this post was submitted on 27 Oct 2023
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692
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.’ (www.theverge.com)
submitted 1 year ago by [email protected] to c/[email protected]
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“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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[–] [email protected] 67 points 1 year ago (2 children)

Oh boy, if Elon Musk has trouble dealing with regulators and oversight agencies when managing his car company or his social media company, imagine what a wakeup call it's going to be when he wants to start dealing with banking regulators. 0% chance he doesn't run afoul of them in the first year trying to run his business by the seat of his pants like he does with all the others.

Yet another half-baked idea to spill out of the mouth of this fucking moron with too much money for his own good.

[–] [email protected] 15 points 1 year ago* (last edited 1 year ago)

Yea I work for a bank in Europe. Good luck with running a bank here, he must be insane.

[–] [email protected] 4 points 1 year ago

Worst part is it's not half-baked...... It's been baking since before 2k...