Paypal Pledges Over $500 Million to Support Minority-Owned U.S. Businesses

Source: Reuters »

PayPal Holdings Inc (PYPL.O) said on Thursday it was pledging $530 million to support black and minority-owned businesses in the United States and foster diversity, amid worldwide protests over racial injustice.

The bulk of the money – $500 million – will be devoted to the creation of a economic opportunity fund that will invest in black and under-represented minority businesses and communities, the U.S. electronic payments firm said, according to…

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