Elon Musk said he wanted to turn Twitter into the “town square” and “everything app.” He has failed at both. Also: some observations from this week of tech earnings.
When Elon Musk was forced to buy Twitter two years ago, he said his goal was to turn the platform into two things: the “digital town square” and the “everything app.” He has failed at both goals.
X isn’t something that is upsetting “the far right and the far left equally,” Instead, it has become Musk’s political weapon. In fact, he may be so preoccupied with trying to get Donald Trump elected that he has forgotten that X was supposed to be a bank by now.
This time last year, Musk said in an internal X meeting that it “would blow my mind” if the service couldn’t handle “someone’s entire financial life” by the end of 2024. The first step toward this vision is a Venmo-like payment feature that’s still in development. X says it has secured money transmitter licenses to process payments in 38 states, including California, but has yet to get approval in key states like New York.
Source : https://www.theverge.com/2024/11/1/24285681/x-elon-musk-everything-app-bank-fail
