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Musk's X Money Plan Thwarted by Regulation and Employee Attrition
BlockBeats News, September 4th: Musk's X Money plan was thwarted by regulatory issues and employee attrition. It is reported that one of Musk's biggest ambitions is to use technology to disrupt and replace traditional banks and payment processors. At the same time, one of his management philosophies is to urge employees to develop products as quickly and cost-effectively as possible. Within X, these two philosophies are coming into conflict. Musk hopes that X can rapidly launch a nationwide payment service, leading to regulatory obstacles and triggering a wave of senior employee departures.
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