Elon Musk has tried to re-brand PayPal as “X” years ago and was shot down due to focus groups stating it reminded them of adult websites.
Thiel and PayPal co-founder Max Levchin plotted a coup against Musk while he was on his first vacation in years. The board fired Musk as CEO in September 2000 and replaced him with Thiel. Thiel formally changed the name of the combined company to PayPal in 2001.
Reminder that Musk became a mega millionaire by riding the .com bubble and scamming Compaq.
This is what made him a billionaire, Peter Thiel forcing him out of leadership.