this post was submitted on 26 Oct 2024
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[–] [email protected] 14 points 2 hours ago (2 children)

What could Twitter possibly offer to make me switch banks?

What could Twitter possibly offer to make me switch brokers?

What could Twitter possibly offer to make me switch from Venmo and PayPal?

Which Americans are not in a similar position?

X Payments is doomed to fail. He missed the boat. The market is already saturated, and they've lost all brand loyalty.

[–] [email protected] 3 points 22 minutes ago

I ain't linking any bank accounts to that dystopian cesspool and its tyrant CEO with no regard for rule of law who constantly steps on legal landmines and skirts all regulations and precautions.

Like...PayPal had some bad practices, but nothing like the incompetence and complete disdain for his own users/customers that Musk brings to the table

[–] [email protected] 6 points 1 hour ago (5 children)

How involved in the making of PayPal was he anyway?

[–] [email protected] 6 points 34 minutes ago* (last edited 21 minutes ago)

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.

[–] [email protected] 1 points 6 minutes ago* (last edited 5 minutes ago)

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

[–] [email protected] 2 points 41 minutes ago

Probably the same as everything else (except Twitter): he gave them money and took credit for everything

[–] [email protected] 1 points 41 minutes ago

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.

[–] [email protected] 6 points 2 hours ago

And is anybody surprised?