Latest / Elon Musk Podcast / New Details about the future of X - Formerly Twitter

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New Details about the future of X - Formerly Twitter · Elon Musk Podcast

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  Hi everybody and welcome back to the show.
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  Today, we're going to be talking about the steps that Elon Musk
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  is taking with a social media platform, X.
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  Now Musk aims to turn X into a multifaceted app akin to China's
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  WeChat, where users can do basically everything from bank
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  transactions to job hunting, from live streaming to shopping
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  and even dating. All of these developments were
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  revealed in a recent company meeting, throwing light on
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  Musk's expansive vision for the future of the platform.
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  But before we dive into this web of updates, let's break down the
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  story into more digestible parts now.
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  Part one is the evolution of Twitter beyond messaging, or X,
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  if you want to call it that. Musk wants X to transcend its
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  identity as merely a messaging app.
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  No more tweets. During a recent meeting, he
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  shared that the platform will soon offer a variety of features
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  that allow users to perform an array of activities without
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  needing to switch to other platforms or applications.
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  He underscored the need for a single platform that can
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  accommodate numerous daily tasks, and since its inception,
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  X has incorporated several changes in its features and
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  functionalities. Now the updates from the last
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  few months reveal A trajectory toward becoming a one stop shop
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  for social interactions. Recently, the platform
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  introduced audio and video Calling Features, signaling its
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  ambitious role to dominate the social media sector in the
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  streaming media sector as well. Now the platform has also
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  improved its video streaming capabilities.
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  Users can now benefit from an enhanced user interface
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  featuring vertical scrolling, long video uploads and a more
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  refined algorithm. All these elements have
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  collectively contributed to making the platform increasingly
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  versatile. A Musk emphasized that these
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  updates are part of an ongoing process, and over time, users
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  can expect the platform to continuously adapt and offer new
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  functionalities, and these updates will roll out in phases
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  as mentioned in various reports from around the Twittersphere.
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  Now, the company meeting also touched on X's role in
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  supporting content creators like myself.
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  And according to Musk, the platform has paid out over $20
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  million to Creator since the middle of the current year.
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  And the number of creators participating in the platform
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  has also seen a substantial uptick In the context of
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  advertising must discuss revenue sharing schemes that have
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  positively impacted many creators.
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  The platform's progressive strategies are designed to
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  attract a growing community of talented individuals, and as the
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  number of creators expands, Musk anticipates that the payout
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  figure will also rise considerably.
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  Moreover, the revenue share from ads has become a game changer
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  for many creators. With such financial incentives,
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  X is set to become an increasingly attractive
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  destination for content creators.
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  Now, another significant revelation was the introduction
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  of X hiring, a feature designed to compete directly with
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  LinkedIn. Companies will be able to post
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  job listings, collect resumes, and update candidates on their
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  application status. And Musk expressed his own
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  history of recruiting on the platform and how X hiring will
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  be an ideal space for both employers and job seekers.
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  Through the feature, X aims to transform into a professional
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  networking platform, Musk highlighted the platform's
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  potential to become a hub for talent acquisition and job
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  placement. And with X hiring, the company
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  has set its sights on revolutionizing how individuals
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  search for jobs and how companies find the right talent.
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  And live video streaming is another feature that Musk plans
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  to integrate into the platform. He believes that live video
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  could be particularly useful for various public events, including
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  sports and political activities and things like Spacex's rocket
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  launches of the new Starship that should be launching in a
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  few months now. And rather than relying on
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  traditional media outlets, users will be able to watch live
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  streams directly from the scene. And in addition, Musk hinted at
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  a dating feature called X Dating.
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  While the specifics are still under wraps, it's clear that X
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  aims to become a platform where people can forge connections of
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  all kinds, including romantic ones, and this proposed
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  functionality reflects Musk's ambition to make X an
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  all-encompassing platform for social engagement.
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  And during this meeting, Musk also floated the idea of
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  converting X into a subscription service, costing just $1.00 per
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  year. This proposed change aims to
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  combat the problem of AI bots manipulating the platform, and
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  Musk defended the affordability of the subscription, calculating
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  it down to mere cents per day. Finally, the company also has
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  plans to introduce X Wire, a news distribution service that
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  could challenge established platforms like PR Newswire.
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  Musk sees this as a logical step considering the platform's
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  extensive reach and the user engagement of X.
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  Also, don't forget about XS platform for banking.
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  We're not sure what that is going to be about in the future.
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  Is it going to be all digital? Is going to be crypto?
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  Will you be able to get a debit card or a credit card through X?
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  That wasn't mentioned in this call, so we'll keep you up to
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  date with that as soon as we hear something.
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  And I hope you found this in episode insightful.
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  And if you did, don't forget to hit the subscribe or the follow
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  button on your preferred podcast platform.
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  Our episodes are designed to be 10 minutes or less and easy.
• 5:22
  Way to stay updated quickly. Now if you want to help us out
• 5:25
  even more, you can go to patreon.com/stage Zero and help
• 5:29
  contribute to the funding of our future episodes.
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  Thank you so much. Take care of yourselves and each
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  other, and I'll see you in the next one.