Elon Musk promises to make X (formerly Twitter) a financial hub. According to him, in the coming months they will add a comprehensive exchange of information, and the ability to manage the financial world. In this context, the name Twitter is irrelevant. Recall that Twitter changed name beginning with X.
It’s an exceptionally rare thing – in life or in business – when you get a second chance to make another big impression,” X Corp CEO shared. Linda Iaccarino on the X thread, formerly Twitter.
The use of the letter X is a constant theme in Elon Musk’s companies.
Before there was PayPal, there was X.Com. In addition, Tesla’s first electric luxury crossover was named the Model X. And Musk’s aerospace company, SpaceX, is also marked with that letter.
Elon Musk has been constantly talking about creating an application that includes several services, such as those offered by companies such as Alibaba and Tencent, WeChat.
Twitter’s rebranding to X initiates the next step towards creating X, “the app for everything,” Musk said. As Linda Iaccarino pointed out, X is a future state of limitless interactivity focused on audio, video, messaging, payments and banking, creating a global marketplace of ideas, products, services and opportunities. X, powered by artificial intelligence, will connect everyone in ways that are just beginning to predict and represent.
The rebrand comes about 16 months ahead of the presidential election in the United States, and social media companies have not yet decided what their political advertising policy will be.
If successful, X could shed some of Twitter’s baggage and keep advertisers with an app that delivers wider reach through a family of services. But the success of such a super app depends on whether users trust Musk, especially with the insecurity of sharing personal data.
Can X become popular among users?
Now X needs to step up efforts to attract new users. Will the new platform be able to get rid of the loop of problems and scandals associated with Twitter? For now, this question remains open.
Maybe it’s not the names, but the very style of management that Elon Musk uses?
Author: Vadim Gruzdev, analyst Freedman Сlub Crypto News
#Twitter #financial #hub