Elon Musk is a moving target – and good luck trying to catch him. When the mainstream media said that he was going to lose $75 million on ad money, I commented that it was a pure lack of awareness from those pundits. Yes, Musk is not building X (Twitter) for advertising, but pursuing a clear fintechnolization playbook.
As I posited, fintechnolization is about digital platforms offering fintech or broad financial services on their platforms, even if they did not begin their journeys in fintech. My point is that every digital platform is destined at maturity to fintechnolize!
Every great digital platform has a stable state of offering a financial solution. I called that fintechnolization: “a construct that every digital platform must have a maturity state of offering a fintech solution. I had watched all great digital platforms on how they ended up providing fintech solutions even when they began in an unrelated sector.”
Today, X has provided clarity on its path: “In a strategic expansion of its business model, X formerly Twitter Inc has successfully acquired money transmitter licenses in half of the United States. This move signifies a major shift in the company’s operations, positioning it as a formidable player in the financial services industry.”
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X is going to be fine because there is no digital service that offers political commentaries better than X. Post anything academic, technology, etc, good luck getting someone to notice it. But post something political, you will trigger a wave. So, in the social media space, X has won the political category.
Interestingly, that category covers every aspect of commerce and industry, because Political Economy is the most important element in business since politics drives nations! With that, X will continue to have people!
Elon Musk is a moving target – and good luck trying to catch him. When the mainstream media said that he was going to lose $75 million on ad money, I commented that it was a pure lack of awareness from those pundits. Yes, Musk is not building X (Twitter) for advertising, but… pic.twitter.com/dQrmdarAGv
— Ndubuisi Ekekwe (@ndekekwe) April 24, 2024
X (Twitter) has Acquired Money Transmitter Licenses in Half the US States
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