PayPal is now worth 33 times what eBay paid for it in 2002

PayPal closed out its first day back on the stock market at $40.48 per share, valuing the company at 33 times what eBay originally paid for it in 2002. Though PayPal started trading below its original target of $45 per share, there’s lots of room for the stock to grow. Already the company is being valued well above its […]...