PayPal is now worth more than Netflix, eBay, and Twitter

PayPal started trading as an independent company on Monday, following its spin out from eBay last week – and it’s already worth more than some of the biggest tech companies.

According to this chart put together by Statista, as of early Monday, PayPal had a market cap of $49.5 billion, which is higher than that of Netflix, eBay, and Twitter. That means the market is giving PayPal a much higher value than its former parent company, eBay – the company that previously acquired PayPal for $1.5 billion back in 2002 – before splitting it out due to pressure from activist investors like Carl Icahn.

As an independent company, PayPal is a digital payment juggernaut, with more than 169 million users worldwide. The in-app payment technology provider Braintree and the peer-to-peer payment app Venmo are both under PayPal’s umbrella, while global money transfer service Xoom was also acquired earlier this month.

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