Elon Musk, the CEO of X (formerly known as Twitter), has stated that he sees YouTube and LinkedIn as competitors in the future. Simultaneously, he is seeking new opportunities in the video business and expanding his workforce.
During a meeting that coincided with Elon Musk’s acquisition of X/Twitter exactly one year ago, both Musk and Linda Yaccarino, the CEO of X, continued to discuss the ambitious plan of establishing a news agency called XWire. This news agency aims to compete with PR Newswire and potentially challenge the dominance of YouTube and LinkedIn. However, the specific details of this service remain somewhat unclear, as both executives have only provided minimal information.
Furthermore, internal records seen by Bloomberg indicate that both Elon and Linda have expressed the company’s growth and highlight the value of innovations on the platform, which is comparable to a decade of progress within a mere twelve months.
TLDR: Elon Musk envisions YouTube and LinkedIn as future competitors, while also working on a new video business venture and expanding his workforce. Amidst discussions surrounding the acquisition of X/Twitter, both Musk and Yaccarino have mentioned XWire, a potential news agency that aims to challenge PR Newswire, YouTube, and LinkedIn. Specific details about this service are still limited, but internal records suggest remarkable growth and technological advancements within a short span of twelve months.
Source: Bloomberg via Yahoo! Finance
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