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With Musk, Is All That Is Old New Again

Elon Musk’s first tech company was Zip2, a software company that he co-founded in 1995. Zip2 was an online city guide that provided searchable business directories and maps.

Musk co-founded Zip2 with his brother Kimbal and Greg Kouri. PayPal co-founder Elon Musk was just 23 when he and his younger brother, Kimbal, met Kouri, a friend of their parents, in Toronto in 1995. The brothers moved to Silicon Valley, and Kouri helped them launch a startup, Zip2, an early door-to-door direction service. Kouri became vice-president of business development.  The company was originally called Global Link Information Network.

Gregory (Greg) Anthony Kouri, 51, passed away suddenly on Saturday, August 11, 2012 in New York City.

Compaq’s AltaVista division bought the company in 1999 for $307 million, and the Musks and Kouri plowed some of the proceeds into X.com, an online financial services company. In 2000, Musk merged it with a payments startup called Confinity, led by Peter Thiel. Musk received $22 million for his 7% share.

Elon Musk co-founded X.com, which merged with Confinity to form PayPal in 2000. He was briefly the CEO of PayPal before being ousted by the board in 2000. Musk remained the largest shareholder of PayPal after being ousted as CEO. In 2002, eBay acquired PayPal for $1.5 billion, netting Musk $165 million.

And now…

Elon Musk just took another step toward turning X into a financial powerhouse. The platform is rolling out X Money, a digital wallet and peer-to-peer payment service backed by Visa (NYSE:V). This means X users can now move money between their bank accounts and X’s ecosystemjust like Zelle or Venmo. CEO Linda Yaccarino confirmed Visa as the first financial partner, making it clear that X is dead serious about integrating payments into the app. With X Payments LLC already licensed in 41 states, the groundwork is in place for Musk’s vision of a fully integrated financial network.

Elon Musk is intent on becoming a competitor with PayPal, a company he helped to found after rebranding twitter, X, after one of his earlier companies.

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Google Stadia Will Shut Down in 2023, All Purchases to Be Refunded

Stadia is being discontinued

Google initially announced Stadia during the Game Developers’ Conference in San Francisco in 2019. Via Stadia, Google claimed, it would allow users to play video games via almost any networked device, via cloud access to Google’s servers.

The pitch to consumers was that you don’t have to spend thousands on high-end consoles or PCs to play video games when you can log into Stadia via your current tablet or phone and run the newest Assassin’s Creed on maximum settings.

Now four years later, or there about, it is being discontinued.

People using Stadia will still to be able to access to their game libraries, including Pro games if you had an active Pro subscription as of Thursday. In an email sent to players, Google warned that publisher support for games may vary, and it’s possible that your gameplay experience may be affected during the shut-down period (suggesting that some games could vanish or lose features early).

Explaining the move, Stadia vice president and general manager Phil Harrison noted Google’s investments in gaming through its Google Play digital distribution service, its cloud tech and YouTube streaming.

“A few years ago, we also launched a consumer gaming service, Stadia,” he said in the blog post. “And while Stadia’s approach to streaming games for consumers was built on a strong technology foundation, it hasn’t gained the traction with users that we expected so we’ve made the difficult decision to begin winding down our Stadia streaming service.”

Many employees on the Stadia team will be reassigned to other roles within Google, the blog post noted.

Opinion:

Google could not deliver a healthy user base or eco-system for game developers. Stadia never had a huge number of users and the warnings and bannings did not help Stadia. Imagine if youtube were just starting today under its current censorship cloud, does anyone think they would succeed? Remember Google Video also was failing even before they bought and turned their focus toward youtube. And remember how google attempted to strong arm their users into using google plus and yet it also failed. I can’t remember the name of it but there was even a google version of twitter that didn’t survive. Right now, because of censorship, google search is crippled and in time even that may fail. It certainly is not what it was in 2018.