Elon Musk has ditched the famous bluebird as he recently introduced Twitter’s new identity. In October 2022, Musk purchased Twitter reasoning that buying the site was “an accelerant to creating a super app akin to China’s WeChat, India’s Paytm, and Indonesia’s GoJek.”
Earlier this year, the Tesla owner rebranded Twitter calling it the X Corp which will fit with Elon Musk’s vision for the social media platform. Although the fans are displeased with this change, Musk promises an elevated platform calling it The Everything App. However, the users won’t be shocked if Musk is hiding a hidden motive behind launching the rebranded Twitter.
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What Will X, The Everything App, Feature?
The Tesla owner dreams of turning the platform into China’s WeChat-style super app with multiple functions on a single platform. According to fellow tech Chinese app was a good model for what Twitter could become.
He also said, “If you’re in China, you kind of live on WeChat, it does everything. It’s sort of like Twitter, plus PayPal, plus a whole bunch of other things. And all rolled into one”. And in May, Elon Musk hired a new CEO Linda Yaccarino, telling that “the executive will help transform this platform into X, the everything app.”
From freedom of Speech and Dogecoins to Premium subscriptions will be a part of a rebranded Twitter. Also, it will become a payment platform as well making it easier for the users. The name although stolen from an old Twitter user, it comes from Musk’s legacy business X.com which is a precursor to Paypal. Apparently, Musk brought this domain name in 2017 only it has a “great sentimental value” for him.
In case you missed: What Is X, The Revamped Super App Version Of Elon Musk-Led Twitter?
Is X Elon Musk’s Plan To Take Over Social Media?
Elon Musk is undeniably an evil genius. Musk revealed that he is turning X, the social media platform, formerly known as Twitter into an everything app, which will include messaging, banking as well as entertainment.
According to reports, Musk hopes that the new plan has the potential to take the valuation of Twitter above $250 billion, over five times more than the amount at which Musk bought Twitter. In March, the valuation of Twitter had reached $20 billion.
With the added revenue and valuation, the company is also facing heavy competition with Meta’s Threads which attracted over 30 million sign up just within 24 hours of its launch. Other apps including BlueSky and Mastodon are also preying on Twitter users.
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