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In March 2000, X.com merged with its fiercest competitor
Confinity, a software company also based in Palo Alto which had also developed an easy payment system. The new company was named PayPal. Musk was its biggest shareholder and was appointed as its CEO. Started in 1998, Confinity's product PayPal
558:
Customers were not assessed fees or overdraft penalties. New member referrals were rewarded with a $ 20 cash card and a $ 10 card for each new sign-up. These features were unique for their time. For instance, customers could send money to another person by entering their email address into X.com.
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Throughout the 1990s, Elon Musk envisioned creating a full-service online bank that provided checking and savings accounts, brokerage, and insurance. Musk commented in a 1999 interview with
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586:, Musk invested about $ 12 million into co-founding X.com in March 1999 with Harris Fricker, Christopher Payne, and Ed Ho. Fricker worked with Musk when Musk was an intern at the
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Due to conflict on how to run the company, Musk fired
Fricker five months after X.com had started, and the other two co-founders, Payne and Ho left consequently.
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In
September 2000, when Musk was in Australia for a honeymoon trip, the X.com board voted for a change of CEO from Musk to
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575:: "I think we're at the third stage now where people are ready to use the Internet as their main financial repository."
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and executive at Zip2. The company was initially run from a house before moving to an office in Palo Alto.
547:. The company was initially funded by Elon Musk and Greg Kouri, who went on to fund Musk's later ventures:
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In July 2017, PayPal sold the domain x.com back to Elon Musk. Starting in 2023, x.com began being used by
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In
January 1999, Musk formally began planning an online bank while in the process of selling his company
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CEO Bill Harris serving as the inaugural CEO. Within two months, X.com attracted over 200,000 signups.
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Additionally, customers could open an account strictly with online registration with no need to mail a
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This article is about the defunct online bank. For the current holder of the X.com domain, see
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616:. Subsequently, PayPal developed to allow users to send money using email and the web.
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The
Founders: The Story of Paypal and the Entrepreneurs Who Shaped Silicon Valley
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961:"From Twitter to X: Elon Musk Begins Erasing an Iconic Internet Brand"
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which was acquired by Musk in 2022 and subsequently rebranded to X.
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with banking services provided by First
Western National Bank, an
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The
Contrarian: Peter Thiel and Silicon Valley's Pursuit of Power
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which was acquired by Musk in 2022 and subsequently rebranded to
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Elon Musk: Tesla, SpaceX, and the Quest for a
Fantastic Future
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Elon Musk: Tesla, SpaceX, and the Quest for a
Fantastic Future
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X.com officially launched on
December 7, 1999, with former
590:, Payne was a friend of Fricker, and Ho was an engineer at
683:"Grieg Kouri, early investor in PayPal, dies in New York"
1309:
Power Play: Tesla, Elon Musk, and the Bet of the Century
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and in 2001, the merged company changed its name to
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535:X.com developed and operated a financial services
845:"X.com Names Names Bill Harris President and CEO"
612:to send money to each other through the devices'
1294:Ludicrous: The Unvarnished Story of Tesla Motors
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989:"Twitter is now X. Here's what that means"
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1555:American companies disestablished in 2000
959:Mac, Ryan; Hsu, Tiffany (July 24, 2023).
847:. X.com. December 7, 1999. Archived from
657:"Security Flaw Discovered at Online Bank"
1580:Companies based in Palo Alto, California
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1550:American companies established in 1999
582:. A month after Zip2 was purchased by
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729:Tolliver, Craig (December 10, 1999).
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507:. In 2000, it merged with competitor
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1540:2000 disestablishments in California
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503:, and Christopher Payne in 1999 in
1575:Defunct banks of the United States
1050:. New York: Simon & Schuster.
499:founded by Ed Ho, Harris Fricker,
14:
1535:1999 establishments in California
1302:One Crew over the Crewcoo's Morty
393:One Crew over the Crewcoo's Morty
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1105:
1080:(2nd ed.). New York: Ecco.
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987:Irina Ivanova (July 31, 2023).
731:"X.com opens its virtual doors"
681:Hull, Dana (August 13, 2012).
515:. Starting in 2023, the x.com
1:
1545:2000 mergers and acquisitions
1565:Banks disestablished in 2000
152:www.x.com (defunct, archive)
1381:Talulah Riley (second wife)
101:; 24 years ago
53:; 25 years ago
1611:
1481:Elon Musk's Tesla Roadster
1279:The Musk Who Fell to Earth
386:The Musk Who Fell to Earth
18:
1570:Banks based in California
1560:Banks established in 1999
1504:
1437:December 2022 suspensions
1376:Justine Musk (first wife)
1251:
125:; URL reused in 2024 for
1325:Elon Musk's Crash Course
448:2022 Twitter suspensions
401:Elon Musk's Crash Course
379:The Platonic Permutation
176:This article is part of
1238:Twitter under Elon Musk
433:Tesla Roadster in space
312:Twitter under Elon Musk
117:Merged March 2000 with
1496:Billionaire space race
1427:Acquisition of Twitter
1391:Shivon Zilis (partner)
25:X.com (disambiguation)
23:. For other uses, see
1486:Elon Musk filmography
1449:Tesla, Inc. criticism
1366:Kimbal Musk (brother)
1023:. New York: Penguin.
