TechFlow news, September 4 — According to The Information, Musk's X Money project is facing setbacks due to regulatory challenges and employee turnover. It is said that one of Musk's greatest ambitions is to use technology to disrupt and replace traditional banks and payment processors. At the same time, one of his management philosophies is urging employees to develop products as quickly and cost-effectively as possible. Within X, these two philosophies are now clashing. Musk's push for X to rapidly launch a nationwide payment service has led to regulatory hurdles, triggering an exodus of senior staff.
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