Q 01/05

Under what name was the company that became PayPal originally established in December 1998?

A) Beamit

B) Fieldlink

C) Confinity

D) X.com

Answer · why

B) Fieldlink

It was soon renamed Confinity and made security software for hand-held devices before pivoting to a digital wallet.

Q 02/05

Which three men founded the company that became PayPal?

A) Max Levchin, Peter Thiel and Luke Nosek

B) Elon Musk, Harris Fricker and Ed Ho

C) Steve Chen, Chad Hurley and Jawed Karim

D) Reid Hoffman, David Sacks and Roelof Botha

Answer · why

A) Max Levchin, Peter Thiel and Luke Nosek

The first version of the PayPal payments system launched in 1999.

Q 03/05

With which company, founded by Elon Musk in March 1999, did Confinity merge in March 2000?

A) Zip2

B) Billpoint

C) X.com

D) c2it

Answer · why

C) X.com

Musk had co-founded it with Harris Fricker, Christopher Payne and Ed Ho as an online financial services firm.

Q 04/05

Who replaced Elon Musk as CEO of X.com in October 2000?

A) Reid Hoffman

B) Bill Harris

C) Max Levchin

D) Peter Thiel

Answer · why

D) Peter Thiel

That same month Musk had decided the company would drop its other banking operations and focus on payments; the firm was renamed PayPal in June 2001.

Q 05/05

At what price per share did PayPal list on NASDAQ in its 2002 IPO?

A) $8

B) $10

C) $13

D) $5

Answer · why

C) $13

The offering raised over $61 million under the ticker PYPL, the same symbol it returned to in 2015.