Elon Musk was dethroned by Peter Thiel in a coup led by the ‘PayPal Mafia' [FOX Business Network]
PayPal Holdings, Inc. (PYPL)
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Source: FOX Business Network
Elon Musk was ousted by the so-called "PayPal Mafia" from his role as chief executive of the payment platform while he was on vacation for his honeymoon over two decades ago, according to a new biography about the billionaire. Musk, who became CEO of PayPal when the new brand was formed after his online bank X.com merged with Confinity, was wearing out his welcome with colleagues in the summer of 2000 due to disputes about the direction of the company following the merger, Musk biographer Walter Isaacson wrote in his new book "Elon Musk" that was released this week. Isaacson wrote that Musk was concerned with the threat fraud posed to PayPal's peer-to-peer payment services and was dismissive of co-founder Max Levchin's development of the CAPTCHA tool, which was designed to stave off fraud from automated bots. A nascent coup began to brew when Levchin vented his frustrations to some colleagues who shared his concerns about Musk's leadership style and wanted to see a change at th
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News
- Paypal (PYPL) Exceeds Market Returns: Some Facts to Consider [Yahoo! Finance]Yahoo! Finance
- PayPal (NASDAQ:PYPL) had its price target lowered by analysts at UBS Group AG from $80.00 to $65.00.MarketBeat
- Down 81%, Is It Time to Buy PayPal Stock? [Yahoo! Finance]Yahoo! Finance
- PayPal: A Re-Rating Is Inevitable (Rating Upgrade) [Seeking Alpha]Seeking Alpha
- PYPL, DJT, MU And More: 5 Stocks Investors Couldn't Stop Buzzing About This Week [Yahoo! Finance]Yahoo! Finance
PYPL
Earnings
- 10/28/25 - Beat
PYPL
Sec Filings
- 12/16/25 - Form 4
- 12/16/25 - Form 4
- 12/1/25 - Form 4
- PYPL's page on the SEC website