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X.com was renamed PayPal and purchased by eBay in 2002. PayPal's employees had difficulty adjusting to eBay's more traditional corporate culture, and within four years all but 12 of the first 50 employees had left. They remained connected as social and business acquaintances, and several of them worked together to form new companies and venture firms. This group of PayPal alumni became so prolific that the term PayPal Mafia was coined. The term gained even wider exposure when a 2007 Fortune

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