That sound you just heard, was the rustle as hundreds of financial regulators around the world leant forward just a little.
I regret I have but one upvote to give. Well done!
It’s all about PayPal, isn’t it?
Holy fucking shit.
PayPal is Musk’s Obama burn.
PayPal shitcanned him because he’s a fucking idiot so he takes that money, gets SpaceX going and memes Tesla to success by sheer accident. At the point everyone’s thinking he’s “Rill Loaf Toony Sturk” he’s STILL fucking boiling that PayPal canned him because he’s actually terrible at everything. He then proceeds to start sniffing his own farts, building rescue submarines that would never work, calling people “pedo guys”, impregnating every woman that will take the payoff to have his moron seed implanted in them, moving to Texas and wearing a fucking cowboy hat to show how much of a REEL MAYUN he is (despite the fact that fucking nobody wears a cowboy hat in this state outside of actual cowboys and people that want to announce that they’re fucking idiots to everyone).
He renames Twitter to X so trigger his nostalgia balls and then a few months later announces he’s going to replace banks with X. Which would also, theoretically, replace PayPal.
He really is nothing more than a little bitch that happens to have money.
Ha, I didn’t even think of the PayPal connection, but now that you mention it, he’s exactly the sort of petty manchild that that sounds plausible. He might figure that it’d be a nice double whammy: he can finally get even with those fucks at PayPal who didn’t see how brilliant he is, and it’d help keep Twitter afloat so he can feel like he’s not a complete failure.
impregnating every woman
Inseminating; the majority of Musk’s spawn was conceived with IVF. Musk does not fuck
You didn’t think of the PayPal connection? You didn’t read the article at all either I guess?
I absolutely did not read it, the headline tells me enough and I can think of several more pleasurable activities than reading an article about Musk, such as shoving red hot needles under my fingernails
“I didn’t bother reading the thing or learning the basics, but I’m going to comment anyway and pretend I didn’t want to do it”
At least I’m not a judgemental twat to random people on the internet , so I guess I have that going for me. Just because I didn’t think to connect Musk’s PayPal history with this move doesn’t mean I don’t know about it, you know?
Why is it always the kbin users, I swear
I really don’t think it’s much to ask people to read the damn article before they start blathering their opinions on it. And not doubling down on being intentionally ignorant.
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If this ever comes out and you actually put your money in it, you deserve whatever fuckery happens to it. I’m sorry, but I’m completely out of empathy for Musk’s fans.
I don’t even trust most banks. I like my credit union, thank you very much.
Hmm, this seems like the sort of addition where it might have been nice to have a bunch of world leading developers and designers hanging around. Seems odd to fire them all if this was the plan.
Indeed that does seem like the sort of mistake that someone who made the largest purchase of thier life after staying up alll night playing Elden Ring would make, but i’m sure it was really a cunning 5d chess move and not evidence that our overlords who are born into wealth are just as dumb as the rest of us.
Oh they’re not as dumb as the rest of us, that’s the scary thing. They’re even dumber.
Sometimes I wonder if he’s doing it on purpose. Like, this has to be a joke, right?
The level of absurd stupidity from someone who’d once seemingly tricked us all into thinking he was really smart is just… baffling.
I’m going to let some impulsive rich brat who paid $36B too much for a social media company, only to tank it and transform it into his own personal political misinformation machine to handle all my finances? Riiiiight.
Well he can fuck right off. The moron strikes again with yet another in a long line of “no one asked for this bullshit” features that hopefully completely destroys his $44,000,000,000 toy.
Is he trying to morph a social media company into the financial services company he didn’t get to build in 1999 because the board threw him out?
Yes, did you read the article? He says exactly that.
Why would I ever want to bank with Twitter, especially while that mentally unstable idiot owns it?
I’m waiting for him to say something about involving crypto and AI
I’m torn between wanting him to go hard on this so I can watch it burn and being terrified he’ll somehow succeed and it will be hard to avoid.
It’s already painful to stay out of Facebook’s clutches.
It’s already painful to stay out of Facebook’s clutches.
How so? NoScript and a pihole make it pretty darn easy.
Because of the number of groups that literally only communicate via Facebook and Facebook marketplace replacing everything else like it.
In my case, that but WhatsApp. Can’t live without it, as much as I’d like.
this genuinely made getting an apartment such a total nightmare. Every “group” online for finding apartments in my city is Facebook only. Sure, craigslist works but it’s filled with out-of-date realty company spam. If you want to avoid facebook the easiest way is just word of mouth but that’s difficult for people moving in from out of town. I ended up getting my current place by emailing a guy who I heard about from a friend.
In some places Messenger is the default communications platform, more so than SMS or WhatsApp or iMessage or whathaveyou.
…Meta owns Whatsapp
My bank? What the fuck lmao
Good luck to Mr. Musk, the bank ain’t gonna give up my money without a fight.
He’s never going to get this past the regulators. Financial break points and buffers make sense, every financial crisis and crisis of stability has taught us that. If you continue to build too big to fail systems, it’s going to be a complete disaster. Deposit institutions shouldn’t be involved in speculative investment banking , which is what high yield usually is. You can’t pay high yields if you aren’t in turn doing any sort of high yield activity with investor deposits. Or without any sort of prop trading. Which he’s sort of suggesting this is going to be. Some of this sounds like it’s going to break the Volcker rule.
Not to even mention this might not qualify for FDIC protections.
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