3 ms·
Yes, it's a bit confusing. Confinity created PayPal (roughly as we know it) before merging with X.com. X.com was a failed online bank and not really doing anyth
by staunch 9y ago
Yes, it's a bit confusing. Confinity created PayPal (roughly as we know it) before merging with X.com. X.com was a failed online bank and not really doing anything like PayPal's eBay stuff.
> Confinity launched its milestone product, PayPal, in late 1999.[1] Confinity merged with X.com, founded by Elon Musk, in March 2000. The merged company became known as X.com because this was thought to be a name with broader long-term potential than Confinity or PayPal. However, surveys showed that a majority of consumers considered the name X.com vague and potentially pornographic and preferred that the company simply be called PayPal. After a corporate restructuring, the company adopted the name PayPal Inc.
https://en.wikipedia.org/wiki/Confinity https://en.wikipedia.org/wiki/Confinity