Elon Musk: Twitter acquisition will pave the way for ‘super apps X’

The world’s richest billionaire said he wants Twitter to be more useful. Musk has outlined his ambition to turn Twitter into a multi-functional application similar to WeChat or Tiktok.

Elon Musk’s Twitter post. Screenshots.

Elon Musk said buying Twitter will speed up the process of creating what he calls “X, the super app for everything”. The move shows that the billionaire is looking to add new services to his social media platform.

Recently, the world’s richest billionaire, Elon Musk, surprised many people when he changed his mind to continue the purchase of Twitter for $ 44 billion, according to documents filed with the US Securities and Exchange Commission (SEC). ). The American social network said it had received an offer from Elon Musk. “The company’s intention is to close this transaction at $54.2 per share,” the company said.

In his first public speech since reviving the attempt to acquire Twitter, Musk called the acquisition “a catalyst” to build a multifunctional super app.

Musk said he wants Twitter to be more useful and like WeChat, the popular messaging app in China, and TikTok, the Chinese short video app that has grown across the US.

The world’s richest man has outlined his ambition to build a super app popular in Asian regions, allowing users to use a variety of services, from messaging and communication to ordering food and hailing a car, with only one application.

At Tesla’s annual shareholder meeting in August, the CEO emphasized that he uses Twitter a lot and has ideas for making the platform “better in every way.” Musk has even compared Twitter’s ambitions and vision to the financial services company X he co-founded in 1999.

“I actually have a bigger vision of the X corporation,” Musk said. Twitter will help accelerate this process by three to five years.