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Microsoft Freezes Salaries to Navigate Economic Uncertainty
Microsoft Freezes Salaries to Navigate Economic Uncertainty
Microsoft Corp. has decided to freeze pay for all full-time workers this year to help it navigate macroeconomic
2023-05-11 11:22
Goldman Sees India Holding Its Own Even If China Stocks Rebound
Goldman Sees India Holding Its Own Even If China Stocks Rebound
A rebound in Chinese equities is unlikely to spur a strong rotation of funds out of India, where
2023-06-14 13:23
Russia back in investors' focus after weekend mutiny
Russia back in investors' focus after weekend mutiny
NEW YORK/LONDON Some investors were watching for ripple effects from an aborted mutiny in Russia on Saturday, expecting
2023-06-25 12:21
Senior Nomura Banker Barred From Exiting China, FT Says
Senior Nomura Banker Barred From Exiting China, FT Says
A senior banker at Nomura Holdings Inc. has been barred from leaving China in a move connected to
2023-09-25 16:53
Novo Shares Rise After Wegovy Demonstrates Heart Benefit in Trial
Novo Shares Rise After Wegovy Demonstrates Heart Benefit in Trial
Novo Nordisk A/S gained another $14.5 billion of market value after a key study backed the use of
2023-11-13 20:53
Meyers Manx to Unveil Revolutionary 'Resorter' Neighborhood Electric Vehicle at 'The Quail, A Motorsports Gathering'
Meyers Manx to Unveil Revolutionary 'Resorter' Neighborhood Electric Vehicle at 'The Quail, A Motorsports Gathering'
CARMEL, Calif.--(BUSINESS WIRE)--Aug 14, 2023--
2023-08-14 22:18
Wanda in Talks With Banks on Loan Relief as Challenges Mount
Wanda in Talks With Banks on Loan Relief as Challenges Mount
Dalian Wanda Group Co. is in talks with major Chinese banks on a loan relief plan that could
2023-05-09 10:21
Billions Wiped Out as Stock-Safety Trade on Wall Street Misfires
Billions Wiped Out as Stock-Safety Trade on Wall Street Misfires
Reeling from a bear market last year, beaten-up investors decided to send more than $60 billion to exchange-traded
2023-11-27 19:15
Eskom Latest: Utility ‘Confident’ Nuclear Unit Fixed by November
Eskom Latest: Utility ‘Confident’ Nuclear Unit Fixed by November
South Africa’s Eskom Holdings SOC Ltd. expects to finish maintenance on the first of two units at its
2023-08-11 16:15
White House to detail plans restricting some US investments in China on Wednesday -source
White House to detail plans restricting some US investments in China on Wednesday -source
By Karen Freifeld and David Shepardson NEW YORK/WASHINGTON (Reuters) -The White House on Wednesday will detail its plans to prohibit
2023-08-10 00:20
Xsolla Appoints Chris Hewish as Interim CEO to Continue Its Global Expansion and Employee Growth
Xsolla Appoints Chris Hewish as Interim CEO to Continue Its Global Expansion and Employee Growth
LOS ANGELES--(BUSINESS WIRE)--May 25, 2023--
2023-05-25 23:18
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