On October 4, 2022 Elon Musk described his acquisition of Twitter as “an accelerant to creating X, the everything app”.[27] This has been linked to x.com.[28] In conversation with Ron Baron a month later, Musk said he will execute the X product plan “with some improvements” which will make Twitter “the most valuable financial institution in the world.”[29]
In March 2000, X.com merged with Confinity, its fiercest competitor, the new company being called X.com.[13] Musk was its biggest shareholder and was appointed as its CEO. Started in 1998, Confinity’s product PayPal enabled users with PalmPilots to send money to each other through its infrared ports.[14][15] Subsequently, PayPal developed to allow users to send money using email and the web.[15]
In September 2000, when Musk was in Australia for a honeymoon trip, the X.com board voted for a change of CEO from Musk to Peter Thiel, the co-founder of Confinity. In June 2001, X.com was renamed PayPal.[16]
https://tradingeconomics.com/united-kingdom/banks-balance-sheet https://www.wolframalpha.com/input?i=4403720000000 £4,403,720,000,000 Four Trillion Four Hundred and Three Billion Seven Hundred and twenty...
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https://en.wikipedia.org/wiki/User:RogerGLewis http://www.realrld.com/blog/the-ending-of-the-long-monetary-expansion-cycle-and-a-brave-new-world-of-housing-realism The Ending of the Long Monetary Expansion Cycle and a Brave new world...