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Elon Musk teases ‘X’ app that can do ‘every part’ after he closes Twitter deal

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Billionaire Elon Musk teased his plans to create a mysterious app dubbed “X” on Wednesday, hours after he reversed course and offered to purchase Twitter at its original price of $44 billion.

Musk has provided few details about his plans for “X” despite hinting about its development on multiple occasions within the last 12 months. The Tesla CEO’s latest comment indicates he sees Twitter’s platform as a key constructing block.

“Buying Twitter is an accelerant to creating X, the every part app,” Musk tweeted in his first public confirmation of the proposal.

Musk added that his acquisition of Twitter “probably accelerates X by 3 to five years, but I might be mistaken.”

Musk’s surprise offer to proceed with the Twitter deal got here just days before he was set to face off against the corporate’s legal team in Delaware Chancery Court. He had previously sought to back out of the $44 billion deal as a result of concerns about spam bots in Twitter’s user base.

Buying Twitter is an accelerant to creating X, the every part app

— Elon Musk (@elonmusk) October 4, 2022

Twitter probably accelerates X by 3 to five years, but I might be mistaken

— Elon Musk (@elonmusk) October 4, 2022

Probably the most recent hint about Musk’s vision for an “X” app surfaced in August, when considered one of his Twitter followers asked if he had considered creating his own social media platform.

“X.com,” Musk replied on the time.

The “X.com” domain name was previously linked to the eponymous financial services startup that Musk founded and later merged with PayPal. Musk reacquired rights to the web site in 2017.

At present, the web site’s homepage displays a single letter “x” within the top-left of a blank background, with no other links or graphics.

Elon Musk has teased his plans for an app called “X” on multiple occasions.AFP via Getty Images

In personal texts that were published as a part of legal proceedings within the Twitter case, Musk told his brother, Kimbal, that he had “an idea for a blockchain social media system that does each payments and short text messages/links like Twitter.”

“You’ve gotten to pay a tiny amount to register your message on the chain, which is able to cut out the overwhelming majority of spam and bots,” Musk added. “There isn’t a throat to choke, so free speech is guaranteed.”

Musk’s idea called for users to pay small amounts of Dogecoin to be able to post – though he acknowledged in subsequent texts that the concept for a blockchain-based version of Twitter “isn’t possible” as a result of performance requirements.

Elon MuskElon Musk desires to buy Twitter at its original $54.20 per share price.POOL/AFP via Getty Images

While Musk hasn’t elaborated on what form an “X” app will take, Bloomberg noted that he has praised the Tencent-owned social media app WeChat, which facilitates a wide range of services starting from payments to food delivery to ordering cars.

Conversely, WeChat is subject to heavy censorship in China, while Musk has touted his plans to remake Twitter as a beacon of free speech.

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