Elon Musk agreed to pay Twitter $ 44 billion. On Tuesday, Musk released his first public statement, a tweet, indicating his plans to create an app called “X” to beat Twitter. “Buying Twitter is an accelerator to create X, the application of everything,” tweeted the billionaire. The tweet was quoted in a filing with the Securities and Exchange Commission.
https://mobile.twitter.com/elonmusk/status/1577428272056389633?
Twitter employees previously revealed Musk’s desire to create a “great app” for a long time. This concept is widely used in China, where there are apps like WeChat. The billionaire owned an online bank called “X.com” which merged with a software company, Confinity Inc. in 2000. The merged company took the name of PayPal.
When eBay bought PayPal Holdings in 2002 for $ 1.5 billion, Musk invested the proceeds in Tesla and SpaceX. He renewed X.com in 2017 to claim the domain. In May, when Musk agreed to get Twitter for $ 44 billion, he created a company called X Holdings. Twitter would be part of it after the successful acquisition.
https://mobile.twitter.com/elonmusk/status/1577428673971777536?
Musk had previously withdrawn from the deal. He claimed he didn’t have the bot’s account details, which sparked a legal battle between the billionaire and Twitter.
Elon Musk wrote a letter to Twitter executives saying he will only agree to complete the transaction if all charges are dropped. He wrote this letter just two weeks before the trial in the Delaware Commercial Court began. Elon Musk’s tweet claims that “X, the app for everything” aka the “super app” will come after the close of the $ 44 billion Twitter acquisition.
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