| Alexander Schöpf
|
11.04.2023
The merger with another Musk company could be the harbinger of a radical transformation of the short message service.
Hardly a day goes by when Elon Musk and Twitter don’t make headlines: it has now been announced that Twitter Inc. no longer exists. It was merged with another Musk company, X Corp, on March 15. X Corp was only incorporated on March 9th. The name suggests that the Twitter boss wants to push his plan for a super app called “X”. “The purchase of Twitter accelerates the development of X, the app for everything,” Musk announced in October 2022 shortly before the takeover of the short message service.
According to media reports, the Chinese app “WeChat” is said to be the model for “X”. In addition to messaging functions, WeChat has the option of arranging doctor’s appointments, ordering groceries, booking taxis or applying for a visa. A payment function is also integrated. Unsurprisingly, in January, Twitter submitted an application to be licensed as a payment service provider in the United States. Elon Musk already has experience with online payment services. In 2000 he was one of the founders of one of the pioneers in this field: PayPal.