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Musk builds an overseas version of WeChat, Facebook is the most injured

  • linda
  • 2022-11-01 09:14:33
  • 151 read
  1  After a long tug-of-war with Twitter, Musk's acquisition of Twitter has become a foregone conclusion. ...

  1

  After a long tug-of-war with Twitter, Musk's acquisition of Twitter has become a foregone conclusion.

  On the 26th local time, Tesla CEO Elon Musk (Elon Musk) appeared at Twitter's company headquarters in San Francisco, and posted a video on Twitter of himself walking into the office with a kitchen sink and putting himself 's public profile was changed to "Chief Twit" and the location was set to Twitter headquarters. "Go into Twitter HQ and let it sink in! (let that sink in.)" he wrote in a video tweet.

  On the 27th, Musk retweeted another tweet that showed Musk talking to employees in a cafe at Twitter’s headquarters. It is reported that Musk has officially taken over Twitter, and the company’s CEO Parag Agrawal and CFO Ned Segal have both left Twitter’s San Francisco headquarters. successor candidates.

  2

  Why would Musk buy Twitter when he owns such amazing companies as Tesla and SpaceX? As a famously crazy entrepreneur, Musk is actually extremely sane, otherwise Tesla would not be able to achieve the current great achievements. Musk’s huge sum of money to acquire Twitter is not a blind act of the rich and arrogant, but has his own systematic considerations.

  Musk recently said he bought Twitter "because having a common digital city square is important to the future of civilization, where beliefs of all kinds can be debated in a healthy way." Although Musk's statement is more exciting, in addition to this seemingly noble purpose, he also has realistic business considerations, that is, Twitter has huge transformation potential and capital market appreciation space.

  Musk has previously said that Twitter, the social media giant, is part of his plan to create a mysterious "everything app," or simply "X." He also tweeted: "Buying Twitter is an accelerator to create X, the super app."

  In May of this year, Musk praised Chinese mobile apps such as WeChat. Musk said that if you are in China, you can basically live in WeChat, it can do everything, and this is a really good app. Musk said he thinks such an app is very useful, it has no spam, you can post comments, you can post videos. Importantly, content creators also get a revenue share.

  From Musk's remarks above, it can be speculated that this universal application "X" should be closer to China's "super application" - WeChat. In a video widely circulated on the Internet, Musk praised without hesitation that he will directly copy WeChat, allowing Twitter to realize a series of functions from communication to payment.

  The reason why Musk came up with this idea has an important background, that is, he founded an online payment company X.com in 1999, which was later acquired by PayPal. At present, PayPal has become the largest online payment service provider in the United States. Similar to Alipay and WeChat Pay in China.

  When creating X.com, Musk had a grander vision for it, but was forced to sell it due to many factors, which made him have a lot of regrets. But with the development of the mobile internet, Musk sees a chance to start from scratch with what Company X once envisioned, and Twitter will help bring it to life by 3-5 years. Musk also said in a grander tone, "This will be very useful to the world."

  3

  Capital markets were the sharpest, reacting quickly to Musk's imminent acquisition of Twitter.

  Among them, the biggest benefit is naturally Twitter. In the past six months, against the backdrop of the overall recession in the U.S. stock market, Twitter’s share price has risen sharply, from around $30 to $53.7.

  While Twitter's stock price continued to rise, one of the more surprising events was that the market value of Meta Platforms, the parent company of Facebook, a well-known American Internet giant, plummeted by more than 24% the day after Musk visited Twitter's headquarters. Musk's influence is evident.

  Investors' concerns are not without reason. Judging from the current situation of the Chinese market, WeChat basically monopolizes the entire Internet social market in China, and if Twitter can achieve WeChat-style transformation and integrate Twitter's existing advantages, it will be a huge impact on Facebook's online social business.

  After creating many miracles such as Tesla and SpaceX, we expect that under the leadership of Musk, Twitter can also bring some new surprises to the current slightly dull global Internet industry. And once Twitter can be successfully rejuvenated in Musk's hands, Musk's future story as a legendary entrepreneur will be fuller.


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