From Twitter to X: How Musk is Rebranding the Social Media Platform Into an ‘Everything App’

2023-10-29 17:56

On October 27 last year, tech billionaire Elon Musk made an interesting acquisition. He spent $44 billion to purchase the microblogging platform Twitter for $44 billion with a vision of turning it into an “everything app.”

A year later, BeInCrypto examines the transformative changes, including the rebranding and other alterations initiated by the billionaire within the platform.

Rebranding and Fee Introduction

Musk made a major alteration to Twitter by implementing a subscription model and rebranding the platform as ‘X.’ This decision triggered varied responses from crypto users, who can now generate income through their posts on the platform.

Before Musk acquired the platform, the cryptocurrency community speculated that the billionaire would integrate a native crypto token into the social media platform.

Read More: Best Upcoming Airdrops in 2023

However, Musk has quashed any possibility that the site will launch any cryptocurrency token, saying X will “never” develop a token.

The ‘Everything App’ Dream

Despite killing the dream of a token launch, Musk remains focused on making X the Everything App. According to Musk, the app will soon be integrated to include comprehensive financial services. 

CEO Linda Yaccarino also described X as the future of interconnectivity, including audio, video, messaging, payments, and banking. She said:

“There’s absolutely no limit to this transformation. X will be the platform that can deliver, well….everything. elonmusk and I are looking forward to working with our teams and every single one of our partners to bring X to the world.”

Bot Problems Persist

One year after Musk’s acquisition, the persistent issue of bots remains. It’s worth recalling that the tech billionaire vocally expressed frustration with this problem before taking over.

To combat these bots, X has introduced various subscription models for its users. The most recent development introduces a $1 subscription model, aptly named “Not A Bot,” currently undergoing testing in New Zealand and the Philippines.

However, the move has failed to stop the deluge of bots and spammers as the platform continues to battle these issues.

Meanwhile, the platform maintains its stronghold as the go-to hub for crypto-related discussions. Influencers, CEOs, politicians, and regulators alike continue to use X as a means to engage with the crypto community.

While there has been a decline in user numbers, its reputation as a pro-crypto platform remains steadfast.

Musk’s Tweet Continues to Move Market

Before acquiring Twitter, Musk was known for his frequent discussions about meme coins. His posts had a notable impact on the prices of cryptocurrencies like Dogecoin and Floki Inu.

That has continued deep into his ownership of the platform, with him jokingly referring to his Floki dog as the new CEO of Twitter (X) in February.

Read More: 9 Best Crypto Demo Accounts For Trading

The post From Twitter to X: How Musk is Rebranding the Social Media Platform Into an ‘Everything App’ appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

The Hustle App (HUSL) íà Currencies.ru

$ 0.0001612 (+0.15%)
Îáúåì 24H $120
Èçìåíåèÿ 24h: 2.60 %, 7d: 11.87 %
Cåãîäíÿ L: $0.0001612 - H: $0.0001612
Êàïèòàëèçàöèÿ $0 Rank 3368
Äîñòóïíî / Âñåãî 0 HUSL / 1b HUSL

everything app musk twitter crypto rebranding social

everything app → Ðåçóëüòàòîâ: 52


Ôîòî:

Out of Testnet and Into Alpha: Lightning Labs’ Desktop Application Is Live

Lightning Labs just released an alpha version of its Lightning Network wallet. The desktop application is now compatible with Bitcoin’s mainnet and it leverages Neutrino (the protocol, not the analytics company acquired by Coinbase) to give users a lightweight option to “control their own funds,” as opposed to running a full node or trusting a third party to play custodian.

2019-4-24 01:38


Ôîòî:

Apple TV+, News+, and credit card: Everything announced at today’s event

Apple today held it’s latest special event, and if you ever thought Apple couldn’t put on a good show without new hardware, then this would be the show in which it proved you wrong. It pulled out all the stops introducing its new apps, including upgrades to its existing News and TV services, along with a new credit card and a game subscription service.

2019-3-26 00:22


Lucre Global ICO

Lucre is an Ethereum-based blockchain company that creates a decentralized, autonomous, cashless, transparent and secure payment solution and ecosystem for the global gambling industry. It also tackles user KYC processes, making the Lucre wallet and app, not only a safe, decentralized, single hub for player bankrolls, but also a single-login solution for all partner casinos across the globe.

2018-9-5 08:07


Bubblo ICO

Bubblo is an Al powered discovery app and marketing platform that harnesses the power of blockchain to empower users to commoditize their personal data and bargain it with businesses in exchange for deals, discounts and prizes.

2018-7-17 20:44