On October 27 last year, tech billionaire Elon Musk made an interesting acquisition. He spent $44 billion to purchase the microblogging platform Twitter for $44 billion with a vision of turning it into an “everything app.”
A year later, BeInCrypto examines the transformative changes, including the rebranding and other alterations initiated by the billionaire within the platform.
Rebranding and Fee Introduction
Musk made a major alteration to Twitter by implementing a subscription model and rebranding the platform as ‘X.’ This decision triggered varied responses from crypto users, who can now generate income through their posts on the platform.
Before Musk acquired the platform, the cryptocurrency community speculated that the billionaire would integrate a native crypto token into the social media platform.
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However, Musk has quashed any possibility that the site will launch any cryptocurrency token, saying X will “never” develop a token.
The ‘Everything App’ Dream
Despite killing the dream of a token launch, Musk remains focused on making X the Everything App. According to Musk, the app will soon be integrated to include comprehensive financial services.
CEO Linda Yaccarino also de
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Author: Oluwapelumi Adejumo
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