Comment

Comment on 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.’

linearchaos@lemmy.world ⁨1⁩ ⁨year⁩ ago

This sounds like an amazing idea. Twitter is currently filled almost but not entirely with the worst we have of society.

He’s going to get as many of those as possible, who already appear to have impaired decision making capability, to hand over their money.

He is the absolute worst at managing his money so he’ll just lose it on the next bad bet.

Then maybe the SEC stands up and drags him off to jail?

Hell even saying that you won’t need your bank might be damning when he finally releases the project.

Sort:hotnew top

fosforus@sopuli.xyz ⁨1⁩ ⁨year⁩ ago

He is the absolute worst at managing his money

I mean he might suck in many ways, but thinking he’s bad with money disregards reality in a profound way.

source
- feminalpanda@lemmings.world ⁨1⁩ ⁨year⁩ ago
  He got his start by his dad’s emerald mine, let’s see how much he has lost over the years.
  
  source
  - fosforus@sopuli.xyz ⁨1⁩ ⁨year⁩ ago
    His net worth is currently $250B, making him the richest man in the world. In year 2000, his net worth was some tens of millions.
    
    source
    feminalpanda@lemmings.world ⁨1⁩ ⁨year⁩ ago
    From January
    
    Tesla CEO Elon Musk has broken a record for the largest amount of money lost by one person, according to Guinness World Records. Musk lost between $180 billion and $200 billion since November 2021, largely due to the poor performance of Tesla stocks in recent years, according to the report.
    
    From September
    
    Since Musk and partners paid $44 billion including debt, he’s implying that the platform would now change hands for $4 billion (the $44 billion purchase price minus the $40 billion in “value destruction”), for a drop of 90%. In effect, he’s saying that the $31 billion he and his partners invested in equity is totally gone, and a big portion of the debt from provided by the cream of Wall Street sits far underwater.
    
    source