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Events on Thursday 3 October 2002 1
2002eBay acquires PayPalOnline marketplace buys its dominant payment serviceeBay completed its purchase of PayPal in a stock deal worth about 1.5 billion dollars on 3 October 2002, having previously promoted its own payment system. PayPal became the default way to pay on the site and grew into a global payments company. Several of its early leaders went on to found or fund firms such as Tesla, YouTube and LinkedIn.