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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 ...
Elon Reeve Musk (/ ˈ iː l ɒ n m ʌ s k /; born June 28, 1971) is a businessman and political figure known for his key roles in the automotive company Tesla, Inc. and the space company SpaceX. Since January 2025, he is serving as Administrator of the Department of Government Efficiency , under the second Donald Trump presidential ...
eBay, PayPal, Kijiji and StubHub, 500 King Street West, Toronto, April 2014. PayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers; it serves as an electronic alternative to traditional paper methods such as checks and money orders.
Elon Musk has a net worth of around $264 billion, ... It soon merged with Peter Thiel's Confinity to become PayPal, and the company was bought for $1.5 billion by eBay in 2002. Despite having been ...
Learn which investments helped make Elon Musk the richest person in ... Co-founder of online payment system PayPal, which was sold to eBay in 2002 for $1.5 billion. (Ebay later spun out PayPal in ...
Musk was an early investor in his brother's venture X.com, an online financial services and email payments company. X.com merged with PayPal, which in October 2002 was acquired by eBay for $1.5 billion in stock. [23] While Elon stayed in California, Kimbal moved to New York [22] and enrolled into the French Culinary Institute in New York
How he changed the way we live: In 1998, Peter Thiel and Max Levchin founded Confinity, a digital payment platform that became PayPal after merging with Elon Musk's X.com. Thiel served as PayPal's ...
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.