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Things you didn’t know about Elon.

Cyberty

Elite
Founder
Joined
Jan 10, 2021
Messages
629

In 1995, Musk, his brother Kimbal, and Greg Kouri founded web software company Zip2 with funds from angel investors.[20] They housed the venture at a small rented office in Palo Alto.[44] The company developed and marketed an Internet city guide for the newspaper publishing industry, with maps, directions, and yellow pages.[45] Musk says that before the company became successful, he could not afford an apartment and instead rented an office and slept on the couch and showered at the YMCA, and shared one computer with his brother. When he and Kimbal could not agree on business decisions, they settled their differences through wrestling.[46] According to Musk, "The website was up during the day and I was coding it at night, seven days a week, all the time."[44] The Musk brothers obtained contracts with The New York Times and the Chicago Tribune,[47] and persuaded the board of directors to abandon plans for a merger with CitySearch.[48] Musk's attempts to become CEO, a position held by its Chairman Rich Sorkin,[49] were thwarted by the board.[50] Compaq acquired Zip2 for $307 million in cash in February 1999,[51][52] and Musk received $22 million for his 7-percent share.[53][54]
 
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Cyberty

Elite
Founder
Joined
Jan 10, 2021
Messages
629
In 1999, Musk co-founded X.com, an online financial services and e-mail payment company.[55] The startup was one of the first federally insured online banks, and, in its initial months of operation, over 200,000 customers joined the service.[56] The company's investors regarded Musk as inexperienced and had him replaced with Intuit CEO Bill Harris by the end of the year.[57] The following year, X.com merged with online bank Confinity to avoid competition.[44][57][58] Founded by Max Levchin and Peter Thiel,[59] Confinity had its own money-transfer service, PayPal, which was more popular than X.com's service.[53][60] Within the merged company, Musk returned as CEO. Musk's preference for Microsoft software over Unix created a rift in the company and caused Thiel to resign.[61] Due to resulting technological issues and lack of a cohesive business model, the board ousted Musk and replaced him with Thiel in September 2000.[62][note 2] Under Thiel, the company focused on the PayPal service and was renamed PayPal in 2001.[64][65] In 2002, PayPal was acquired by eBay for $1.5 billion in stock, of which Musk—the largest shareholder with 11.72% of shares—received $175.8 million.[66][67]

In 2017, Musk purchased the domain X.com from PayPal for an undisclosed amount, explaining it has sentimental value.[68][69]
 

Rube Reaper

Elite
Joined
Nov 15, 2021
Messages
2,836
Ya not sure where you would even hear or read that he cofounded PayPal. He took over a company founded by other people and got fired in like 5 months, before it was even PayPal.
This.

Musk is just a racist apartheid hetero.
 

tiderollsonu

A man from Nantucket
Founder
Joined
Jan 9, 2021
Messages
5,929
I didn't have to use google for my contribution.

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