Confinity

Investor Peter Thiel is known for his help in creating or shaping several companies, including PayPal Holdings Inc (NASDAQ:PYPL), Palantir Technologies (NASDAQ:PLTR), and Meta Platforms (NASDAQ:META). Investors may be less familiar with Thiel's legendary chess playing that once landed him an...

In a recent interview, Reid Hoffman, ex-COO of PayPal Inc (NASDAQ:PYPL), blasted Tesla and SpaceX CEO Elon Musk for his handling of a merger that led to the creation of PayPal. Musk’s internet banking firm, X.com, merged with Confinity, a security software company co-founded by Peter Thiel,...

One of Elon Musk's earliest business ventures was X.com, an online financial services company and his biographer Walter Isaacson shared an interesting anecdote from the venture's early days. When X.com merged with Palo Alto-based Confinity, Inc., cofounded by Peter Thiel, Max Levchin and Luke Nosek...