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Elon Musk now owns X.com

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Musk has reclaimed a bit of that internet history for himself by purchasing the defunct domain name X.com from his former employer PayPal.

Confinity was co-founded by Peter Thiel and Max Levchin, now notable internet entrepreneurs and investors — Thiel became a billionaire by investing early in Facebook, while Levchin went on to help found Yelp and currently operates a digital loan service called Affirm.

The entire company was rebranded as PayPal in 2001, a year after Musk left the company over disagreements with other executive members. But PayPal later went public and got scooped up by Ebay for $1.5 billion in 2002.

X.com likely didn’t come for cheap, though PayPal isn’t saying just how much Musk paid and Musk hasn’t disclosed what he plans to do with it.

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