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by packetbeats
4770 days ago
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According to the "PayPal wars" book PayPal didn't acquire X.com, it was a 50-50 merger. It is true (again, according to this book written by a PayPaler) that Musk wasn't as important to the PayPal success as the "funder" title would imply, but he did drive innovation into the space as a competitor and then saved the company from the hands a clueless CEO. It's very hard to say if PayPal would have succeeded without him. For one, it would have probably been much harder for PayPal to raise 100 Mio without the X.com merger. They got that amount shortly before the dotcom crash, so it was crucial for their survival. |
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