> X.com was an online bank co-founded by Elon Musk, Harris Fricker, Christopher Payne, and Ed Ho in March 1999.[1] In March 2000, X.com merged with Confinity Inc., a software company based in Silicon Valley. Musk was attracted to Confinity because of its easy payment system. The merged company changed its name to PayPal. eBay bought PayPal for US$1.5 billion in 2002.[2] In July 2015, PayPal was spun off and became an independent company.[3]
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[ 3.0 ms ] story [ 15.1 ms ] thread> X.com was an online bank co-founded by Elon Musk, Harris Fricker, Christopher Payne, and Ed Ho in March 1999.[1] In March 2000, X.com merged with Confinity Inc., a software company based in Silicon Valley. Musk was attracted to Confinity because of its easy payment system. The merged company changed its name to PayPal. eBay bought PayPal for US$1.5 billion in 2002.[2] In July 2015, PayPal was spun off and became an independent company.[3]