Elon Musk, CEO of Tesla and SpaceX, hinted at the arrival of the “Anything App X”. He explained that the purchase of the social media platform Twitter was the catalyst for the creation of X, which he said could delay the project by three to five years.
Elon Musk’s “X – Everything App”
Tesla CEO Elon Musk hinted at the creation of “X, The Everything App.” In response to a tweet about why he was buying Twitter, Musk wrote on Wednesday.
Twitter is an accelerator for the original X.com vision.
In August, when asked if he had considered creating his own social media platform if the deal with Twitter had not gone through, the Tesla boss replied, ” X.com.”
Some on Twitter pointed out that the Tesla CEO was obsessed with the letter X. First, X.com is an online bank that Musk co-founded; it merged with competitor Confinity in 2000 and changed its name to PayPal. Mr. Musk bought back the X.com domain name from PayPal in 2015. The Tesla CEO has also launched several entities with “X Holdings” in their names, including X Holdings I and X Holdings II, which he used to acquire Twitter.
Musk has not revealed details of X, but he shared his vision of what he wants Twitter to become with Twitter employees in June. The Space X chief cited comparisons to Wechat, a Chinese app that mixes social media with payments, gaming, and even ride-hailing. Musk said.
There is no equivalent to Wechat outside of China… In China, we basically live on Wechat. If we could replicate that on Twitter, it would be a huge success.
He also praised Tiktok’s algorithm for not being boring and suggested that Twitter could be refined “to be just as interesting.” He further stated that ” I think Twitter could be better about informing people about serious issues.”
After months of trying to back out of the Twitter acquisition deal over the number of fake accounts and spambots, Musk decided to go through with his original offer of $44 billion. His lawyers told,Twitter said Monday that the billionaire intends to close the Twitter acquisition deal subject to certain conditions. Twitter later issued a statement.
We have received a letter from the Musk parties that they have filed with the SEC. The company’s intent is to close the transaction at $54.20 per share.
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