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Director Alex Gibney's latest documentary traces Elon Musk's trajectory from dot-com millionaire to a figure wielding outsized influence over US government departments. Spanning nearly four hours, the film chronologically documents Musk's mythmaking around PayPal and Tesla, juxtaposed with footage of an autopilot fatality and interviews including Ashley St Clair calling Musk 'a nuke.' Gibney frames the film around two questions: how Musk amassed such power, and why society allowed it.
PayPal's chief executive is moving forward with an internal restructuring strategy after a proposed $50 billion acquisition of the company failed to materialize. The plan reportedly includes incentives tied to performance, with the CEO eligible for a $25 million bonus if the turnaround convinces investors of its merit.
Stripe and private equity firm Advent International have abandoned a proposed $50 billion takeover offer for PayPal, according to reports. The deal, which would have been one of the largest fintech acquisitions in history, will not proceed.
Stripe and private equity firm Advent have dropped their pursuit of acquiring PayPal, according to people familiar with the matter cited by Bloomberg. The pair had reportedly offered around $53 billion in July when PayPal shares were depressed, but PayPal rejected the bid and was said to be awaiting a higher offer before the talks collapsed.
A GrapheneOS user reports that the PayPal app now fails to launch, throwing a RootDetectionSecurityException citing a security policy violation. The user suspects the crash may be tied to having enabled the PayPal card for contactless NFC payments, though this hasn't been confirmed as the sole trigger.