The letter X has been important in the life of billionaire Elon Musk, from his start as an entrepreneur to his personal life.
Elon Musk proposed to buy Twitter this week for $54.20 a share, an unexpected return to his original $44 billion deal with the company after months of trying to cut it. In April, Musk said he wanted to own Twitter so people could speak more freely on the platform.
Recently, however, Elon shared another reason for buying the social networking company, tweeting:
"Twitter's acquisition is an accelerator to make X, the 'everything' app."
What is X?
Elon Musk, the world's richest man and CEO of the Tesla car company, has had an interesting idea for the X app, inspired by WeChat, which is owned by the Chinese technology giant Tencent.
In China, WeChat is used by more than a billion people as an all-in-one social media, instant messaging and mobile payment app. Used to order food, watch news, etc.
"I think such an app would be really useful. And just the benefit of a spam-free thing where you can comment, you can post videos — I think it's important that content creators get a share of the revenue,” Mr. Musk said on a podcast in May.
Elon Musk has a "grand vision" for X, as "something very useful for the world." He envisions the upcoming app as a place where one can comment, post videos, and not have any annoying spam notifications.
Although it is not yet clear whether X will serve as a social networking application, as a service provider for users, or both - by now it is known for sure that Elon Musk is very serious about the entry of this application into the market!
Source: NY Times
