Commentary
Like WeChat in China, Musk seeks to merge Twitter’s social media app, banking, payments, and many more activities into a single source of information—and monitoring.
Twitter, as we know it, anyway, has ceased to exist.
According to a filing in California federal court on April 4, Twitter Inc. is no longer a company. It’s now part of “X Corp.” Of course, Twitter is still “just” a social media platform, at least for now, but it may soon cast a much bigger shadow over society than it already does.
Buying Twitter Wasn’t Just About Free Speech
The big news is that Musk intends to broaden and deepen his reach into every aspect and activity of our lives. As he said at a Morgan Stanley audience in March, Musk sees transforming Twitter, or X app, into “the biggest financial institution in the world.” Your new checking and interest-bearing accounts might just be held at Twitter Bank and Loan—or X Corp. Bank—which may well be as sinister as it sounds….