Elon Musk buys Twitter again and announces an X application.
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(Pocket-lint) – After claiming the platform was lying about the number of bots that make up its user base, and after months of fighting to end the deal, everything seems to be moving forward after all.
On Monday, Elon Musk filed a letter with the SEC confirming his intention to proceed with the deal under the terms originally agreed.
It happened just days before Musk was due in court, in a case seeking to void the deal.
The news also follows a public leak of texts from Musk between his associates, including former Twitter CEO Jack Dorsey.
These posts brought to light many unheard opinions of Musk, such as his disdain for the Twitter Blue subscription service.
Mr. Musk appears to have ambitious goals for the platform and a new app, if his recent tweet is to be believed.
purchase of Twitter is an accelerator for the creation of X, the universal application –
Elon Musk (@elonmusk) October 4, 2022
There’s not much to take away from this tweet alone, but Musk has previously spoken about making Twitter more useful and has made no secret of his admiration for platforms like WeChat.
The name “X” was used for Musk’s financial services company, which was founded in 1999 and which, after a merger, eventually became PayPal.
“I kind of have a bigger picture of what I might have been X.com or X Corporation at the time,” Musk said at a shareholder meeting in August.
“I think Twitter would speed that up three to five years,” he continued.
What this means for the future of the Twitter platform is unclear, but shareholders, at least, are optimistic, with prices rising since the news broke.
Written by Luke Baker.