Elon Musk’s ‘money doesn’t have power’ video goes viral


As the video went viral again, many social media users commented that only the world’s richest man can say that money has no power. In 2021, Musk was the second richest person in the world, after Amazon founder Jeff Bezos. In 2022, Musk became the richest man with a net worth of US$219bil (RM976.63bil). — AP

An old video of the world’s richest man, Elon Musk, saying that money has no power in itself, has gone viral as the billionaire on July 24 posted a ‘yes’ to the video – implying that he stands by his comments in the viral video.

The viral clip is from an interview in April this year after Musk announced his intention to buy Twitter, which is now stalled.

“People get confused sometimes they think an economy is money. Money is a database for exchange of goods & services. Money doesn’t have power in & of itself. The actual economy is goods & services,” Musk said in the video.

As the video went viral again, many social media users commented that only the world’s richest man can say that money has no power. In 2021, Musk was the second richest person in the world, after Amazon founder Jeff Bezos. In 2022, Musk became the richest man with a net worth of US$219bil (RM976.63bil).

Musk’s proposed Twitter deal went kaput after he terminated the deal over the issue of fake and spam accounts. Twitter then took a legal action against Musk.

In the legal battle, Twitter scored an early win against Musk as the judge agreed to fast-track the case. An October trial date has been given.

Twitter has blamed Musk for its recent loss of avenue as the social media platform missed expectations with revenue of US$1.18bil (RM5.26bil), due to ‘advertising industry headwinds as well as uncertainty related to the pending acquisition of Twitter by an affiliate of Elon Musk’. – Hindustan Times, New Delhi/Tribune News Service

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