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The PayPal Mafia Built Tesla, LinkedIn, and YouTube. Why Is PayPal Stock Still Down 81%? [Yahoo! Finance]
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US:NASDAQ Investor Relations: ir.tesla.com
The lesson of the PayPal Mafia is that serving as a launchpad for brilliant people does not guarantee lasting outperformance. The analyst who called NVIDIA in 2010 just named his top 10 AI stocks. Get them here FREE PayPal Holdings NASDAQ: PYPL ) trades near $51 a share today, down nearly 81% from five years ago. Meanwhile, alumni who left built Tesla, LinkedIn, YouTube, Palantir, and Affirm. That is the paradox at the center of one of fintech's most striking stories. The PayPal Mafia, Briefly The term "PayPal Mafia" was coined by Fortune in 2007, which describes the network of founders and early employees who departed after eBay's 2002 acquisition and reshaped Silicon Valley. The list includes Elon Musk (Tesla, SpaceX), Peter Thiel (Palantir, Founders Fund), Reid Hoffman (LinkedIn), Chad Hurley, Steve Chen, and Jawed Karim (YouTube), Jeremy Stoppelman (Yelp), David Sacks, Roelof Botha, Max Levchin (Affirm), and Keith Rabois. YouTube was sold to Google for $1.65 billion in 20
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