He chose X because he’s owned x.com since the 90s and has apparently been dying to do something with it.

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Oh interesting 🧐

History time!

X.com was the very first online bank, founded by Elon. It’s the last time he had a truly innovative idea. I had an account. He sold it to another early competitor, PayPal, that was approaching online banking from a different angle. He got a fuckload of stock, but got pushed out of any active role in PayPal almost immediately. When eBay bought PayPal a few years later, it added another comma to his already sizable wealth.

Yes it’s all coming back now. I recall seeing some documentary about his early days.