Posted on 01/30/2023 1:21:08 PM PST by McGruff
Twitter CEO Elon Musk is not messing around. The billionaire truly does want to take over the world.
Back in October, Musk purchased Twitter for $44 billion and made it clear from day one that he had high ambitions.
As Elon Musk strives to revive Twitter, the company has taken action by submitting applications for regulatory licenses in various parts of the US and developing the necessary software to incorporate payments within the social media platform.
This would directly compete with PayPal who has been slammed by Conservatives for their ‘woke’ practices including banning and suspending payments from people who they don’t agree with.
Check out what the Financial Times reported:
(Excerpt) Read more at trendingpoliticsnews.com ...
Musk has previously said he wants Twitter to offer fintech services such as peer-to-peer transactions, savings accounts and debit cards, as part of a masterplan to launch an “everything app” that incorporates messaging, payments and commerce. In 1999, Musk co-founded X.com, one of the first online banks, which later became part of payments giant PayPal.
Elon started with PayPal....................
Wasn’t Musk part of the PayPal founding group?
Elon started out with PayPal.
Yup.
IMO, entirely expected and predictable. And desirable.
He was one of the founders of PayPal. And he has always said he seeks to turn Twitter into “App X” a sort of “be all” app for everyone. So I’d expect much more than just a payment process added to it. I’d expect he’d include a lot of new features over time to make it more competitive with the likes of Facebook, Instagram, TikTok, even maybe Yelp type reviews and if I’m stretching a bit link up with a ride-share and delivery service too. And things I haven’t thought of because it’s not my area I can barely use this website I don’t use those other social media apps. Not even Twitter.
Now for $44 billion he probably could have built it all from scratch but with this buy he got himself what 300 million built in customers? This pales in comparison to Facebook (2.5 billion users), Insta and Tik Tok, but it’s a start. More features, he’ll attract more users and also monetize them for profit. He surely wants to earn that $44 million back and he can’t do an IPO for, what, 5 or 7 years after taking it private? So he has time to build it up and make it much more valuable, then cash out.
Yep, Musk gets more interesting.
I think that if we dug a bit, behind PayPal deciding to de-platform conservatives, is the Fed or other entities of the Financial Deep State telling PayPal what to do to avoid “trouble” with regulators.
Musk would experience the same pushes, but at least he would be more likely to say where it was coming from.
I wonder how much money bots will spend ?
to be realistic, musk almost has to charge some kind of nominal fee to keep bots off the platform, but if you have to “know your customer” probably you can waive the fee, and profit too
Elon Musk will do it.
If Elon become an alternative with eBay that would be great. PP has become a cesspool of woke a-holes.
LOL...he (obviously) has bought some new hair, since that pic 😂
That’s what I was thinking! But you can buy lots of hair chemicals with the billions he has.
“Twitter CEO Elon Musk is not messing around. The billionaire truly does want to take over the world.”
No Bias there. Gee I wonder what the rest of the article was like.
Good points.
#BetterThanBosley :-)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.