They're front people.. His involvement with PayPal. LOL! You cannot get settlement banks to approve money transfers unless you are in the baby eating club.
Later in 1999, Musk co-founded X.com, an online financial services and e-mail payment company.[53] X.com was one of the first federally insured online banks and over 200,000 customers joined after its initial months of operation.[54] Even though Musk founded the company, investors regarded him as inexperienced and replaced with Intuit CEO Bill Harris by the end of the year.[55]
In 2000, X.com merged with online bank Confinity to avoid competition[46][55][56] as Confinity's money-transfer service PayPal was more popular than X.com's service.[57] Musk then returned as CEO of the merged company. His preference for Microsoft over Unix-based software caused a rift among the company's employees and Peter Thiel, Confinity's founder, to resign.[58] In addition to compounding technological issues and a lack of a cohesive business model, the board ousted Musk and replaced him with Thiel in September 2000.[59][b] Under Thiel, the company focused on the money transfer service and renamed as PayPal in 2001.[61][62]
The next year, PayPal was acquired by eBay for $1.5 billion in stock, of which Musk owned the largest marketshare << BULLSHIT!
Elon as well as gates and many others are not genuine success stories they were created !!
They're front people.. His involvement with PayPal. LOL! You cannot get settlement banks to approve money transfers unless you are in the baby eating club.
Later in 1999, Musk co-founded X.com, an online financial services and e-mail payment company.[53] X.com was one of the first federally insured online banks and over 200,000 customers joined after its initial months of operation.[54] Even though Musk founded the company, investors regarded him as inexperienced and replaced with Intuit CEO Bill Harris by the end of the year.[55]
In 2000, X.com merged with online bank Confinity to avoid competition[46][55][56] as Confinity's money-transfer service PayPal was more popular than X.com's service.[57] Musk then returned as CEO of the merged company. His preference for Microsoft over Unix-based software caused a rift among the company's employees and Peter Thiel, Confinity's founder, to resign.[58] In addition to compounding technological issues and a lack of a cohesive business model, the board ousted Musk and replaced him with Thiel in September 2000.[59][b] Under Thiel, the company focused on the money transfer service and renamed as PayPal in 2001.[61][62]
The next year, PayPal was acquired by eBay for $1.5 billion in stock, of which Musk owned the largest marketshare << BULLSHIT!
https://www.edge.org/event/the-edge-billionaires-dinner-2011