Elon Musk shares optimistic outlook for X: $1T market cap "not out of the question"
Elon Musk believes that X, formerly Twitter, could eventually reach a market cap of $1 trillion, expressing optimism about its future valuation.
Topics
Posted 8/23/2023, 2:27:48 PM
teslarati.com
Relevant topic timeline:
Main topic: X (formerly known as Twitter) throttling traffic to websites disliked by Elon Musk.
Key points:
1. X slowed down access to websites including The New York Times, Instagram, Facebook, Bluesky, Threads, Reuters, and Substack.
2. These websites have been publicly attacked by Musk in the past.
3. The delays potentially affected the traffic and ad revenue of these companies.
Hint on Elon Musk: Musk has previously blocked links to competitors, called the New York Times "propaganda," and took away their verification check mark. He has also feuded with Mark Zuckerberg and threatened a cage fight.
Main topic: Elon Musk-owned social network X (formerly Twitter) has made TweetDeck a subscriber-only product.
Key points:
1. TweetDeck, previously a free tool, is now only accessible to subscribers of X Pro.
2. This move affects social media managers, journalists, and power users who relied on TweetDeck for tracking lists and trends on Twitter/X.
3. Under Musk's ownership, X has introduced various subscription offerings, including verification marks, longer text and video posts, fewer ads, encryption in DMs, and ad revenue sharing.
Hint on Elon Musk: Elon Musk is the owner of social network X (formerly Twitter) and has implemented changes such as making TweetDeck a subscriber-only product and introducing various subscription offerings.
Main topic: Updates and developments in the digital asset space, including bitcoin spot ETFs and fundraising news.
Key points:
1. Bitcoin spot ETFs are gaining attention, with Europe's first bitcoin spot ETF being listed and the U.S. SEC delaying deadlines for applications.
2. Fundraising news includes BitGo raising $100 million, ZetaChain raising $27 million, ZTX raising $13 million, Dinari raising $7.5 million, and HypeLab raising $4 million.
3. Other articles of interest cover the strong tech jobs market, the potential of the creator economy, the recovery of the pre-seed market, and the need for alignment of product-market fit metrics with company values.
Hint on Elon Musk: The article does not mention Elon Musk.
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Elon Musk, known for his leadership at Tesla and SpaceX, has a relentless drive for intensity and risk-taking, leading him to acquire Twitter and run multiple companies simultaneously.
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Apple CEO Tim Cook is considering whether to continue advertising on the platform X, formerly known as Twitter, due to accusations of antisemitism against its owner Elon Musk, with Cook stating that there is no place for such promotion.
Elon Musk is considering turning the social network, formerly known as Twitter, into a subscription-based platform in order to eliminate bots and address financial issues.
Elon Musk hinted at the possibility of introducing a small monthly fee for using his company X, formerly Twitter, in an effort to combat the presence of bots on the platform, although no further details were provided.
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