Elon Musk plans to turn X, formerly Twitter, into an all-encompassing financial hub that will fully replace the need for banks. And he plans to do it in a year's time. Musk shared his ideas in an all-hands call with employees on Thursday. The Verge heard the call's audio recording...
William Lindsey :toad:"Elon Musk himself wants to run a payments company. He has said from the start that he plans to turn X into essentially a bank. And he’s taken steps in that direction in the last few weeks, including a partnership with Visa. The thing that stands in his way is...
Musk wants to publicly tangle with the regulator that has the most muscle to flex over his space business. Will his strategy work?
a small fraction of the tens of millions of US Twitter users that would serve as Musk’s potential user base for a US-based payments platform. Musk probably won't be able to move forward as quickly as he wants to, Grover said, noting that “the hurdles he's got to get ...
President Trump has long ties to the Christian evangelical community, despite what the fake news media wants to say. Pastor Lahmeyer gained recognition during his campaign for offering religious exemptions to help his fellow citizens escape the deadly COVID-19 vaccine. ...
The point, after all, had never been to supply fast cars to rich people. The point was to transition the world to electric transportation. He obviously didn't think small. His other main business, a rocket company called SpaceX, aimed to replace the space shuttle and eventually take people...
quarters of his net worth into his new idea, an outrageously bold plan to build essentially an online bank—replete with checking, savings, and brokerage accounts—called X.com. This seems less insane now, but in 1999, an internet startup trying to compete with the large banks was unheard...
My own talks with Musk’s engineers and designers told a similar story. I was told: “Elon always wants to know, ‘Why are we not going faster?’ He always wants bigger, better, faster” by the same person who a few minutes later was emphasizing how fair and thoughtful Musk tends to...