PayPal Holdings, Inc. is an American company operating a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders. The company operates as a payment processor for online vendors, auction sites, many other commercial users, for which it charges a fee in exchange for benefits such as one-click transactions and password memory. Established in 1998 as Confinity, PayPal had its initial public offering in 2002, became a wholly owned subsidiary of eBay that year. EBay spun off PayPal in 2015; the company ranked 222nd on the 2018 Fortune 500 of the largest United States corporations by revenue. At a 2019 World Economic Forum panel in Davos, founder Luke Nosek stated that PayPal’s initial mission was to "create a global currency, independent of interference by these, you know, corrupt cartels of banks and governments that were debasing their currencies". Nosek said this mission failed because of investor pressure to release a product as soon as possible.
PayPal was established in December 1998 as Confinity, a company that developed security software for handheld devices. PayPal was founded by six people: Max Levchin, Peter Thiel, Luke Nosek, Ken Howery, Yu Pan and Russel Simmons. PayPal was developed and launched as a money transfer service at Confinity in 1999, funded by John Malloy from BlueRun Ventures. In March 2000, Confinity merged with an online banking company founded by Elon Musk. Musk was optimistic about the future success of the money transfer business Confinity was developing. Musk and then-president and CEO of X.com, Bill Harris, disagreed on this point and Harris left the company in May 2000. In October of that year, Musk made the decision that X.com would terminate its other Internet banking operations and focus on the PayPal money service. In the same month, Elon Musk was replaced by Peter Thiel as CEO of X.com. The X.com company was renamed PayPal in 2001, expanded throughout the year until company executives decided to take PayPal public in 2002.
Paypal's IPO ended up generating over $61 million. Shortly after PayPal's IPO, the company was acquired by eBay on October 3, 2002 for $1.5 billion, with a valuation of over $23 a share, or 77% above the IPO price. More than 70 percent of all eBay auctions accepted PayPal payments, 1 in 4 closed auction listings were transacted via PayPal. PayPal became the payment method used by a majority of eBay users, the service competed with eBay's subsidiary Billpoint, as well as Citibank's c2it, Yahoo!'s PayDirect, Google Checkout, Western Union's BidPay service, all of which closed in subsequent years. PayPal acquired the VeriSign payment solution in 2005 to expand its e-commerce business and provide added security support. In 2007, PayPal announced a partnership with MasterCard that led to the development and launch of the PayPal Secure Card service, a software that allows customers to make payments on websites that do not accept PayPal directly by generating a unique, single-use MasterCard number for each checkout.
By the end of 2007, the company generated $1.8 billion in revenue. In January 2008, PayPal acquired Fraud Sciences, a held Israeli start-up company with expertise in online risk tools, for $169 million, in order to enhance PayPal's fraud management systems. In November 2008, the company acquired Bill Me Later, an online payments company offering transactional credit at over 9000 online merchants in the US. PayPal revenues for Q1 2009 were $643 million, up 11 percent year over year. 42 percent of revenues in Q1 2009 were from international markets. PayPal's Total Payment Volume, the total value of transactions in Q1 2009 was nearly $16 billion, up 10 percent year over year. By 2010, PayPal had over 100 million active user accounts in 190 markets through 25 different currencies. In July 2011, fourteen alleged members of the Anonymous hacktivist group were charged with attempting to disrupt PayPal's operations; the denial of service attacks occurred in December 2010, after PayPal stopped processing donations to WikiLeaks.
On December 5, 2013, 13 of the PayPal 14 pleaded guilty to misdemeanor and felony charges related to the attacks. The company continued to build its Merchant Services division, providing e-payments for retailers on eBay. In 2011, PayPal announced that it would begin moving its business offline so that customers can make payments via PayPal in stores. In August 2012, the company announced its partnership with Discover Card to allow PayPal payments to be made at any of the 7 million stores in Discover Card's network. By the end of 2012, PayPal's total payment volume processed was US$145,000,000,000. and accounted for 40% of eBay's revenue, amounting to US$1,370,000,000 in the 3rd quarter of 2012. In 2013, PayPal acquired IronPearl, a Palo Alto startup offering engagement software, Braintree, a Chicago-based payment gateway, to further product development and mobile services. In June 2014 David Marcus announced. David Marcus succeeded Scott Thompson as president. PayPal announced that Marcus would be succeeded by Dan Schulman, who served as CEO of Virgin Mobile and Executive vice president of American Express.
