Paypal mafia elon musk11/18/2023 Aside from their ties to Musk in the business world, Rabois and former PayPal chief operating officer David Sacks share Musk's libertarian leanings, his disdain for California politics, and inclination to skewer the proverbial mainstream media. It's no surprise that some of Musk's old PayPal peers have scoffed at coverage of the new Twitter chief. Musk and his electric car company Tesla moved to Austin, Texas, while Rabois and his venture capital firm's new offices landed in the Magic City. In lockstep with Musk, Rabois departed the Bay Area in the midst of the COVID-19 pandemic, decrying California's handling of the crisis and claiming he was off to greener pastures. Rabois and Musk were early leaders of online payment processor PayPal and earned a substantial portion of their fortunes from the company's success. Some of Musk's fellow Silicon Valley expatriates have been cheering him on from afar in South Florida, including Keith Rabois of the Founders Fund, a San Francisco-based venture capital firm that set up shop in Miami last year. Musk shrugged off the exodus, saying, "The best people are staying, so I’m not super worried." With critical teams gone, speculation abounded that the platform would begin crumbling any day. Hundreds of workers responded by departing en masse. Last week, he gave Twitter’s remaining employees a 36-hour ultimatum: leave the company or commit to an "extremely hardcore" redevelopment of Twitter. Among other contentious moves, Musk laid off Twitter workers, fired those in dissent (in some cases publicly), and generated mass confusion with a new blue-check Twitter verification system. The Trump Twitter reinstatement was just the latest controversy sparked by Musk since he took over the social media giant last month as part of a $44 billion acquisition. NAACP President Derrick Johnson said in a statement that “in Elon Musk’s Twittersphere, you can incite an insurrection" and "still be allowed to spew hate speech and violent conspiracies on his platform.” "Trump will be reinstated."Ĭivil rights groups have warned that if Trump returns to the platform, his daily barrage of conspiracy theories and misinformation will further destabilize the country. "The people have spoken," Musk wrote on Twitter the evening of November 19. Musk announced over the weekend that he'd be restoring Trump's account following an informal poll in which 15 million users participated, the majority of whom voted to bring Trump back to the social media platform, according to Musk. While Trump's account is once again active, it remains unclear if or when the former president will actually return to Twitter. Oops.Nearly two years after Twitter banned former President Donald Trump's account for inciting the January 6 Capitol Hill riot, the social media platform's new leader Elon Musk has reinstated him. Musk had to make do with an individual shot before rushing to catch his plane. The person who coordinated everyone's schedule's flubbed that tidbit, and scheduled the group for the afternoon. (Who, by the way, happened to be Musk's housemate in college.) Musk was scheduled to receive a magazine's innovator of the year award in Chicago and had a hard stop at 12:30 p.m. There was no acrimony, just a scheduling conflict, Musk told me at the unveiling of founder Adeo Ressi. So why wasn't Musk included in the large group shot? Did Thiel pull some strings to keep him separated from the core gang? This image was lost some time after publication, but you can still view it here. The other missing link? X.com founder Elon Musk, who has a controversial history with PayPal-gang godfather Peter Thiel. YouTube founders Chad Hurley and Steve Chen were, as we surmised, nixed from allowing to participate in the shot once the corporate handlers at Google got wind of the theme. But, if you look closely, there are three people missing from the main group shot of the players. This image was lost some time after publication, but you can still view it here.Īccompanying the Fortune article about the PayPal mafia is a fantastic shot of the article subjects dressed as gangsters.
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