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> They merged with Confinity who'd already built PayPal, had a working prototype, etc. Interesting, need to read about it. So similar story as with Tesla? Exis
by FabHK 1y ago
> They merged with Confinity who'd already built PayPal, had a working prototype, etc.
Interesting, need to read about it. So similar story as with Tesla? Existing opinion nicely confirmed.
- Suppafly 1y agoI've got a Confinity Paypal tshirt from a job fair I went to in 2000 or 2001 from back when they envisioned people using palm pilots to transfer money. I always think it's hilarious that people give Elon any credit for doing anything at the company.
- pyman 1y agoThe people who give him credit are the same people who sold PayPal for $1.5 billion in July 2002: Peter Thiel, Max Levchin, Luke Nosek, Reid Hoffman, David Sacks, Ken Howery, Jeremy Stoppelman, Russel Simmons. Elon was removed as CEO in 2000, but he remained the largest individual shareholder when PayPal went public.
- kragen 1y agoI saw people using PalmPilots to transfer money on PayPal in 02001.
- bostik 1y agoSome of the history between the two companies is covered in a book, "Paypal Wars.[0] Among other things it happens to spotlight Musk's fascination with having "X" as the company name, especially for a bank. 0: https://en.wikipedia.org/wiki/The_PayPal_Wars https://en.wikipedia.org/wiki/The_PayPal_Wars
- everfrustrated 1y agoYup. Also explains why X is trying to move into payments now. Elon seems to need to finish a vision he didn't get a chance to finish back then.
- shkkmo 1y ago> So similar story as with Tesla? Existing opinion nicely confirmed. How is that similar? Tesla was 2 dudes and an office with no IP and no product when Musk became the lead investor and chairman of the board. Whereas when Cofinity and X.com merged it was as two functioning companies operating in the same market. What similarity do you see?