In the March 2000, Confinity combined with x.com, an online economic features team centered inside March 1999 because of the Elon Musk, Harris Fricker, Christopher Payne, and you may Ed Ho. Musk is optimistic about the upcoming popularity of the money import company Confinity try developing. Musk and you may Bill Harris, then-president and you will President out of X.com, disagreed about the upcoming success of the bucks transfer team and Harris leftover the company in may 2000. Inside the October of these year, Musk decided one X.com do terminate the other sites financial functions while focusing for the PayPal. You to exact same few days, Elon Musk is actually replaced because of the Peter Thiel as the Ceo away from X.com, which had been rebranded PayPal inside the 2001 and you may went social inside 2002. PayPal’s IPO noted within the ticker PYPL at the $13 per express and you will produced more $61 million.

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