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To understand Musk's renewed obsession with X and focus on financial services, you REALLY need to understand the X/Confinity merger that became PayPal.
And, particularly, the Peter Thiel-led coup that kicked Musk out as CEO/Chief Strategist.
Here's how that happened. 1/
#history #technology
@garius Pretty interesting filling in the details. I thought Thiel & Musk were tight TechBros with each other, but this outline actually makes pretty good sense. No Loyalty or Honor Amongst Thieves… They’re just in it for themselves. So, quit looking to them to save your climate-fried ass!
@Louis_Renault @garius
They’re both fascists but this story is all about business and Elmo’s horrifically bad judgment.
@freediverx @Louis_Renault yup. they're both absolute wrong 'uns. But that's also why they're good at functioning together while also occasionally backstabbing each other.
Thiel was one of SpaceX's backers almost immediately after couping Elon out of PayPal, for example.