1019:Chafkin, Max (2021).
687:San Jose Mercury News
519:began to be used for
505:Palo Alto, California
64:Palo Alto, California
1371:Lyndon Rive (cousin)
1046:Soni, Jimmy (2022).
655:(January 28, 2000).
517:internet domain name
1361:Tosca Musk (sister)
1351:Family of Elon Musk
693:on January 12, 2015
608:enabled users with
588:Bank of Nova Scotia
34:
16:Defunct online bank
1417:Boring test tunnel
1356:Maye Musk (mother)
1213:The Boring Company
966:The New York Times
661:The New York Times
418:Boring Test Tunnel
336:In popular culture
296:The Boring Company
1522:
1521:
1471:Awards and honors
1087:978-0-06-230125-3
1057:978-1-5011-9725-3
1030:978-1-9848-7853-3
923:, pp. 88–89.
896:, pp. 51–52.
872:, pp. 84–85.
810:, pp. 81–82.
798:, pp. 80–82.
774:, pp. 78–81.
762:, pp. 77–78.
545:La Jara, Colorado
543:-insured bank in
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199:Awards and honors
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85:Christopher Payne
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1386:Grimes (partner)
1286:The Space Barons
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851:on March 3, 2000
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741:on March 2, 2000
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689:. Archived from
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592:Silicon Graphics
495:was an American
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453:Tesla and unions
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1317:Return to Space
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1432:Twitter Files
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1074:Vance, Ashlee
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443:Twitter Files
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1168:
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998:. Retrieved
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970:. Retrieved
964:
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942:. Retrieved
938:
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894:Chafkin 2021
889:
877:
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855:February 22,
853:. Retrieved
849:the original
839:
827:
815:
803:
791:
779:
767:
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745:February 22,
743:. Retrieved
739:the original
707:
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695:. Retrieved
691:the original
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664:. Retrieved
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399:
372:Members Only
363:
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349:
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230:
38:Company type
29:
1407:America PAC
1191:Tesla, Inc.
627:Domain name
621:Peter Thiel
497:online bank
413:America PAC
322:acquisition
262:Tesla, Inc.
209:Filmography
129:rebrand to
21:X (Twitter)
1529:Categories
1263:Depictions
1096:1050341708
1066:1310245824
1039:1241240936
921:Vance 2017
909:Vance 2017
882:Vance 2017
870:Vance 2017
820:Vance 2017
808:Vance 2017
796:Vance 2017
772:Vance 2017
760:Vance 2017
712:Vance 2017
639:References
610:PalmPilots
365:Power Play
344:(Isaacson)
278:litigation
1595:Elon Musk
1422:SolarCity
1412:Hyperloop
1333:Elon Musk
1208:Neuralink
1157:Companies
1150:Elon Musk
1076:(2017) .
832:Soni 2022
784:Soni 2022
509:Confinity
501:Elon Musk
428:SolarCity
423:Hyperloop
358:Ludicrous
350:Elon Musk
342:Elon Musk
291:Neuralink
273:criticism
220:Companies
184:Elon Musk
137:Successor
119:Confinity
78:Elon Musk
1514:Category
1459:lawsuits
1304:" (2019)
1281:" (2015)
1185:Starlink
994:CBS News
666:March 9,
253:Starlink
121:to form
71:Founders
1491:ElonJet
1400:Related
1233:Twitter
1223:X Corp.
633:Twitter
567:History
537:website
521:Twitter
408:Related
352:(Vance)
306:X Corp.
147:Website
127:Twitter
104: (
96:Defunct
58:1999-03
56: (
48:Founded
42:Private
1590:PayPal
1344:People
1336:(2023)
1328:(2022)
1320:(2022)
1312:(2021)
1297:(2019)
1289:(2018)
1274:(2015)
1203:OpenAI
1181:SpaceX
1174:PayPal
1094:
1084:
1064:
1054:
1037:
1027:
602:Intuit
584:Compaq
553:SpaceX
513:PayPal
286:OpenAI
268:Energy
247:SpaceX
237:PayPal
141:PayPal
123:PayPal
66:, U.S.
1466:Views
1454:TSLAQ
1169:X.com
561:check
549:Tesla
493:X.com
438:TSLAQ
231:X.com
204:Views
88:Ed Ho
33:X.com
1218:Thud
1164:Zip2
1092:OCLC
1082:ISBN
1062:OCLC
1052:ISBN
1035:OCLC
1025:ISBN
1002:2023
974:2023
946:2023
939:CNBC
857:2022
747:2022
699:2022
668:2024
580:Zip2
551:and
541:FDIC
301:Thud
225:Zip2
114:Fate
106:2000
99:2000
1245:xAI
330:xAI
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