With Elon Musk, there are not enough twists and turns in situations. While the boss of Tesla and SpaceX seemed ready to go to court to get out of the agreement to buy Twitter (claiming a problem with the robot count and spam on the platform), this one changed his mind last night. The billionaire will end up buying Twitter, and he hasn’t even renegotiated the price. Indeed, the Twitter takeover will be at a price agreed in April of $44 billion.
What is Elon Musk doing?
The information was first published by Bloomberg and then confirmed by official documents. From son On the other hand, Elon Musk preferred to speak directly about the next step on son Twitter account: integration of the microblogging platform into one of his projects. In his post, he points out that the Twitter takeover is an accelerator for creating “X,” an app “for everything.” In response to a user request, the Tesla boss later added that Twitter would speed up the creation of this Project X from 3 to 5 years, but did not provide further details.
Buying Twitter is an acceleration creating X, the app for everything — Elon Musk (@elonmusk) October 4, 2022
American WeChat dream
With Project X or this “app for everything” possible that the billionaire wants to offer a service similar to WeChat in Europe and the US. WeChat is a messaging app that Tencent offers in China. But in addition to the messaging functions, it is also a network social, a payment service, and it includes other features that allow users to perform everyday tasks such as ordering food or calling a taxi. Basically, “one app for everything”! Some media are talking more not about application, but about “super-statement”. And it is this model super-The Chinese application is of interest to Elon Musk. In June, during a meeting with Twitter employees, Musk would have already explained that there is no equivalent of WeChat outside of China yet, and that there is a possibility to create one. “You basically live on WeChat in China because it is so useful and useful for your daily life. And I think that if we could achieve this, or at least get close to it, with Twitter, it would be a huge success,” he said at the meeting. But, according to Musk, the project will take time to implement. Meanwhile, the Tesla boss already has a domain name: X.com. In a recent article, MarketWatch recalls that X.com was the domain name of Musk’s online bank, which teamed up with another company to former PayPal, which was later acquired by eBay. As for the X.com domain name, Elon Musk bought it in 2017. It should also be noted that the entity that will buy Twitter is called “X Holdings”.
