this post was submitted on 11 Feb 2025
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It's an early specimen of "unregulated bank", founded in part by Trump buddy Peter Thiel and merged with Elon Musk's X.com in 2000.
They have a history of locking accounts under false pretenses and seizing the money. It's screwed over many a Kickstarter and Indiegogo. Early in Minecraft history, Notch lost access to over half a million dollars. They've failed to pay rewards in their software bug bounty program.
Edit: The usual antics for Musk and friends for 20 years.
Also, I checked my records. I'm biased (a word that the current US administration is erasing from all government documents) because of an early Amazon third-party seller plus PayPal experience; the item I was sent was wrong and 5% of the value of what I ordered. Returned sealed cheap item, seller wouldn't refund. PayPal ruled in the seller's favor and Amazon did not care because of third-party seller terms and conditions. A young person out a few hundred bucks doesn't forget that.
Braintree, Honey, Paydiant, Tradera, Xoom, and Zettle all owned by PayPal.
Not the modern X.com to be clear; Musk just has a weird fetish for the letter X like an edgy teenager.
Now you got me started on X... 😂 While true, Musk is no fool and bought such a simple and recognizable domain back from PayPal in 2017 for an undisclosed amount.
He's a successful businessman, no doubt. Problem is that billionaires are pulling up the ladders behind them as wealth inequality is increasing (power is concentrating).
Twitter was well-known to be infested with bots when Musk purchased it. Turns out, that made it more valuable to someone rich who wants to sway elections...
Shop local, use smaller local services (credit unions), drop services owned by or purchased by billionaires (Too busy ranting and I haven't actually read this article yet 🤣)
Decentralization, power to the people and not just the few, as the founding fathers intended. To our European viewers... He's coming. (You know who. Not talking about Jesus who the churches have replaced with culture war nonsense.)
right. I just thought they'd made the news today or something.
Nah. News... Uh, in an adjacent saga, billionaire Kanye West is selling swastika t-shirts. So that's where we're at with these people...