PayPal CEO Dan Schulman in New York in 2016.
Sarah Tew/CNET
Donations and words of support for the Black community flooded in from tech companies for the past few weeks following the killing of George Floyd by police. The largest commitment from the industry came from PayPal, which said it will invest $500 million in Black and minority businesses and give away $30 million.
The funding is a continuation of how PayPal CEO Dan Schulman has run the digital payments business for the past five years, with the company repeatedly pushing to support minorities, even amid heavy criticism and controversy when doing so.
Source CNET Internet News
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