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What is Elon Musk’s ‘everything app’ X?
What is Elon Musk’s ‘everything app’ X?
Elon Musk’s plan to build an “everything app” is underway. After rebranding Twitter to X, the tech billionaire encouraged users to rethink the “whole concept” of what the platform is. Before he even purchased Twitter in October 2022, Mr Musk said that buying the site was an “accelerant” to creating a super app akin to China’s WeChat, India’s PayTM and Indonesia’s GoJek. These apps offer users the ability to not just make posts, but also send and receive payments, watch and listen to content, and even access services like booking taxis or ordering food deliveries. Earlier this month, Mr Musk reportedly secured money-transmitting licenses in three US states, suggesting it is already preparing to become a payments business. Linda Yaccarino, who took over as the chief executive of Twitter last month, gave more details about what the new X app will become, tweeting on Sunday that the rebranding was part of the company’s goal to “transform the global town square” beyond a social network. “X is the future state of unlimited interactivity – centred in audio, video, messaging, payments/banking – creating a global marketplace for ideas, goods, services, and opportunities. Powered by AI, X will connect us all in ways we’re just beginning to imagine,” she tweeted. “For years, fans and critics alike have pushed Twitter to dream bigger, to innovate faster, and to fulfil our great potential. X will do that and more. We’ve already started to see X take shape over the past 8 months through our rapid feature launches, but we’re just getting started.” X did not respond to a request for further information from The Independent about when such changes might take place. Shortly before his takeover of Twitter was complete, Mr Musk tweeted: “Twitter probably accelerates X by three to five years, but I could be wrong.” Mr Musk has had access to the X.com domain since 2000, during which time he was working on PayPal. Before rebranding Twitter, the website simply showed the letter ‘X’, but now redirects to Twitter.com. Earlier this year, Twitter changed its business name to X Corp to align with Mr Musk’s “everything app” vision, but social media experts have questioned whether such a concept could ever work outside of Asia. “I’ll believe it when I see it,” industry commentator Matt Navarra said at the time of Mr Musk’s takeover. “Super apps, as they are known in the industry, are not a new thing. They’ve been hugely successful in Asia, but have not really caught on elsewhere. Could Twitter form part of a super app that lets you buy goods, chat to friends, get news updates, book a taxi etc.? Sure. Can Elon Musk make it work? Possibly. Will Elon actually do it? Who knows. He seems to have commitment issues.” Others have raised concerns about whether ditching the Twitter brand and associated bird logo could further damage the platform’s reputation, which has been under heavy scrutiny since Mr Musk’s takeover last year. “By changing Twitter’s app name, Elon Musk will have single handedly wiped out over fifteen years of a brand name that has secured its place in our cultural lexicon,” Mike Proulx, a research director at advisory firm Forrester, told The Independent. “This is an extremely risky move because with ‘X,’ Musk is essentially starting over while its competition is afoot.” Read More Twitter rebrands to X as part of Elon Musk’s plan to create an ‘everything app’ Twitter no longer exists as a company What is Elon Musk’s ‘everything app’ X? Elon Musk’s ‘X’ is already trademarked by Mark Zuckerberg Elon Musk red-faced as police halt Twitter sign removal leaving firm called ‘ER’
2023-07-26 16:23
After $1.8 Billion of Outflows, Asia’s Worst-Performing Stock Market Is Set for Election Boost
After $1.8 Billion of Outflows, Asia’s Worst-Performing Stock Market Is Set for Election Boost
Thai investors are pinning their hopes on the general election to revive stocks in Asia’s worst-performing market this
2023-05-09 07:28
Rising Consumer Pain Triggers Wall Street Concern: Credit Weekly
Rising Consumer Pain Triggers Wall Street Concern: Credit Weekly
US consumers, particularly those with lower incomes, are running into financial trouble as pandemic savings disappear, a headwind
2023-07-23 03:21
Apple to Scale Up India Production Fivefold to $40 Billion
Apple to Scale Up India Production Fivefold to $40 Billion
Apple Inc. plans to increase production in India more than fivefold within the next five years, PTI reported,
2023-09-24 21:26
Charting the Global Economy: Inflation Eases in US and UK
Charting the Global Economy: Inflation Eases in US and UK
Inflation eased in both the US and UK, prompting bets that central banks on both sides of the
2023-11-18 18:19
European shares rise on US debt deal optimism
European shares rise on US debt deal optimism
European shares rose on Monday as investors drew comfort from a tentative deal reached by U.S. lawmakers to
2023-05-29 15:48
Hamburgers and steaks are a big climate problem. Could new grazing practices be the answer?
Hamburgers and steaks are a big climate problem. Could new grazing practices be the answer?
It sounds like clickbait: How this one weird cow trick can improve soil, water, wildlife, and farmer wealth while pulling tons of planet-cooking carbon from the sky. But research has found grazing like buffalo has plenty of benefits.
2023-07-03 22:29
China's Huawei sells 1.6 million Mate 60 series handsets in six weeks - research firm
China's Huawei sells 1.6 million Mate 60 series handsets in six weeks - research firm
SHENZHEN, China (This Oct. 19 story has been corrected to say '1.6 mln Mate 60 series sold', not
2023-10-24 12:52
Fidelity rolls out suite of new ETFs, slashes fees
Fidelity rolls out suite of new ETFs, slashes fees
By Suzanne McGee Fidelity launched a group of six new exchange-traded funds (ETFs) Monday and announced sharp reductions
2023-11-14 02:24
China Stocks, Yuan Jump as Beijing Vows More Support for Economy
China Stocks, Yuan Jump as Beijing Vows More Support for Economy
Chinese stocks and the yuan rose sharply after Beijing signaled fresh support for the struggling economy, including further
2023-07-25 10:29
A village in Maine is again delaying a plan to build the world's tallest flagpole
A village in Maine is again delaying a plan to build the world's tallest flagpole
Plans to build the world’s tallest flagpole are being delayed — again
2023-08-30 04:46
Fed's Powell: More rate hikes are likely this year to fight still-high inflation
Fed's Powell: More rate hikes are likely this year to fight still-high inflation
With inflation in the United States still too high, most Federal Reserve officials expect to raise interest rates further this year, Chair Jerome Powell said in prepared testimony to be delivered to a House committee
2023-06-21 22:56