Search results
Results From The WOW.Com Content Network
X.com was an American online bank founded by Ed Ho, Harris Fricker, Elon Musk, and Christopher Payne in 1999 in Palo Alto, California.It merged with competitor Confinity in 2000 and the merged company changed its name to PayPal in 2001.
Learn which investments helped make Elon Musk the richest person in the world. ... Co-founder of online payment system PayPal, which was sold to eBay in 2002 for $1.5 billion. (eBay later spun out ...
When PayPal launched at a press conference in 1999, representatives from Nokia and Deutsche Bank sent $3 million in venture funding to Thiel using PayPal on their PalmPilots. PayPal then continued to grow through mergers in 2000 with Elon Musk 's online financial services company X.com , and with Pixo , a company specializing in mobile commerce.
In 2002, PayPal was acquired by eBay for $1.5 billion in stock, of which Musk—PayPal's largest shareholder with 11.7% of shares—received $176 million. [26] [27] In 2017, more than 15 years later, Musk purchased the X.com domain from PayPal for its "sentimental value". [28] [29] In 2022, Musk discussed a goal of creating "X, the everything ...
Via the Elon Musk Revocable Trust, the SpaceX founder is also listed. Musk purchased the site for $44 billion in 2022, though the filing did not make clear the proportion of his investment versus ...
Who and what exactly is invested in Elon Musk’s X Holdings, the entity behind the X platform and X.ai, is about to become a matter of public record.. In a Tuesday ruling, a federal judge in ...
Elon Reeve Musk (/ ˈ iː l ɒ n m ʌ s k /; born June 28, 1971) is a businessman and U.S. special government employee, best known for his key roles in Tesla, Inc. and SpaceX, and his ownership of Twitter.
PayPal went on to outline $900 million in cost cuts to appease Elliott — mostly through layoffs, real estate consolidation, and project cutbacks. It also uncorked a $15 billion stock buyback plan.