PayPal Invests $500 Million In Uber
A year after eBay announced that it was dropping PayPal as a form of payment on its website, the payment processing giant has come out with a big investment to strengthen its partnership with Uber. According to PayPal’s president and CEO, Dan Schulman, the company has decided to expand on its partnership with Uber for “future payment collaborations” and “Uber’s digital wallet”. Schulman mentioned that the $500 million investment is going to be used for a private placement. With that being said, he remained tight-lipped on what the investment’s terms entailed. Uber’s IPO is Just Down the Line But even…