It was announced on September 30, 2014, that eBay would spin off PayPal into a separate publicly traded company, a move demanded in 2013 by activist hedge fund magnate Carl Icahn. The spin-off was completed on July 18, 2015. Dan Schulman is the current President and CEO, with former eBay CEO John Donahoe serving as chairman. On Jan 31, 2018 eB
The 2016 BYU Cougars men's volleyball team represented Brigham Young University in the 2016 NCAA Division I & II men's volleyball season. The Cougars, led by first year head coach Shawn Olmstead, play their home games at Smith Fieldhouse; the Cougars were picked to win the MPSF in the preseason poll. BYU set; the streak ended at 35 straight sets. Radio information: BYU Radio simulcasted all BYUtv games with the BYUtv feed except March 18 against Pepperdine. March 18 against Pepperdine was pulled from BYU Radio so they could broadcast the BYU men's basketball NIT game instead. KBEACH broadcast; the radio call will be simulcast on LBSU TV. KKEA broadcast both BYU at Hawaiʻi matches live. Bruin TV broadcast. BYU Radio carried the NCAA Semifinal and Final.*-Indicates conference match. X-Indicates MPSF Tournament. Y-Indicates NCAA Playoffs Times listed are Mountain Time Zone. Loyola-Chicago: Jarom Jordan, Steve Vail, & Lauren Francom George Mason: Jason Shepherd & David Hyte Stanford: Jarom Jordan, Steve Vail, & Lauren Francom Stanford: Jarom Jordan, Steve Vail, & Lauren Francom Long Beach State: Jacob Fisk Long Beach State: Jacob Fisk UC Irvine: No commentators UC Irvine: No commentators UC Santa Barbara: Jarom Jordan, Steve Vail, & Lauren Francom UC Santa Barbara: Jarom Jordan, Steve Vail, & Lauren Francom Princeton: Brittany Smith & Mary Claire Bartlett Cal Baptist: Chris Velasquez Cal Baptist: Chris Velasquez Cal State Northridge: Jarom Jordan, Steve Vail, & Lauren Francom Cal State Northridge: Jarom Jordan, Steve Vail, & Lauren Francom Hawai'i: Kanoa Leahey & Chris McLachlin Hawai'i: Kanoa Leahey & Chris McLachlin Pepperdine: Jarom Jordan, Steve Vail, & Lauren Francom Pepperdine: Jarom Jordan, Steve Vail, & Lauren Francom UC San Diego: Tim Strombel & Ricci Luyties UC San Diego: Tim Strombel & Ricci Luyties UCLA: Anne Marie Anderson & Al Scates UCLA: Denny Kline & Peter Ashley USC: Jarom Jordan, Steve Vail, & Lauren Francom USC: Jarom Jordan, Steve Vail, & Lauren Francom UC Irvine: Jarom Jordan, Steve Vail, & Lauren Francom UC Santa Barbara: Jarom Jordan, Steve Vail, & Lauren Francom UCLA: Jarom Jordan, Steve Vail, & Lauren Francom Long Beach State: Ralph Bednarczyk Ohio State: Paul Sunderland & Kevin Barnett
Sweet Earth Flying is an album by American jazz saxophonist Marion Brown recorded in 1974 and released on the Impulse! label. The Allmusic review by Brian Olewnick awarded the album 4½ stars stating "Sweet Earth Flying is arguably Marion Brown's finest work and one of the underappreciated treasures of'70s jazz... Recommended to open-eared jazz fans of all tastes". All compositions by Marion Brown except as indicated "Sweet Earth Flying Part 1" - 3:38 "Sweet Earth Flying Part 3" - 5:55 "Sweet Earth Flying Part 4: Prince Willie" - 5:55 "Sweet Earth Flying Part 5" - 5:06 "Eleven Light City Part 1" - 7:16 "Eleven Light City Part 2" - 2:08 "Eleven Light City Part 3" - 5:50 "Eleven Light City Part 4" - 3:04 Marion Brown — alto saxophone, soprano saxophone Muhal Richard Abrams, Paul Bley — piano, electric piano, organ James Jefferson — bass, electric bass Steve McCall — drums, percussion Bill Hasson — percussion, narration