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PayPal Mafia Friends Stand Behind Musk in Twitter Takeover Controversy

Almost two years after Twitter banned former President Donald Trump’s account for inciting the January 6 Capitol Hill riot, the social media platform’s new chief Elon Musk has reinstated him.

Musk introduced over the weekend that he’d be restoring Trump’s account following an off-the-cuff ballot through which 15 million customers participated, nearly all of whom voted to deliver Trump again to the social media platform, in line with Musk. Whereas Trump’s account is as soon as once more lively, it stays unclear if or when the previous president will truly return to Twitter.

“The individuals have spoken,” Musk wrote on Twitter the night of November 19. “Trump will likely be reinstated.”

Civil rights teams have warned that if Trump returns to the platform, his every day barrage of conspiracy theories and misinformation will additional destabilize the nation. NAACP President Derrick Johnson stated in an announcement that “in Elon Musk’s Twittersphere, you’ll be able to incite an revolt” and “nonetheless be allowed to spew hate speech and violent conspiracies on his platform.”

The Trump Twitter reinstatement was simply the most recent controversy sparked by Musk since he took over the social media large final month as a part of a $44 billion acquisition. Amongst different contentious strikes, Musk laid off Twitter staff, fired these in dissent (in some circumstances publicly), and generated mass confusion with a brand new blue-check Twitter verification system.

Final week, he gave Twitter’s remaining workers a 36-hour ultimatum: go away the corporate or decide to an “extraordinarily hardcore” redevelopment of Twitter.

A whole lot of staff responded by departing en masse. With essential groups gone, hypothesis abounded that the platform would start crumbling any day.

Musk shrugged off the exodus, saying, “The very best persons are staying, so I’m not tremendous fearful.”

A few of Musk’s fellow Silicon Valley expatriates have been cheering him on from afar in South Florida, together with Keith Rabois of the Founders Fund, a San Francisco-based enterprise capital agency that arrange store in Miami final 12 months.

Rabois and Musk have been early leaders of on-line fee processor PayPal and earned a considerable portion of their fortunes from the corporate’s success. In lockstep with Musk, Rabois departed the Bay Space within the midst of the COVID-19 pandemic, decrying California’s dealing with of the disaster and claiming he was off to greener pastures.

Musk and his electrical automobile firm Tesla moved to Austin, Texas, whereas Rabois and his enterprise capital agency’s new workplaces landed within the Magic Metropolis.

It is no shock that a few of Musk’s outdated PayPal friends have scoffed at protection of the brand new Twitter chief. Except for their ties to Musk within the enterprise world, Rabois and former PayPal chief working officer David Sacks share Musk’s libertarian leanings, his disdain for California politics, and inclination to skewer the proverbial mainstream media. Their ire can also be regularly directed at “woke mobs” and what they understand as cancel tradition.

Because the Twitter acquisition saga unfolds, here is what the Founders Fund crew and some of Musk’s fellow PayPal Mafia members needed to say about Musk.

Mike Solana
Vice President at Founders Fund

Founders Fund government Solana has sounded off in help of Musk all through the Twitter administration turnover. Following information of the mass worker departures at Twitter, Solana shared a collection of tweets mocking customers who have been fearful in regards to the website’s attainable collapse.

Musk responded: “Can’t inform if that is parody or actual.”

Over the previous week, Solana has been relentlessly criticizing media protection of Musk’s Twitter overhaul. He not too long ago wrote that it is “fascinating to look at the identical individuals argue Elon’s Twitter is each 1) clownish and incapable to the purpose it may at any second vanish endlessly, and a couple of) so highly effective and harmful it may alter the best way each particular person on this nation thinks, and convey about precise fascism.”

In response to Rolling Stone, Musk beforehand chatted about Twitter’s fact-checking methods with Solana, a branding government at Founders Fund, which was cofounded by billionaire Trump donor Peter Thiel.

Solana seems to have paid for his checkmark by way of Twitter Blue.

David Sacks
Tech entrepreneur

Sacks, cofounder and accomplice at enterprise capital agency Craft Ventures, is one among a number of former PayPal executives who’ve backed Musk’s administration choices as he navigates his first few weeks on the helm of Twitter.

“Trump will not be my most well-liked candidate for ’24 however his continued banning was an unjustified and unwarranted interference with {the marketplace} of concepts,” Sacks tweeted on November 19.

“Properly-said,” Musk responded three minutes later at 9:35 p.m.

Sacks, a daily on conservative media, has been a agency monetary backer of political committees related to Florida Gov. Ron DeSantis and Miami Mayor Francis Suarez, in line with a TNR report.

He is one of many early PayPal leaders who grew to become a part of the group often known as “PayPal Mafia,” which incorporates Musk, Rabois, and Thiel.

Keith Rabois
Enterprise capitalist, Founders Fund basic accomplice

Rabois, one other early supervisor at PayPal and famous contrarian, not too long ago tweeted about Musk enhancing income at Twitter even within the face of “the massive woke corporations boycott.”

Rabois later criticized “the hypocrisy of the Left media,” pointing to CBS’s choice final week to pause use of Twitter over safety considerations whereas persevering with to submit on “Chinese language-government managed” TikTok, as Rabois framed it. (CBS resumed Twitter use on November 20.)

Months earlier than Musk struck a deal to buy Twitter, Rabois relayed a narrative from Musk’s early days at SpaceX.

“The Twitter woke workers are in for a impolite awakening,” Rabois tweeted. “Elon as soon as threatened to fireplace all of the interns for ready in an extended line for espresso at SpaceX and put in cameras to make sure it wouldn’t occur once more.”

Delian Asparouhov
Principal at Founders Fund

Asparouhov has praised Musk’s Twitter management since Day 1 –– actually.

And following Musk’s revival of Trump’s account, Asparouhov seems to have shared the identical response as many People: “Holy shit.”

Rony Abovitz
Tech entrepreneur,

It goes with out saying that not each Miami tech innovator has been as happy with Musk because the Founders Fund crew is.

Within the hours following the information of the mass exodus at Twitter, Rony Abovitz, a College of Miami alumnus and cofounder of augmented-reality firm Magic Leap, tweeted what seemed to be a home made portray of the blue Twitter chicken escaping a fiery blaze — together with a hyperlink to the music “The Finish” by The Doorways.

“I feel for many individuals @Twitter felt like a collectively owned public area (regardless that that was an phantasm),” he wrote. “It was like a public park – some bizarre graffiti, not completely protected, however protected sufficient for frequent gatherings and chats and whatnots.”

The morning after, he acknowledged the positioning’s survival by way of the night time.

“It’s nonetheless right here,” he wrote. “Possibly it’s going to simply linger on like a sluggish melting iceberg.”



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