Elon Musk's Paypal Merger Tactics Slammed By Former PayPal Executive: 'Now That We're Married, Let Me Tell You About The Herpes'
Portfolio Pulse from Benzinga Neuro
Reid Hoffman, former COO of PayPal Inc (NASDAQ:PYPL), criticized Elon Musk's handling of the merger that led to the creation of PayPal. Musk's internet banking firm, X.com, merged with Confinity, a security software company co-founded by Peter Thiel, in 2000. Hoffman accused Musk of pushing for the merger by highlighting the talents of X.com’s leading executive, only to later force out that executive and assume the top position himself.
August 22, 2023 | 1:26 am
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The criticism of Elon Musk's handling of the PayPal merger by former COO Reid Hoffman may raise questions about the company's past leadership decisions.
While the news is directly related to PayPal, it pertains to historical events and the company's past leadership. It is unlikely to have a significant impact on the company's current operations or its stock price in the short term.
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