Elon Musk has stated his intention to create a universal app, calling it “X”. It’s somewhat analogous to the WeChat app used in China. The billionaire has made it clear that he wants to expand the utility of Twitter, so he was on board with the proposal to build X. What exactly is Elon Musk’s Everything App X and how useful do you think it will be? for the coming generations?
Musk’s Everything App X
Musk has indicated that his purchase of social media site Twitter is a stimulus for X development, and that it could potentially shave three to five years off the time it takes to complete the project.
He has offered some opinions on how Twitter could be improved, saying he would like to see it more like WeChat and TikTok, a well-known video-sharing app owned by ByteDance Ltd. heard and gained popularity in the United States. He also referred to the so-called “super apps” that are prevalent in certain parts of Asia. These apps are widely downloaded as they give users access to a multitude of functions ranging from communication to car calling, all within the confines of a single smartphone application.
Also Read: Why Didn’t Elon Musk Take Over Twitter? Tesla CEO is being sued by a social media company for ending a $44 billion deal
Musk’s ideas for the future of App X
The X app is known as an all-in podcast because it integrates a variety of different services into a single package. By using the X app, users have access to a variety of services including messaging, social networking, video sharing, peer-to-peer payments, online shopping and the ability to reserve a car.
This Thursday, Elon Musk reversed the decision he made earlier in the week about his negotiations with Twitter and made a takeover bid for $44 billion. In addition, he presented an idea for developing a social media network that would give users access to everything.
Everything in the podcast
X will be a one-stop shop for all of customers’ daily digital needs. Just before Musk tried to stop Twitter’s purchase, he promised a group of wealthy investors, including Larry Ellison, that by 2028, earnings would have increased fivefold to $26.4 billion. If he made Twitter a WeChat for the rest of the world, he could reach 931 million daily users in six years, which is almost comparable to the number of users of the Chinese giant app. Additionally, he could start a payments company with the potential to have $1.3 billion in annual revenue by that point, reducing Twitter’s reliance on advertising revenue.
Musk has indicated that there is a need in the United States for a super app that combines social networking, chat, video games, payments, and the all-in podcast. An article by Scott Galloway, a professor of marketing at New York University and co-host of technology podcast Pivot, claims that Asian consumers are turning to the internet to power giant apps.
A month later, at a town hall meeting with Twitter staff, Musk elaborated on this concept. WeChat is so applicable and helpful to daily life in China that, in Musk’s words, “literally lives on WeChat”. “And I think if we could achieve that on Twitter, or even come close, that would be a huge achievement,” Musk said. “You literally live on WeChat.” According to CNN, he also predicted that the number of Twitter users, which currently stands at just over 200 million, could grow to “at least a billion people.”
Also read: Elon Musk’s Twitter era begins
The features of App X
The X app will include a number of helpful features that all users will have access to. It’s likely that it would impact all facets of our digital lives, but it’s also likely that it will continue to offer many of the same services, such as
- Both audio and video calls
- spread news
- streaming media
- Play a video game
- Post photos of everyday life
- Interaction with colleagues at work
- Exchange and cryptocurrency integration
- Order and pay for food in restaurants
- Book tickets for a show
- Calling a Taxi (or an Autonomous Tesla)
The X World created by Elon Must and his team
In 1999, Musk co-founded X.com, an online bank that later became PayPal after merging with another company. In 2017, he made an undisclosed purchase from PayPal, which reclaimed the rights to the X.com domain name.
Meanwhile, Musk founded SpaceX in 2002 and introduced the Model X in 2015 through its manufacturer Tesla. Both achievements are remarkable.
To fuel the Twitter acquisition, Musk formed three holding companies in the state of Delaware and named each “X Holdings.”
Establishing a US-focused “super app” in the US would be a challenge, especially considering how many powerful players share similar goals. For example, Facebook and Instagram have both made efforts to expand their e-commerce presence, while Snapchat has experimented with peer-to-peer payment systems. Walmart is getting into the internet banking business, while Amazon has invaded many different aspects of people’s everyday lives.
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