PayPay, in particular, seems a good target for consumer action. Just saying…

  • @[email protected]
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    881 day ago

    Thiel, Elon & Co. sold PayPal almost two decades ago. That’s from where they got the money for SpaceX (Thiel is an early investor in SpaceX too).

  • snooggums
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    4524 hours ago

    According to its website, The Boring Company believes major cities need either flying cars or tunnels in order to get rid of traffic. Musk settled on the latter solution because tunnels aren’t impacted by weather changes and “won’t fall on your head.”

    It is like he wasn’t aware that subways exist.

    • @radix
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      3923 hours ago

      He is a certain type of anti-intellectual who believes “nothing is true unless I discover it myself.”

      Education is useless, truth is a lie, etc, etc.

      So he destroys everything he touches until he can recreate knowledge himself, poorly, expensively, and redundantly. Then declares himself a genius for getting back to basically where the rest of humanity already was years ago.

    • @[email protected]
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      922 hours ago

      Cars are a status symbol. He hasn’t forgotten alternatives exists he just despises their existence because they are beneath him.

      To the rich any service of society that is not catered exclusively to to the rich is a disgrace and a threat to their ego.

    • @Zorque
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      119 hours ago

      He owns a car company, why would he glorify what he sees as competition?

  • osaerisxero
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    91 day ago

    PayPal holds a functional Monopoly in some spaces, so idk how effective that can be

  • @corroded
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    524 hours ago

    What’s the deal with OpenAI and xAI? Apparently he is no longer on the board of OpenAI but is still a financial backer. Yet he’s also starting a company to compete directly with them. Why sabotage his own interests?

      • @corroded
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        222 hours ago

        Personally, I’d really like the option of running LLMs locally, but the hardware requirements make it hard. Small models run okay on CPU or low-end GPUs, but anything approaching the complexity and usefulness of GPT4 or DeepSeek requires a hefty GPU setup. Considering how much even old hardware like the P40 has gone up in price, it’s hard to justify the cost.

    • @Khanzarate
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      224 hours ago

      Well I figure he does want control.

      Also, if theres two competitors and both could give more than a 2x return, then its a safe bet. The only way its an unsafe bet is if they can both fail, but hes clearly not thinking about that kind of thing.

    • @krimson
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      224 hours ago

      Sabotaging his own interests is all he does. Should have stuck to running his businesses and not get involved in politics, calling people names, doing nazi salutes, etc. Fuck around and find out is his motto it seems.

    • @Eheran
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      1024 hours ago

      That are far more reasons to abandon PayPal other than (past) connections to musk.

      • partial_accumen
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        1023 hours ago

        It’s not a Musk company. It’s owned by E-Bay.

        Even that is old news. Ebay spun off paypal into a separate company in 2015.

        “It was announced on September 30, 2014, that eBay would spin off PayPal into a separate publicly traded company, a move demanded in 2013 by activist hedge fund magnate Carl Icahn. The spin-off was completed on July 18, 2015.” source