This acquisition transaction is paving the way for a larger platform that will integrate messaging, payment, and commerce together.
Elon Musk(Elon Musk)Intermittent440$100 million acquisitionTwitterThe plan is often seen as an impulsive move by the world's richest man. But this Tesla andSpaceXThe CEO of the company now insists that this transaction is part of a major plan aimed at launching a "versatile application" that integrates messaging, payment, and commerce, and is already in the pipeline20many years. Musk's lawyer told the social media company that he plans to pay per share54.20Continuing to acquire at the original price in US dollarsTwitterMusk on TuesdayTwitterIt reads: "AcquisitionTwitterCreating Universal ApplicationsXThe catalyst The deal is conditional on debt Financing and ending months of difficult exit litigation. Since this year4Since the first proposed acquisition in May, Musk has stated that it hasTwitterMore importantly, it is to maintain the platform as an open space for "freedom of speech" - not to mention to address the issue of spam, which has led toTwitterMusk, a heavy user, is angry - not to make money. However, this summer, Musk hinted thatTwitterA larger plan: to turn it into a pillar of WeChat style "super applications", serving as an operating system for people's digital lives. As mentioned in Tuesday's tweet“X”It seems to be referring to Musk's second startupX.comThe company ultimately evolved intoPayPal。2017In, MuskPayPalI bought back this single letter domain name in my hand. There is currently no plan, "Musk said at the timeTwitterBut it has great emotional value for me However, Musk8Yue revealed that he actually has a broader vision, which I believeX.comorXWhat could the company become in that year. This is a very grand vision. Obviously, it can start from scratch, "he said at Tesla's annual shareholder meeting, but did not further disclose the specific content of the plan. But I thinkTwitterWill help accelerate this process3reach5Year initialX.comIt is one of the earliest online banks, founded by Musk in1999It was founded with others at the beginning of the year when the initial Internet foam reached its peak. Musk's first startup companyZip2It is an online directory of a local enterprise, which was just over3Sold to Compaq for billions of dollars(Compaq)。 As a newly minted millionaire, MuskX.comInvested in1200Ten thousand dollars - this is his saleZip2Most of the after tax income. He envisioned that the bank would eventually become a one-stop financial services store, covering various fields from consumer bank accounts to brokerage services and insurance. One year later,X.comCompeting with competitorsConfinityMerge and merge on2001Renamed toPayPal。2002Year, when it starts with15Sold at a price of 100 million US dollarseBayAt that time, Musk made about1.8Billion dollars, which gave him the opportunity to continue investing in electric vehicle startup Tesla(Tesla)And create your own rocket companySpaceXOur financial resources. But for many years, Musk has always expressed that he believesX.comMissed the opportunity to become the 'central venue for all transactions'. He told Ashley Vance, the author of his biography(Ashlee Vance)He even considered "attempting toPayPalBring it back. Vance is in2015If all your financial affairs are seamlessly integrated in one place, then trading is very easy and the transaction related fees are also very low, "Musk was quoted as saying in his biography(PayPal)Why not do this? This is simply crazy lately,PayPalWe have made more ambitious moves to become a "super application" in payment. But Musk's talk about integrationTwitterandX.comThe concept seems to go further. Earlier this year, Musk showed investors his appreciation forTwitterOur vision includes increasing the number of usersPaypalThe traditional payment method reduces advertising and instead charges subscription fees to some users. He expected to arrive2028In the year, there will be over1Billion user registrationXSubscription services. Musk is not the first American technology entrepreneur to attempt to create a WeChat style super application that integrates social media and business outside of China. MetaCEO Mark Zuckerberg has been committed to bringingFacebook MessengerTransforming into a platform that integrates gaming, payment, and shopping, andSnapEvan Spiegel also tried toSnapchatCreate an image similar to WeChat with various mini programs. But neither of these companies has achieved the same success as Tencent's WeChat. WeChat has over12Billion users dominate the Chinese internet. Nowadays, accessingX.comDomain name users will only see a lowercase letter on a blank background“x”。 But if people believe Musk's words - for this mischievous entrepreneur, this is not always inevitable - it may one day become even bigger. Musk in8Moon said, restartX.comIt's something I've always thought was quite useful for a long time. I know how to do it...。 I think this is a very useful thing for the world. He added, "I do use it frequentlyTwitter。 I'm not just going around buying companies or something |
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