Elon Musk apparently intends to morph Twitter into an 'everything app' he calls X.
AUSTIN - Elon Musk apparently intends to morph Twitter into an"everything app" he calls X.
Start with the competition and consumer demand. Facebook parent Meta has spent years trying to make its flagship platform a destination for everything online, adding payments, games, shopping and even dating features to its social network. So far, it's had little success; nearly all of its revenue still comes from advertising.
Musk kicked off the latest round of speculation on Oct. 4, the day he reversed his attempts to get out of the deal and announced that he wanted to acquire Twitter after all."Buying Twitter is an accelerant to creating X, the everything app," he tweeted without further explanation. "Obviously that could be started from scratch, but I think Twitter would help accelerate that by three to five years," Musk said in August."So it's kind of something that I thought would be quite useful for a long time. I know what to do."
China has 1 billion internet users, and nearly all of them go online by mobile phone, according to the government-sanctioned China Internet Network Information Center. Only 33% use desktop computers at all - and mostly in addition to mobile phones. Tencent says WeChat had 1.3 billion users worldwide as of the end of June.
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