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Is This Minimalist Symbol PayPal’s New Logo After Its Separation From eBay?
By Melissa Goh, 21 Jul 2015
Image via PayPal.
PayPal celebrates a new milestone on Monday, 20 July 2015, as the company traded on the Nasdaq stock exchange as an independent, publicly traded company.
A day after being spun off by eBay Inc., PayPal traded in the stock market under their old ‘PYPL’ stock ticker symbol before being acquired by its former parent company in 2002.
This original symbol can also be seen on the company’s website, which switches between this mark and the company's current logo, and on the corporate t-shirts worn by the staff, suggesting the possibility of it becoming PayPal’s new logo.
The PYPL symbol first made an appearance on the company’s blog when it announced separation from eBay in May—it now features the acronym of the company framed within a box in its signature blue, bearing an uncomplicated modern design, with an understated typeface.
Dan Schulman, CEO of the digital commerce company wrote, “PYPL is a meaningful symbol for PayPal. It signifies our unbroken commitment to the original vision that sparked the launch of this company 17 years ago.”
According to Business Insider, Paypal is valued at approximately US$50 billion, overtaking eBay’s value of about US$33.6 billion.
The separation was announced last year after activist investor Carl Icahn pointed out that eBay was depressing the value of both companies with its poor management.
Scroll down to have a closer look at the PYPL symbol.
Image via PayPal.
Image via screen shot from PayPal.
Before. Image via screen shot from PayPal's website.
After. Image via screen shot from PayPal's website.
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