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Musk: as many people predict, X (Twitter) may fail

2025-02-25 Update From: SLTechnology News&Howtos shulou NAV: SLTechnology News&Howtos > IT Information >

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Shulou(Shulou.com)11/24 Report--

CTOnews.com, August 21 (Xinhua)-- billionaire Musk posted a message on the X platform on the 20th of this month suggesting that the social networking platform X (formerly Twitter) he acquired for $44 billion (CTOnews.com Note: currently about 321.64 billion yuan) may fail. "the sad truth is that there is no great 'social network' right now," he said. we may fail, as many people predict, but we will try to have at least one. "

Platform X, formerly known as Twitter, was renamed after it was acquired by Musk. Musk is trying to turn it into a "super app" and clear the robot account on the platform. However, these efforts do not seem to have worked. Mashable found that about 42% of Musk's fans on X have no fans of their own, meaning they may be robots.

Musk was also criticized this week for announcing the removal of blocking features on the X platform, and Monica Lewinsky, an anti-bullying activist and harassment victim, urged him and the X platform CEO Linda Yakarino to "reconsider" the move. She wrote on the X platform: "@ elonmusk + @ lindayaX... please reconsider unblocking the feature. As an anti-bullying activist (and a victim of harassment), I can assure you that this is a key tool to keep people safe online."

In May, Fidelity Investment Group (Fidelity) wrote down the value of its stake in the company then called Twitter, valuing it at $15 billion (currently about 109.65 billion yuan), well below the price Mr Musk paid at the time, according to the Wall Street Journal.

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