Tesla CEO Elon Musk may want to use wechat as a template to transform twitter On May 16 local time, musk responded to the question about the acquisition of twitter when attending a podcast summit, and praised the wechat model
Musk praised wechat
When the host asked whether he would add a payment function to twitter after the acquisition, musk replied, "if you are in China, you basically have to rely on wechat for life. Wechat has powerful functions, which are similar to Twitter and paypal payment, plus other functions. These functions are integrated. The interface is also great, which is really a good app."
Musk said, "there is no application like wechat outside China. I think such an application is very useful, and it doesn't have spam. You can comment and post videos on wechat, and you can get a share of revenue when creating content.
Musk said that these functions do not have to be completed by twitter, and a new product can be re created. However, there must be such an application. This application is a digital city square for people to discuss their views, which can win people's maximum trust. It can also introduce payment methods such as cryptocurrency or legal tender.
He stressed that the focus is not to make twitter such an all inclusive application, but to have such a very useful and popular product. "Either transform twitter or create it from scratch, but you have to change anyway."
Interestingly, when the host asked musk whether he was willing to buy and transform twitter at the current high price of $44 billion or to create his own version from scratch, musk replied, "of course, my default tendency is to start from scratch. I don't often buy things."
At the summit, musk still showed his usual "dislike" of twitter. He revealed that it was "not impossible" for him to buy twitter at a lower price, and mentioned that the number of false twitter accounts accounted for less than 5% was incredible. He estimated that at least 20% of Twitter's 229 million accounts were spam robots.
In the past week, musk has been publicly questioning the false account proportion data previously disclosed by twitter. According to Twitter's performance report, Twitter's false accounts account for less than 5% of the total number of users.
Compared with the swing of buyers, twitter showed a more determined attitude. On May 17 local time, twitter announced that it had submitted a preliminary entrustment statement on Musk's acquisition of Twitter to the securities and Exchange Commission (SEC), and said it would be committed to completing the transaction with musk at the agreed price as soon as possible.