Thiel, Elon & Co. sold PayPal almost two decades ago. That’s from where they got the money for SpaceX (Thiel is an early investor in SpaceX too).
this post was submitted on 11 Mar 2025
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Curious about other inaccuracies in that list.
As far as I can tell it’s correct. It just failed to disclose the sale of PayPal.
A lot of what is in the list is irrelevant because the companies do not exist anymore. SolarCity is just Tesla now (I have a solarcity system that is now managed…badly…by Tesla)
It's not inaccurate. It just says Musk is a co-founder of Paypal, nothing about the current ownership. Would have been better to mention that, though.
According to its website, The Boring Company believes major cities need either flying cars or tunnels in order to get rid of traffic. Musk settled on the latter solution because tunnels aren’t impacted by weather changes and “won’t fall on your head.”
It is like he wasn't aware that subways exist.
He is a certain type of anti-intellectual who believes "nothing is true unless I discover it myself."
Education is useless, truth is a lie, etc, etc.
So he destroys everything he touches until he can recreate knowledge himself, poorly, expensively, and redundantly. Then declares himself a genius for getting back to basically where the rest of humanity already was years ago.
Plus I doubt he ever accepts being wrong
You've got to see what they built in Vegas, it looks like a comedy skit.
Cars are a status symbol. He hasn’t forgotten alternatives exists he just despises their existence because they are beneath him.
To the rich any service of society that is not catered exclusively to to the rich is a disgrace and a threat to their ego.
Or that tunnels can collapse.
This is one of my favorite videos on the internet. Tech bros reinventing things: https://youtu.be/3jhTnk3TCtc
He owns a car company, why would he glorify what he sees as competition?
PayPal holds a functional Monopoly in some spaces, so idk how effective that can be
It's also not owned by Elon
I don't even have a PayPal account, and purchase things just fine. Avoid those spaces if possible
How does it hold a monopoly?
What's the deal with OpenAI and xAI? Apparently he is no longer on the board of OpenAI but is still a financial backer. Yet he's also starting a company to compete directly with them. Why sabotage his own interests?
Well I figure he does want control.
Also, if theres two competitors and both could give more than a 2x return, then its a safe bet. The only way its an unsafe bet is if they can both fail, but hes clearly not thinking about that kind of thing.
Just dumped chatgpt for Le chat. We'll see how this pans out
Personally, I'd really like the option of running LLMs locally, but the hardware requirements make it hard. Small models run okay on CPU or low-end GPUs, but anything approaching the complexity and usefulness of GPT4 or DeepSeek requires a hefty GPU setup. Considering how much even old hardware like the P40 has gone up in price, it's hard to justify the cost.
Sabotaging his own interests is all he does. Should have stuck to running his businesses and not get involved in politics, calling people names, doing nazi salutes, etc. Fuck around and find out is his motto it seems.
I want to leave PayPal now.
That are far more reasons to abandon PayPal other than (past) connections to musk.
It's not a Musk company.
It’s not a Musk company. It’s owned by E-Bay.
Even that is old news. Ebay spun off paypal into a separate company in 2015.
"It was announced on September 30, 2014, that eBay would spin off PayPal into a separate publicly traded company, a move demanded in 2013 by activist hedge fund magnate Carl Icahn. The spin-off was completed on July 18, 2015." source
Mate this is helpful 😊