It all worked out in the end, but it sure felt terrible at the time - probably like the Confinity team felt when Peter stepped aside as CEO in the first place. Mergers are tough. [Just to ...

Check it out. Peter Thiel: making big bets and courting controversy Peter Thiel cofounded the company that became PayPal (it was originally called Confinity) and oversaw its IPO in 2002 and sale ...

But his plans had been blocked by Confinity, a company led by Thiel. The two were about to discuss a “shotgun marriage” merger to end their destructive competition. Musk, pulling rank ...

WHO owns PayPal and what other companies do they run? PayPal is an internet money transfer company and was first established as Confinity in 1998. Since then, the company has gone from strength to ...

This is the fourth post of a five-part series from a conversation between Founders Fund cofounder Peter Thiel and LinkedIn cofounder and Greylock partner Reid Hoffman. One new video will be ...

After more than a year of getting nowhere fast, they renamed the company Confinity (that’s a photo of the original team up top) and altered their strategy to beam IOUs from Palm Pilot to Palm Pilot.

In 2000 Elon Musk was fired as CEO of X.com after it merged with software company Confinity, which featured PayPal as a service. In 2001, the company was rebranded to PayPal. What's False The ...

Elon Musk yearned for a technological overhaul of the company that ran PayPal, and he wanted that change to start with the letter X — even if some thought it reminded them of pornography.

Confinity was co-founded by Peter Thiel and Max Levchin, now notable internet entrepreneurs and investors — Thiel became a billionaire by investing early in Facebook, while Levchin went on to ...

PayPal was first developed as a money-transfer service by startup Confinity Inc. in 1999. In 2000, Confinity merged with Elon Musk's online banking site X.com, which later changed its name to ...

In January 2000, a young Stanford University student named Paul Martin walked into the office of a fledgling tech company called Confinity on University Avenue in Palo Alto. He was there to see ...

X.com, Elon Musk's former online bank, stems from that era. In 2000, it combined with a company called Confinity to form PayPal, and Musk himself joined a group of like-minded entrepreneurs called the ...