Bloomberg:

How PayPal’s user growth and stock price have risen after teaming up with former foes like Visa; sources: Venmo still loses hundreds of millions annually  —  In late 1999 a young computer scientist named Max Levchin started receiving emails from strangers about a web demo he’d created to illustrate the workings of an app.

How PayPal's user growth and stock price have risen after teaming up with former foes like Visa; sources: Venmo still loses hundreds of millions annually (Bloomberg)
Source: Tech Meme