Elon Musk gives X employees one year to replace your bank - ‘You won’t need a bank account... it would blow my mind if we don’t have that rolled out by the end of next year.’

Technology@lemmy.world – 686 points – 8 months ago

Elon Musk gives X employees one year to replace your bank

“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!

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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....

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.

I think he originally wanted to purchase the platform during the crypto boom in order to use it to add crypto nft Doge features and then the crypto market crashed and then he changed his mind about buying it but he was contractually obligated so he bought it and ruined it and now he's going to start a bank run on toilet sentence