Elon Musk gives X employees one year to replace your bank
www.theverge.com
Musk wants your “entire financial life” on his platform.

“If it involves money. It’ll be on our platform. Money or securities or whatever. So, it’s not just like send $20 to my friend. I’m talking about, like, you won’t need a bank account.”

Well that sounds terrifying!

  • Humanius@lemmy.worldEnglish
    1·
    1 year ago

    Just wait till Musk learns about banking regulations.
    He’s already complaining about the EU regulations on social media, but they nothing compared to what banks have to deal with.

  • jray4559@lemmy.sdf.orgEnglish
    0·
    1 year ago

    Buy a social media company because you know there’s no way you’ll ever make one naturally

    Claim that it’s too full of bots and try to walk out, despite having already signed the deal

    Treat your new employees almost like slaves because apparently sleeping at the office is a reasonable proposition

    Rebrand the social media network for no good reason, tanking value

    Drive advertisers away by changing the algorithm that helped make site so good

    Lose millions in company net worth and become an internet laughing stock

    …Have the bright idea to save the company by also making it a… banking provider…

    ?!

    • Krauerking@lemy.lolEnglish
      1·
      1 year ago

      His first garbage idea. He’s super nostalgic for X the platform her merged with PayPal to become super wealthy especially after the people that knew what they were doing had to pay him to leave.

      Literally the same concept, name and everything. It’s like he thinks he can just start over at the first app and it just will be propped up by a corpse. Idiot.