this post was submitted on 26 Oct 2024
153 points (96.9% liked)

Technology

59987 readers
2785 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 2 years ago
MODERATORS
L3s
[email protected]
[email protected]
L4s
enu
153
X Payments delayed after Musk’s X weirdly withdrew application for NY license (arstechnica.com)
submitted 1 month ago by [email protected] to c/technology
13 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] fluxion 25 points 1 month ago* (last edited 1 month ago)

PayPal was a service provided by a different company, Confinity, founded by Peter Thiel and others.

Musk didn't really have anything to do with it. He, with others, founded X.com, that was meant to be an online banking system, and sort of became a competitor to PayPal.

Eventually they merged and Musk became CEO and highest shareholder. 6 months later the board of directors replaced him with Thiel while he was out of the country, but Musk still made a fortune with his shares.