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Elon Musk tells X staff new products will challenge YouTube, LinkedIn

Economic Times

Economic Times · 1y ago

Elon Musk tells X staff new products will challenge YouTube, LinkedIn

During an all-company meeting, the executives of X (formerly known as Twitter) mentioned that they see YouTube and LinkedIn as future competitors. Elon Musk and CEO Linda Yaccarino also discussed their ambitions to create a news wire service called XWire. This meeting marked the first time both Musk and Yaccarino addressed the entire company together. Musk has been focused on overhauling the product and introducing premium subscriptions, while Yaccarino has been building relationships with advertisers. The executives also mentioned X's payments ambitions and their plans for creating competitors to YouTube, LinkedIn, and PR Newswire.

Related News

Will make sure that X competitor to LinkedIn is cool: Elon Musk

Economic Times

Economic Times · 2y ago

Will make sure that X competitor to LinkedIn is cool: Elon Musk

Elon Musk expressed his intent to make sure that his new social media platform "X" (formerly Twitter) will provide a cool alternative to Microsoft-owned LinkedIn. X is gearing up to compete with LinkedIn by offering a job search feature, allowing verified organizations to feature job listings on their profiles. Musk responded to a user's comment about LinkedIn's shortcomings, stating that the X competitor to LinkedIn will be cool. The move is seen as a step toward making X an all-encompassing app beyond just social networking.

Elon Musk’s X launches Beta roll out of X TV app: All you need to know | Mint

Livemint

Livemint · 11m ago

Elon Musk’s X launches Beta roll out of X TV app: All you need to know | Mint

Tech billionaire Elon Musk has announced the beta roll out of the X TV app, aiming to transform X into a video-first platform. The app is currently available on Android TVs and will soon be accessible on Amazon Fire TV, Google TV, and LG. Musk's X TV app is anticipated to challenge popular video-sharing platform YouTube, with strategic alliances being forged with influential figures in the industry. This move marks a significant leap forward, providing new opportunities for creators, advertisers, and partners on the X platform.

I'll make X the centre of people's financial lives: Elon Musk tells staff

Economic Times

Economic Times · 1y ago

I'll make X the centre of people's financial lives: Elon Musk tells staff

Elon Musk, CEO of Tesla and SpaceX, has stated in an internal email to staff that he aims to make "X" the center of people's financial lives. The email comes after the announcement of a partnership between Tesla and CME Group to offer futures contracts based on Musk's tweets. Musk's vision, however, remains unclear as he did not provide further details on what "X" signifies.

Elon Musk tests new video game streaming feature on X, netizens react

Livemint

Livemint · 1y ago

Elon Musk tests new video game streaming feature on X, netizens react

Elon Musk's social media platform X, formerly known as Twitter, has introduced a new video game streaming feature. This move puts X in direct competition with popular platforms like Twitch and YouTube. Musk himself live-streamed his gameplay of Diablo IV, with mixed results and some technical issues. Despite the challenges, Musk plans to continue testing the video game streaming feature on X.

Elon Musk's X gears up to launch long-form videos on smart TVs

Livemint

Livemint · 1y ago

Elon Musk's X gears up to launch long-form videos on smart TVs

Elon Musk has revealed that long-form videos will soon be available on smart TVs through his social network X. This comes after reports that X is set to launch a TV app for Amazon and Samsung users. Musk confirmed the news on Twitter, hinting at his ambition to compete with popular video-sharing platform YouTube. X has also introduced a new feature called "Articles," allowing users to share comprehensive content on the platform, including text, images, videos, and links. The platform aims to establish itself as a "video-first platform" and has been forming partnerships with prominent figures in the media industry.

Elon Musk's X is seeing an exodus of ad dollars — and LinkedIn is picking up some of that revenue

Business Insider

Business Insider · 1y ago

Elon Musk's X is seeing an exodus of ad dollars — and LinkedIn is picking up some of that revenue

LinkedIn is experiencing an increase in demand for digital advertising as brands move away from Elon Musk's platform, X. This surge in demand has allowed LinkedIn to increase their ad prices by as much as 30%, with a 10% jump in US ad revenue from 2022 to 2023. Meanwhile, X is facing a mass exodus of advertisers due to concerns over pro-Nazi posts and antisemitic comments made by Musk. Despite this, both LinkedIn and X remain smaller players in the digital advertising space compared to giants like Google and Meta.

EU's tech commissioner turns to X rival Bluesky in disinformation duel with Elon Musk

Economic Times

Economic Times · 1y ago

EU's tech commissioner turns to X rival Bluesky in disinformation duel with Elon Musk

The EU's Commissioner for Industry and the Digital Economy, Thierry Breton, has joined the rival platform Bluesky in a move to challenge Elon Musk and his platform, X. Breton accuses X of spreading illegal content and disinformation related to the conflict between Israel and Hamas and warns that X is now held accountable under the new EU law, the Digital Services Act (DSA). The move further intensifies the duel between Breton and Musk over disinformation on social media platforms.

Elon Musk says X's long-form videos will soon be available on smart TVs

Economic Times

Economic Times · 1y ago

Elon Musk says X's long-form videos will soon be available on smart TVs

Billionaire Elon Musk announced that long-form videos will soon be available on smart televisions through his social network platform, X. The platform is set to launch a TV app for Amazon and Samsung users, offering features such as video and audio calling. Musk aims to compete with YouTube by providing a video-first platform. X has been partnering with influential personalities such as Tucker Carlson and Don Lemon to boost its advertiser retention. The move comes as X tries to regain credibility after facing controversies since Musk acquired it in 2022.

Data will show efforts to fight hate: X CEO Linda Yaccarino tells staff as advertisers flee

Economic Times

Economic Times · 1y ago

Data will show efforts to fight hate: X CEO Linda Yaccarino tells staff as advertisers flee

CEO of social media company X, Linda Yaccarino, assured employees that data will reveal the truth about their efforts to combat antisemitism amidst backlash from several major advertisers. X, previously known as Twitter, faced criticism after owner Elon Musk agreed with a post wrongly accusing Jewish people of inciting hatred. Major brands' ads were found next to pro-Nazi posts, revealed by media watchdog group Media Matters. Musk announced plans to file a lawsuit against Media Matters, who confirmed the accuracy of their reporting. The incident highlights the growing problem of antisemitism globally.

Some X users are convinced Elon Musk rigged the results of a MrBeast ad experiment where he earned $250,000

Business Insider

Business Insider · 1y ago

Some X users are convinced Elon Musk rigged the results of a MrBeast ad experiment where he earned $250,000

YouTube star MrBeast conducted an experiment to test the ad revenue generated by one of his videos on X. After three days, he claimed that the video earned $250,000. However, some X users believe that Elon Musk rigged the results to inflate his earnings. MrBeast has been critical of X's monetization strategy, while Musk has been trying to revamp the platform's ads-revenue-sharing program. Speculations arose due to previous reports of declining advertising revenue on X. Despite Musk denying any manipulation, users pointed out labeled ads appearing on MrBeast's X post.

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