Elon Musk's Twitter Acquisition Continues Likely to Build New Social Media Platform

Behind Twitter's acquisition, Elon Musk has other plans. (photo: doc. voi)

JAKARTA – The richest person in the world today, Elon Musk, again proposes to continue his initial bid to acquire Twitter Inc., worth 44 billion. The statement was made on Tuesday, October 4 while calling for an end to a lawsuit by the social media company that could force him to pay $1 billion if he loses.

Musk, CEO of Tesla Inc, had planned to take over the social media company in April, but he canceled it last July. But Tuesday night he tweeted that buying Twitter would accelerate his ambition to make "all apps" called X.

Buying Twitter is an accelerant to creating X, the everything app

— Elon Musk (@elonmusk) October 4, 2022

Musk said Tuesday, October 4 that buying Twitter Inc was "an acceleration to build X, the so-called everything app".

"Twitter might speed up X 3 to 5 years, but I could be wrong," he said in another tweet.

While Musk hasn't disclosed his plans for Twitter, he said the service could put a strain on business and government users.

He made a suggestion to Twitter staff in June about creating a "super app" or marketplace for apps and features like WeChat, which is popular in China. Musk has also said he wants to create a money transfer feature.

This plan is very likely he executed after buying Twitter. Of course, it is very interesting to wait, especially this crazy idea from the owner of SpaceX to color the social media universe more in the next few years.