![]() ![]() Meanwhile, PayPal’s business continues to march ahead. (Twitter was bleeding $379 million annually when Musk took over). Prices are so low that the company’s $5-billion-per-year of free cash flow could theoretically pay for the entire company in just over seven years. Markets now value PayPal at only $56 billion - not much more than the $44 billion Elon Musk paid for Twitter.Īt current prices, PayPal sits at just 11x free cash flow or 9.2x forward earnings - levels more typically seen at zero-growth industrial companies or struggling banks. However, these downbeat figures have turned an otherwise growing company into a deep value play. The growth of peer-to-peer transactions has also increased fraud rates. Credit card defaults are now growing at the fastest pace since the 2008 financial crisis. The problem stems from a surge in expenses, driven by rising volumes of low-margin business and an uptick in credit losses. Over the past two years, analysts have cut their forward earnings estimates for PayPal from $7.20 per share to $4.95, sending PYPL stock into freefall. It’s been a tough several years for PayPal, an electronic payments company that’s seen its share prices drop 85% since 2021. …Elon Musk should have repurchased PayPal instead. He has the rare combination of money, willpower, and a lack of decorum to make things happen.īut these efforts to turn X into a financial hub are doing things the hard way. Most tellingly, Musk has even rebranded Twitter to the “X.com” name - the trademark he tried converting PayPal (NASDAQ: PYPL) into before getting ousted as CEO in 2000. states, according to the Nationwide Mortgage Licensing System. The firm also has licenses for money transmission and services in nine U.S. X has roughly 550 million active users and a payment processing system already in place. I’m talking about, like, you won’t need a bank account.” So, it’s not just like send $20 to my friend. “If it involves money, it’ll be on our platform,” Musk said in an all-hands call with the social app’s employees. “But when you’re in the business, you know what to look for.Last week, Elon Musk announced that he would like X (formerly known as Twitter) to become the center of your financial world. “Offhand, you wouldn’t know that it was done,” he said. (Pocket change when you’re the 54th-richest man on the planet, perhaps.)Įpstein added that Musk got “a good result” from his surgery. According to Epstein, Musk likely received at least two procedures, setting him back anywhere between $20,000 and $30,000 in total. The procedure also comes with a hefty fee: One surgery can cost anywhere from $8,000 to $15,000. Most patients are fully presentable in about six to eight days, he said, although it can take around six months for the transplanted hairs to fully grow back in after falling out post-surgery. The specialist described The Boring Company founder’s early-aughts hairstyle as “significant frontal thinning with recession,” or “the Prince William look”: a moderately recessed hairline with fine baby hairs covering the frontal one-third of the scalp.Įpstein said the tech entrepreneur was a great candidate for hair transplant surgery, as “it looks like he had good hair on the back and side of his head, and those are the hairs we use for transplanting.” He added that the fullest and most natural results come from transplants like Musk’s, where hairs from the back and sides of the head are relocated to the front half of the scalp.Įpstein described older hair transplant surgery techniques, like the one Musk would have undergone, as uncomfortable but not terribly painful. “I mean, he had a class three to a class four (out of seven) hair loss pattern and he now shows no evidence, at least in the front, of any hair loss.” “If you look at his pictures from his PayPal days, when he sold the company, he was pretty bald,” Epstein told Page Six. Jeffrey Epstein, MD, a hair transplant specialist in New York and Miami who has not treated Musk, 47, it’s “highly, highly likely” the multi-billionaire tech mogul has had hair transplant surgery. Here's how WeWoreWhat's Danielle Bernstein uses 20-year-old blow dryer to get at-home salon blowoutĬardi B switches up her look, shows off pixie haircut amid Offset splitĮlon Musk has come a long way from his days as the CEO of PayPal, and so has his hairline.Īccording to Dr. Kate Beckinsale goes off on troll who slammed her new blond hair ![]() Taylor Swift documents Travis Kelce's game-day haircut: 'I'd know that filter anywhere'
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