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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 ...
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. These mergers allowed PayPal to expand into the wireless phone market and transformed it into a safer and more user-friendly tool by enabling users to transfer money via a free ...
Elon Reeve Musk was born on June 28, 1971, in Pretoria, South Africa's administrative capital. [ 2 ] [ 3 ] He is of British and Pennsylvania Dutch ancestry. [ 4 ] [ 5 ] His mother, Maye ( née Haldeman ), is a model and dietitian born in Saskatchewan , Canada, and raised in South Africa.
When President-elect Donald Trump won re-election to the presidency on Nov. 5, stock markets immediately began to soar. As most of the world's richest people own stocks and/or run businesses that...
The claim: Elon Musk agreed to purchase CNN for $3 billion. A Nov. 6 Facebook post (direct link, archive link) shows side-by-side images of the CNN logo and billionaire Elon Musk.
Max Levchin, founder and chief technology officer at PayPal. Current CEO of Affirm. Elon Musk, co-founder of Zip2, founder of X.com which merged with Confinity to form PayPal. Musk later bought a controlling share in Tesla Motors, founded SpaceX, OpenAI, Neuralink, and The Boring Company, and purchased Twitter (rebranded as X).
How did Elon Musk start making money? Elon Musk began building his fortune by starting the company Zip2. The company was acquired by Compaq in 1999 for $307 million, of which a 27-year-old Musk ...
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.