Zero to One: Notes on Startups, or How to Build the Future · chapter 3 · id zero-to-one-c3-09-paypal-dominated-the-ebay-paym
“PayPal dominated the eBay payments market: by December 2001, 71% of eBay auctions accepted PayPal versus only 25% for eBay's own Billpoint service. eBay eventually acquired PayPal for $1.5 billion.”
VERIFIEDconfidence: high⚠ extracted by pipeline, re-audit pending
Receipts
PayPal SEC 10-K Filing (2001-2002)paywalled · manual check queued
PayPal's SEC filings show 71% of eBay auctions accepted PayPal by December 2001, compared to approximately 25% for eBay's Billpoint. PayPal processed $3.4 billion in payments in Q4 2001.
CNET -- eBay Picks Up PayPal for $1.5 Billion (July 2002)source alive
eBay agreed to acquire PayPal for $1.5 billion in stock, announced July 2002. The deal closed October 2002.
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