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> The world’s richest man said Twitter would make money from content creators and delve deeper into video, business segments that TikTok has mastered. He discus
by karmakaze 4y ago
> The world’s richest man said Twitter would make money from content creators and delve deeper into video, business segments that TikTok has mastered. He discussed a vision for Twitter to process payments, complete with connected debit cards and bank accounts, which echoed PayPal, the digital payments company he helped found. Mr. Musk has said that he ultimately hopes to transform Twitter into an “everything app” modeled after WeChat, a Chinese social media platform that is used by more than a billion people to find news, hail cabs and order food.
I had tentatively believed (or at least hoped) that Twitter could be a public town square[0] rather than social media echo chambers. So which is the truth. I can't see how being TikTok+WeChat is compatible.
[0] https://talbotspy.org/twitter-is-no-piazza-by-craig-fuller https://talbotspy.org/twitter-is-no-piazza-by-craig-fuller
- insane_dreamer 4y agothe problem is there isn't any good way to monetize a public town square (at least not monetize to the degree will make $Bs); if Jack had kept Twitter private and ran it like Craigslist -> profitable but with revenues in the 100s of Ms instead of Bs, it might have worked. Now it's private again, but with $Bs in leveraged debt it has to become a cash cow :/