Elon Musk has rejected the long-standing narrative that Peter Thiel fired him as CEO of PayPal in 2000. In a post on microblogging site X (formerly known as Twitter), Musk said that his removal was a \u201cpalace coup\u201d orchestrated by the executive team of the payment platform. The tech billionaire was responding to a podcast clip which claimed \u201cPeter Thiel fired Elon Musk\u201d but suggested that Thiel handled the situation kindly. The podcast had framed the leadership change as a difficult but respectful decision by Thiel, noting that Musk left the company with about a 12% stake. It also highlighted how their relationship later continued in business, pointing out that Musk allowed Thiel\u2019s Founders Fund to invest $20 million for a 10% stake in SpaceX \u2014 a deal the podcast described as \u201cperhaps the greatest investment of all time.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Elon Musk has rejected the long-standing narrative that Peter Thiel fired him as CEO of PayPal in 2000. In a post on microblogging site X (formerly known as Twitter), Musk said that his removal was a \u201cpalace coup\u201d orchestrated by the executive team of the payment platform. The tech billionaire was responding to a podcast clip which claimed \u201cPeter Thiel fired Elon Musk\u201d but suggested that Thiel handled the situation kindly. The podcast had framed the leadership change as a difficult but respectful decision by Thiel, noting that Musk left the company with about a 12% stake. It also highlighted […]<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[87,4,11],"tags":[],"class_list":["post-981175","post","type-post","status-publish","format-standard","hentry","category-it-2-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/981175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=981175"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/981175\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=981175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=981175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=981175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}