Kinda the other way around. He co-founded an online banking site called https://X.com in '99 and it merged with a company called Confinity in early 2000. 6 months later, he was replaced by Peter Thiel and it was renamed Paypal in 2001. In 2002, it went public and was purchased by eBay a couple months later.
He apparently had surprisingly little to do with the company beyond being so unpleasant that he was 'forced' out of leadership, making a ton of money from the sale, and using the money to get involved with Tesla and SpaceX.
This think it is a '90 Xtreme thing. Just sounds 'cool' in his head. Like how he is now the head of DOGE.
I remember, after he purchased Twitter, he said he wanted to create an 'everything' app called X that would replace YouTube, LinkedIn, FaceTime, dating apps, and the entire banking industry.
True, as I learned after the post. However, Musk earned upward of $175 million when PayPal was sold to eBay in 2002, based on the total estimated purchase price of $1.5 billion, because he was still the largest shareholder at the time of the sale, with an 11.7% stake. He still fell upwards.
Yeah. Then I also have to inform/forewarn you that my information was out-of-date. He no longer has any control/influence in company. I like own my mistakes and I really should have double-checked before posting. People not doing that is why the Other Site went downhill.
Comments
I remember, after he purchased Twitter, he said he wanted to create an 'everything' app called X that would replace YouTube, LinkedIn, FaceTime, dating apps, and the entire banking industry.
People also ask:
Does Elon Musk still own PayPal?
Musk no longer holds a stake in PayPal.
He exited his position after the sale of the company and used his proceeds from the sale to fund investments such as SpaceX, Tesla, and SolarCity.
🖊 download storygraph and delete goodreads ✅️
🖊 Immediately delete PayPal