I think this is a good direction for twitter. He is merging Twitter into something that enables Whatsapp-like chats which still maintaining the forum-type nature of Twitter. In the end, I think it is going to look similar to Facebook, but the big difference would be free-speech and the very useful in-app payment system he has suggested.
Good luck for Elon with finding any advertisers when then this thing turns out full blown 4chan free speech mode.
And perhaps Twitter would be able to do what Meta was not and properly initiate the metaverse which is obviously the next stage of online interaction. Also noting Musk's past interest in bitcoin/dogecoin, Twitter may even become a force for Web3.
I wouldn't count on that.
Remember how tesla bought $1.5 billion worth cryptos, and told that tesla won't sell them, and you can buy from tesla with bitcoin and at the same year he suddenly says that pow is bad and tesla won't be accepting bitcoin, and soon after that they dumped 75% of it around $2 Billion worth to markets?
Like he just learned about PoW? While same time praising Doge that was PoW too.
And this year tesla sold almost rest of their cryptos, nearly $1B worth it.
Elon has said that he won't be selling his personal crypto, so i might give him a year after he announces he did.
To be honest, I never invested in Twitter before (wish I had before he bought it!!!) but if the company was publicly traded right now, I would definitely invest.
Well it would be very different company then.
But just out of interested, what do you see the target marketcap being?