In a recent interview,Reid Hoffman, ex-COO of PayPal Inc PYPL , blasted Tesla and SpaceX CEOElon Muskfor his handling of a merger that led to the creation of PayPal.
Musks internet banking firm, X.com, merged with Confinity, a security software company co-foundedby Peter Thiel, in 2000.The union of these two companies eventually brought about PayPal.
Hoffman accused Musk of pushing for the merger by highlighting the talents of X.coms leading executive, only to later force out that executive and assume the top position himself, according to a recent New Yorker interview.
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A merger like this, youredoing a marriage, Hoffman said in the interview. And its,like, I was lying toyou intensely while we weredating. Now that were married,let me tell you aboutthe herpes.'
Hoffman, Thiel, and Musk wereall part of the so-called PayPal mafia,a group of early PayPalemployees who later established several major tech firms.
Musk held the CEO position atthe new PayPal for ashort duration, before being replaced by Thiel in September 2000.
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