The world’s richest person, Elon Musk, is thinking about creating an "everything app”. However, what does that mean? The question arose on Tuesday after Musk reversed course on his earlier decision not to buy the social media giant, Twitter.
Tesla's CEO is now willing to proceed with his original plan to buy Twitter for $44 billion. He wrote on Twitter, "Buying Twitter is an accelerant to creating X, the everything app." Musk didn’t provide many details about the app beyond a one-line tweet. Since then, people have started thinking about the app.
The concept of an everything app often referred to as a "super app" is very popular in Asian countries, especially China. ‘Everything app’ has been described as the Swiss army knife of mobile apps by tech companies. The ‘Everything app’ aims to offer a wide range of services for users like messaging, video chat, social networking, peer-to-peer payments, and e-commerce shopping.
Does Elon Musk want to create an “Everything app”?
During a question-and-answer (Q&A) session with Twitter employees in June 2022, Musk said that there is no equivalent to an ‘Everything app’ like WeChat outside of Asia. Chinese super app WeChat has more than 1 billion monthly users. With the help of this app, users can hail a car or taxi, send money to friends and family and make payments at stores.
Musk said during the Q&A session, "You live on WeChat in China.” He further said that he saw an opportunity to create such an app.
Another example of an “Everything app” can be Grab, a leading super app across Southeast Asia. The app offers food delivery, ride-hailing, on-demand package delivery, financial services, and investing.
Musk has said that he'll buy Twitter, just weeks before the trial is scheduled to begin. Recently, he said that he will go ahead with the original deal to buy the social media giant for $44 billion.
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