Sorry but Wikipedia disagrees with you and so does the US Government in the person of the Securities and Exchange Commission  The Xcom company was then renamed PayPal in  Thats a quote from Wikipedias PayPal article The article references PayPals own history which states that  in March  Confinity merges with Xcom taking on its company name and  in June  PayPal officially takes its name Xcom officially changes its name to PayPal to match the name of its most popular product Id say that was pretty conclusive But theres more Your comments about Xcom and Confinity becoming part of PayPal represents a complete misunderstanding of how company law works A company is a legal entity there were two entities and then one of them was swallowed by the other and ceased to exist If youre not sure about that just check the SEC here This site is the definitive record so theres no getting round what it says It shows TWO companies called PayPal not one PayPal Funds Inc was formerly Xcom Funds and is essentially a bagman for PayPal Inc And this document supplied by shareholders states that PayPal Inc resulted from a merger between Confinity Inc and Xcom Corporation As for the name change the document states that We incorporated as Xcom Corporation in March  On March   Xcom merged with Confinity Inc with Xcom as the surviving entity We formally changed our name to PayPal Inc in February  So there you have it from the horses mouth and accepted as fact by the SEC XCom Inc swallowed Confinity Inc which ceased to exist Some time later XCom became PayPal Inc XComs financial infrastructure became PayPals financial infrastructure It would be misleading in the extreme to say anything else