Elon Musk’s grandiose plans for X, the social network formerly known as Twitter, have spilled over into the dating realm, according to a report from Business Insider.
He cites two resources that were provided on a video call to mark the one-year anniversary of Musk’s $44 billion acquisition of the social media platform.
The stated goal of the call is to take a look at all the changes Musk has made to the platform over the past year and build excitement for 2024.
“Musk didn’t detail how exactly X would become a dating app, whether users would request such features, or what other tweaks would be made to the product to create one,” one attendee said. However, the concept is in line with Musk’s push to offer paid features, as most dating apps today are a form of subscription service,” Business Insider reported.
In addition to the dating feature, Musk told workers that X would also function as a virtual bank, the sources reported. The banking concept is rarely very new, and the Wall Street Journal reported in April that it was part of its plan to turn X into a $250 billion company.
“It needs other people to pay for everything,” a source told Insider, adding that building X to present itself as a bank “doesn’t seem to be what users want. “
Bloomberg’s Dave Lee reported last month that Musk was looking to rate “everyone” who used X. Users who recently signed up in New Zealand and the Philippines have already paid $1 a year to use the platform, according to a source.
“X is still in the process of getting the proper licenses in the U. S. states. “We use the U. S. to offer any type of banking or cash transfer services. So far, the platform has obtained licenses in nine states, at most recently in Iowa and Mississippi, according to an online newspaper. ” says the Business Insider report.
Forbes estimated that X would generate $1 billion less in ad revenue than last year due to “brand protection issues, confusing policies, and flawed technology. “
Business Insider said a spokesperson for X responded to their request for comment.
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