Elon Musk wants X to replace banks, gives employees one year time

Elon Musk, owner of X (formerly known as Twitter), plans to transform the social media platform into a financial app that handles users’ entire financial lives, including money and securities. He expects the company to launch these features soon and believes users will be surprised by its power. X CEO Linda Yaccarino also sees this as a significant opportunity and aims to have it rolled out by the end of next year.