According to The Information, Elon Musk’s X Money payments initiative is grappling with regulatory obstacles while also experiencing a rise in employee turnover, raising concerns about its operational stability.
The Information reported that X Money, the payments business under Elon Musk’s social media platform X, is facing regulatory challenges alongside growing employee turnover. These developments add further pressure to the project’s already strained trajectory, underscoring concerns about its ability to maintain momentum and meet financial technology ambitions.