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Elon Musk’s X.com: From Zip2 to PayPal and the Future of Twitter

Jakarta

Elon Musk has given away a lot of his fortune for X.com. He previously had a startup company, namely a guide site called Zip2. It was 1999, PC Compaq wanted Musk’s product to be its search engine.

Quoted from mashable.com Zip2 sells for US $ 22 million. Finally he planned to create X.com with the hope that X.com would become an online hub for all types of financial transactions in the world.

Many people question what ‘X’ has to do with finances. People also judge that Elon Musk only thinks about wealth. But Elon Musk has never wavered from his will. Then some people called X.com a porn thing, until finally X merged and became PayPal.

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Now that Elon Musk has changed his Twitter name to X, many people are confused. Elon Musk is considered impulsive for changing the social media identity.

Many parties also said that this was done because Elon Musk was desperate because Twitter was known as a loss-making company. Then there is also the assumption that Elon Musk wants to revive the ‘dead’ X.

Quoted from CNBC, Elon Musk really doesn’t want Twitter to just be social media. “In the next few months we will be adding communication features and capabilities to ‘Financial World,'” he said as quoted by CNBC.

For the acquisition of Twitter, Elon Musk has spent US $ 44 billion. The new Twitter CEO Linda Yaccarino said X is a future platform without service limits in audio, video and messages. But it will also be able to serve payments or banking and create markets for new ideas, goods, services and opportunities.

Elon Musk is said to have been inspired by the Tencent WeChat application. This application has a very complete service for its users. Starting from social media, payments, hotel bookings, instant messages to ordering a taxi in just one hand.

WeChat now has more than 1.3 billion users. Initially, WeChat was an instant messaging application like Whatsapp, but Tencent continued to develop it so that it could become a super app.

Not only that, the ride hailing company with offices in Singapore, Grab is now developing itself into food delivery and payment services. Then in South Korea there is also Cocoa.

Elon Musk thinks that people in China who use WeChat will be very helpful in their daily lives. “I think (we) can achieve that (success) with Twitter,” he explained.

X is said to be a new challenger for other social media companies under Meta.

(kilo/that)

2023-07-30 02:37:22
#Reason #Elon #Musk #Super #App

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