Elon Musk Wants To Transform Twitter In “X, The Everything App”, Following China Model
It seems that Elon Musk is planning to transform Twitter in X, the Everything app. Check out the latest reports about this below. Earlier today, we revealed the fact that Elon Musk tweeted that he’d picked Twitter’s next...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
It seems that Elon Musk is planning to transform Twitter in X, the Everything app. Check out the latest reports about this below.
Earlier today, we revealed the fact that Elon Musk tweeted that he’d picked Twitter’s next CEO: Linda Yaccarino, who oversaw advertising at NBCUniversal for more than a decade.
“Looking forward to working with Linda to transform this platform into X, the everything app,” he wrote on Friday.
Musk had teased the announcement a day earlier, tweeting: “I’ve hired a new CEO for X/Twitter. She will be starting in ~6 weeks!”
Musk has tacked the letter X onto his business ventures and more. But the billionaire hasn’t given much explanation as to what it means.
“X,” Musk tweeted in April.
Days earlier, a filing in a federal court case in California confirmed Twitter had been folded into X Corp.
Elon Musk hires new Twitter CEOBack in December, Elon Musk put his job as Chief Twit up to a vote on Twitter, and 57.5% of users told him to resign.
Since then, many have speculated about who will be the next CEO of the embattled social media platform.
Now we have the answer, says the online pubcalition Blockworks. Linda Yaccarino will be the new CEO of Twitter, Musk confirmed Friday on Twitter.
Yaccarino was the chair of global advertising and partnerships at NBCUniversal. She left the company Friday effectively immediately to engage in talks to become the head of Twitter, the Wall Street Journal reported Friday before Musk made the announcement.
Regarding the X transformation, “X” has referred to Musk’s newest ambition, building an “everything app” akin to China’s popular WeChat, which doesn’t yet have a U.S.-parallel.
“He wants to create an app similar to how WeChat is used in China, where it’s part of the fabric of day-to-day life. You use it to communicate, to consume news, to buy things, to pay your rent, to book appointments with your doctor and even to pay fines,” said Vance.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptoGazetteRelated market context
Solana Co. chairman says China will find a way to manage crypto
China's gradual shift towards crypto management could influence global regulatory approaches, balancing innovation with oversight....
Senate tax bill frees stablecoin spending while Bitcoin stays on IRS forms
A coffee bought with a qualifying dollar stablecoin would avoid gain-or-loss recognition under the ADAPT Act that Sen. Steve Daine...
Dogecoin gets DeFi testnet as DogeOS bets miners will eventually secure its apps
DogeOS wants to turn DOGE into more than a payments and speculation asset, but its applications still rely on selected operators r...
PUMP Crypto Surges +15%: Will Pump.Fun Explosion Boost SOL?
PUMP crypto is trading at $0.0058, up nearly +15% overnight after a +60% move over the past two weeks. Daily trading volume has al...
Anthropic Claude AI Predicts Uber Bearish $0.10 XRP Target by 2027
Cover your eyes now if you’re a member of the Ripple army. Anthropic’s Claude AI predicts XRP USD could crash as low as $0.05, wit...
Ethereum Price Prediction: Leverage Cools as Spot Demand Drives ETH
Ethereum price is trading at $2,690, up by 1.6% over 24 hours, as derivatives exposure contracts and spot demands turn ETH predict...