I noticed the rise and decline of PayPal revenue in Fortune Magazine Jan-Feb 2024.
PayPal revenue was almost $50
billion in 2015 and rose to almost $350 billion in by 2021 and declined to $54
billion in 2024. PayPal, San Jose,
California was incorporated in 1998 as Confinity. PayPal went public
through an IPO in 2002. It became
a wholly owned subsidiary of eBay later that year, valued at $1.5 billion. In
2015 eBay spun off PayPal to its shareholders, and PayPal became an independent
company again.
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We severely limit what we purchase on-line. We buy what we need at stores and use Mastercard. We pay most of our bills by check. We never joined Amazon. We never bought an I-Phone. We have a land line. When we do buy items on line, we pay direct through Mastercard. For us PayPal has always been unnecessary.
Norb Leahy, Dunwoody GA Tea Party Leader
1 comment:
Paypal was a good service up until about 2018...too good for its own good, not taking any fees for the small transactions. Then it/they started charging fees. Then it/they started snooping into people's real identities.
We should never do anything online that would allow evildoers to identify a person in real life. "I'm not ashamed of what I'm doing. Why would I care if people know my real name?" If the world were made up only of normal "people" there'd be no reason not to put our real names on the Internet, but unfortunately being identifiable online can lead to insane admirers wanting to follow you home, or terrorists wanting to burn your home over your head!
After the snooping came the "fines for unapproved activity" as an excuse to dip into anybody's account. Now there's an active Paypal boycott going on. I hope their revenues decline even further, and I hope, before going bankrupt, they're forced to pay double the money they've stolen from people they have "fined."
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