Elon Musk Wanted Twitter To Be A Bank: But Is Becoming A Dating App Billionaire entrepreneur Elon Musk’s purchase of Twitter (now X) in 2022 saw many dramatic moments. Musk, who claimed that his favourite platform was Twitter, was not on other social networks.
Also, there are many reasons behind the lack of masks on other social networks. Especially Mark Zuckerberg is the reason why Musk is not active on Meta’s platform. Musk is not active there because of the old enmity between the two people and allegations that the platform sold data.
So the only social network he was active on was Twitter. He used to advertise all his companies through Twitter. When Musk tweeted on Twitter, the stock market was in turmoil. That is, Musk was the most influential person on the social network Twitter.
After buying Twitter, Musk first changed the name of the company from Twitter Inc. to X Corporation. After that, Twitter’s domain was X.com. He wanted to make X an ‘everything app’. Such an app, in which all the features are available.
It has obtained a ‘Money Transmitter License’ in 38 US states including California for payment processing. However, states like New York have yet to get a license. However, there is no basis for this platform to be used for payment. How Musk makes it an indispensable platform for payments remains to be seen.
X is different from what Musk wants. The difference is that it has started to be used as a feature where you can share short videos instead of TikTok, long videos and podcasts instead of YouTube. Similarly, The Verge has mentioned that LinkedIn is becoming an alternative to a dating app to find and find a job and a partner.
