'Probably no coincidence': Report shows how Elon Musk could use power to boost his profits
Raw StoryWith X CEO Elon Musk openly toying with the idea of slashing Social Security in his role on the so-called "Department of Government Efficiency," Rolling Stone took a look at all the ways that Musk and fellow businessman Vivek Ramaswamy stand to benefit financially from their own recommendations. "It’s probably no coincidence that Musk has always opposed the bullet train and once hypothesized a fantastical, headline-grabbing alternative in order to thwart momentum for the project," writes Rolling Stone. "In a November interview with podcast kingpin and fellow Trump endorser Joe Rogan, Andresseen egregiously misrepresented the CFPB, falsely claiming that it is controlled by Sen. Elizabeth Warren and that it is 'debanking' people, or closing their financial accounts, over their political views," the report notes. "Perhaps Andresseen was unwilling to grant the CFPB credit for securing almost $20 billion in relief for consumers since it was founded because three years ago it shut down a scam online loan startup backed by his VC firm, Andreessen Horowitz, distributing $40 million to customers who were deceived."