Elon Musk's ‘money doesn’t have power' video goes viral. Watch | World News - Hindustan Times
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Elon Musk's ‘money doesn’t have power' video goes viral. Watch

By | Written by Poulomi Ghosh
Jul 24, 2022 09:53 AM IST

Elon Musk said money is a database for the exchange of goods and services. 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.

An old video of the world's richest man, Elon Musk, saying that money has no power in itself, has gone viral as Elon Musk on Sunday posted a 'yes' to the video implying that he stands by his comment in the viral video. The viral clip is from an interview in April this year after Elon Musk announced his intention to buy Twitter, which now got stalled.

In the viral video, Elon Musk said money is a database for exchange of goods and services. (REUTERS)
In the viral video, Elon Musk said money is a database for exchange of goods and services. (REUTERS)

"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," Elon Musk said in the video.

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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, Elon Musk was the second richest person in the world, after Amazon founder Jeff Bezos. In 2022, Elon Musk became the richest man with a net worth of $219 billion.

Elon Musk's proposed Twitter deal went kaput after Musk terminated the deal over the issue of fake and spam accounts. Twitter took a legal move 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 Elon Musk for its recent loss of avenue as the social media platform missed expectations with revenue of $1.18 billion, due to 'advertising industry headwinds as well as uncertainty related to the pending acquisition of Twitter by an affiliate of Elon Musk'.

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