vice president of marketing and strategy who later became a partner at Founders Fund with Peter Thiel and Ken Howery
17. Keith Rabois, former executive at PayPal who later worked at LinkedIn, Slide, Square, Khosla Ventures, and currently with Peter Thiel at Founders Fund, and invested in Tokbox, Xoom, Slide, LinkedIn, Geni, Room 9 Entertainment, YouTube, and Yelp
18. Jack Selby, former vice president of corporate and international development at PayPal who co-founded Clarium Capital with Peter Thiel, later becoming managing director of Grandmaster Capital Management
19. Premal Shah, former product manager at PayPal who later became the founding president of Kiva.org
20. Russel Simmons, former PayPal engineer who later co-founded Yelp
21. Jeremy Stoppelman, former vice president of technology at PayPal who later co-founded Yelp
22. Yishan Wong, former engineering manager at PayPal who later worked at Facebook, became the CEO of Reddit, and founded Terraformation Inc.
23. Yu Pan was one of the co-founders of PayPal and played a role in designing the company's user interface and user experience. He later became involved in private ventures and some successful startups.

            

             A group of former PayPal workers and founders known as the "PayPal Mafia" have gone on to start and/or develop other Silicon Valley-based technology firms, including SpaceX, Tesla, Inc., LinkedIn, Palantir Technologies, Affirm, Slide, Kiva, YouTube, Yelp, and Yammer. At some point throughout their academic careers, the majority of the members attended either Stanford University or University of Illinois Urbana-Champaign.

QNA

1.Who actually owns PayPal?

Ans:- In October 2002, eBay acquired PayPal for $1.5 billion, making PayPal the official payments provider for eBay.

2.Is PayPal owned by Google?

Ans:- PayPal is a public company owned by its shareholders. The largest institutional investors in PayPal include fund managers Vanguard, BlackRock, and State Street. You can invest in PayPal shares directly or through a mutual fund or ETF.

3.Who is the CEO of PayPal?

Ans:-Alex Chriss has spent more than two decades harnessing the power of technology to help individuals and small businesses solve their greatest financial challenges.