Elon Musk Hints Everything App ‘X’ Is Coming — Says Buying Twitter Accelerates Creation of X – Featured Bitcoin News

Tesla and Spacex CEO Elon Musk has hinted that “X, the everything app,” is coming. Elon Musk explained that his acquisition of Twitter’s social media platform is an acceleration to the creation of X. It could take three to five additional years to finish the project.

Elon Musk’s X — The Everything App

Tesla CEO Elon Musk has hinted about the creation of “X, the everything app.” Responding to a tweet about why he is buying Twitter, Musk wrote Wednesday:

Twitter acts as an accelerator to achieving the original X.com vision.

He similarly tweeted Tuesday that buying Twitter is “an accelerant to creating X.” In a follow-up tweet, he said that Twitter could accelerate X by three to five years.

Elon Musk Hints Everything App 'X' Is Coming — Says Buying Twitter Accelerates Creation of X

Musk had previously mentioned X before. In August, when asked whether he had thought about creating his own social medial platform if the Twitter deal does not come through, the Tesla boss replied: “X.com.”

On Twitter, some people noted that Tesla CEO Elon Musk is obsessed with the letter X. X.com is an online bank Musk founded. In 2000, it merged with Confinity Inc. and became Paypal. Musk purchased domain name X.com in 2015 from Paypal. The Tesla CEO has also set up a few entities with “X Holdings” in their names, including “X Holdings I” and “X Holdings II” that he used in his bid to buy Twitter.

Musk didn’t reveal details on X, but he did share his vision of Twitter as he sees it with employees. Musk made a comparison between Spacex and Wechat in China, which combines social media, payments, games and ride-hailing. Musk stated:

There’s no Wechat equivalent outside of China … You basically live on Wechat in China. If we can recreate that with Twitter, we’ll be a great success.

He also complimented Tiktok’s algorithm for not being boring, suggesting that Twitter could be honed “in the same way to be interesting.” He further noted: “I think Twitter can be much better about informing people of serious issues.”

Musk accepted the $44 Billion original offer, despite months of unsuccessful attempts to renegotiate the deal. Twitter received Monday’s statement from his legal team saying that Musk intends closing the deal to acquire Twitter. However, there are some conditions. Twitter issued the following statement.

We have received the Musk party’s letter which has been filed with SEC. Company’s intention is to close the deal at $54.20 per shares.

Let us know your thoughts about Elon Musk creating X the all-in-one app. Please comment below.

Kevin Helms

Kevin, a student of Austrian Economics and evangelist since 2011, discovered Bitcoin. He is interested in Bitcoin security and open-source software, network effects, and the intersection of cryptography and economics.

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