Is PayPal owned by Elon Musk?

PayPal is an online payment system and ecommerce platform founded in 2002 by Elon Musk. The company was acquired by eBay in 2002 for $1.5 billion. PayPal Holdings, Inc. is an American multinational corporation and it is headquartered in San Jose, California. is a subsidiary of eBay.

operates PayPal, an online payment system, and PayPal Credit, a credit card processing subsidiary. also provides digital payments solutions for merchants and consumers in more than 190 countries. In March 2016, PayPal announced plans to invest $1 billion in new products and services in the coming year. In March 2017, PayPal announced plans to invest $500 million in new products and services in the coming year. In March 2018, PayPal announced plans to invest $2 billion in new products and services in the coming year.

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