109
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 26 Oct 2024
109 points (95.8% liked)
Technology
58875 readers
4407 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
How involved in the making of PayPal was he anyway?
PayPal was a service provided by a different company, Confinity, founded by Peter Thiel and others.
Musk didn't really have anything to do with it. He, with others, founded X.com, that was meant to be an online banking system, and sort of became a competitor to PayPal.
Eventually they merged and Musk became CEO and highest shareholder. 6 months later the board of directors replaced him with Thiel while he was out of the country, but Musk still made a fortune with his shares.
How involved was he in the making of any company he's 'involved' in?
As a general rule, not very. Musk doesn't create shit, he buys shit then profits off of other people's work
Probably the same as everything else (except Twitter): he gave them money and took credit for everything
He was a part of the story. The book The Founders goes into the beginnings of PayPal, Ebay, the other players, Elon being brought in, and Elon's origins. A good read and it's not all about Musk.