Chris Dixon begins this episode of Founder Stories with DoubleClick and FindTheBest Co-founder Kevin O’Conner by telling O’Connor that “DoubleClick is probably the closest thing New York has to a PayPal.” Meaning the two companies share an aptitude for hiring employees that go on to start innovative businesses. Just as Paypal spawned Yelp, YouTube, and LinkedIn, DoubleClick spawned… → Read More
PayPal is shutting down its Money Market Fund, notifying participants that the fund will be closing as of July 29 of this year.
PayPal users could previously put the money they earned from PayPal transactions in a Money Market Fund to accrue interest. PayPal customers could choose have their free cash balances swept into the Fund in order to earn income until the cash is used. Shares of the Fund… → Read More
PayPal has hit 100 million active users. The company confirmed the milestone today. Last week, the company announced that it was upping estimates of the amount of mobile payments transactions using the technology this year; doubling the estimate to $3 billion in mobile total payments volume (TPV) in 2011.
PayPal is upping its estimates of the amount of mobile payments transactions using the technology this year; doubling the estimate to $3 billion in mobile total payments volume (TPV) in 2011.
PayPal says that the rate at which people are using the payments technology to buy items via their mobile phones is growing rapidly and this is actually the third time the company has had to update its… → Read More