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X is just PayPal 2.0
(lemm.ee)
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this post was submitted on 26 Jul 2023
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Yet. It's not a competitor yet. Musk has been open about working towards making it a competitor.
Again because last time went so well. And Elon musk is known for not liking and failing at complying to regulations, and that man wants to run a financial service provider? Hahahaha
Last time he got bought out for hundreds of millions of dollars, so yeh I’d say it went pretty well.
And then he continued to work on his x.com ideas, to be kicked out because he wasn't able to produce a product. Obviously he made money, but his idea failed. And him making money, doesn't change anything about his history with not complying with regulations and his plan to run in the modern environment a financial service. 9/11 changed the finance world. Obviously musk doesn't quite know that.
What on earth does this have to do with 9/11?
A lot of new regulations for the financial services. Like truly a lot.
Yeah, lots of regulations in building cars and space ships too.
I have good news. He is not complying to regulations with Tesla nor with SpaceX. He has multiple lawsuits going on for tesla and Elon musk's behavior has been ruled to be in violation of labor laws. SpaceX had issues with the FFA due to broken launch licenses. Thanks for making my point
If he wasn’t complying with regulations he wouldn’t be able to sell cars or launch rockets.
Lawsuits are irrelevant in lawsuit happy countries like the US.
https://www.reuters.com/business/retail-consumer/german-region-fine-tesla-illegal-construction-2021-07-08/
He would be able... And there is a big difference between the regulations that he fulfils and the ones that he doesn't. Everything that is not directly needed to get the money, he doesn't want to do.
Please look into his regulatory issues before saying things like "lawsuits are irrelevant" and "he couldn't sell cars". It shows a lack of understanding of the reality of a state of law.