Elon Musk reveals: This is why he wants to buy Twitter   

The tycoon’s ambitious plan

A few hours ago we had another dramatic development regarding the acquisition of Twitter by the world’s richest man, Elon Musk , who finally revealed that he will proceed with the colossal acquisition for $54.20 per share as originally planned . Now, the tycoon CEO of Tesla and SpaceX has broken his silence, speaking publicly about why he made this decision.

Going into details, through his highly active account on the platform, Musk stated that he is “buying Twitter as something that will accelerate the creation of X, the application for everything” . His post follows below and contains no further information.

What is Elon Musk’s ‘X’ app?

Going by his past statements , Musk aspires to make Twitter more useful by adding more features . The source of inspiration seems to be China’s WeChat from Tencent, which started as a messaging app but evolved into a regular mini-internet.

In particular, hundreds of millions of users from China use WeChat on a daily basis not only as a social network, but also as an application where they can book a store, call a taxi or order food . This is done through a series of mini applications that are directly connected to the main interface of WeChat.

At the same time, WeChat is also a giant in the field of payments and transactions . It is China’s most popular fintech app, allowing users to send money to each other, pay for goods or services, and even borrow money.

WeChat has evolved into a regular super-app as it has both news and entertainment sections , breaking out of social media and combining almost anything one might want to do digitally.

If we take into account Musk’s new comment and his statements from the past, perhaps the future of Twitter holds some similar development