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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.
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. Musk is the wealthiest individual in the world; as of February 2025, Forbes estimates his net worth to be US$397 billion.
After a corporate restructuring, which involved the removal of Elon Musk from the company, the company adopted the name PayPal Inc. [citation needed] PayPal made an Initial Public Offering on the NASDAQ stock exchange on February 14, 2002. [7] The company was purchased by eBay in a $1.3 billion stock deal announced on July 8, 2002.
Elon Musk bought Twitter in 2022 with the hopes of turning it into “the everything app” that will let users zap money to each other and where they could eventually conduct their “entire ...
Earning money while playing games seems like a dream, but there are quite a few apps and sites that will pay you actual money for your time. Read on to learn more about the gaming apps you can ...
After purchasing Twitter, now named X, Elon Musk made a change to the blue checkmark verification system. The checkmark became a part of the X Premium subscription, with users able to pay $8 a ...
X.com, the company that would later merge with Confinity to become PayPal, is launched by Elon Musk. [3] 1999: July: Product launch: Confinity announces the launch of online payment service PayPal, intended to be usable via a web browser and via a Palm Pilot. At the launch party in July, Nokia Ventures uses PayPal to send $3 million in venture ...
In March 1999, Musk co-founded X.com, an online financial services and e-mail payment company, with US$10 million from the sale of Zip2. One year later, the company merged with Confinity, which had a money-transfer service called PayPal.In October 2002, PayPal was acquired by eBay for US$1.5 billion in stock, of which Musk received US$165 million.