Except even that also implies that Elon had some say in PayPal, when in reality, Confinity had already developed what would become PayPal, including filing trademarks and such, at the merger.

Musk's tenure in the newly merged company consisted of complaining incessently that he didn't like/know Solaris and Java so the working POC/prototype should be thrown away and rebuilt in Windows/ASP, for four months until the board had enough and terminated him as CEO.