Many charities 'net negative' for world: Billionaire Brian Armstrong

Coinbase's billionaire CEO Brian Armstrong said many "charities and philanthropies are net negative on the world". Stating that he doesn't want to create a foundation, Armstrong added, "It's actually remarkably hard to find a foundation that has not gotten captured by ideology." Responding to Armstrong's comments, the world's richest person, Elon Musk, said, "He's right."