Did you watch that video of Elon "owning that BBC reporter" just for trying to trick the audience into believing that hate speech has increased since Elon took over Twitter? In case you missed it, you can find the whole sequence
The BBC reporter is the typical journalism scum who reads the questions his masters wrote for him so that the answers fuel their biases and have nothing to do with real journalism. This guy and the way traditional media works is the main reason why I refused to be part of such an environment.
My journalism diploma is still collecting dust at the college I graduated from and will certainly add more dust to that piece of paper (crap). I don't need a diploma to do journalism on Hive, although most of my posts are "blog posts" rather than media articles. Anyway...
Let's get back to Twitter and Elon Musk, shall we? Soon after he called out the person who attempted to criticize Twitter, Elon announced one of the biggest updates for Twitter since the app went live.
one of my Leofinance posts from yesterday, I tackled the topic of Twitter becoming the "everything app" in social media, and today Elon made a big announcement.
Not only will Twitter have some features in the future that WeChat currently has, but as of today, it will also bring live trading options for stocks and crypto to all of its users. Musk claims that this will be the biggest bet in making Twitter the biggest financial institution in the world.
When Elon Musk bought Twitter exactly one year ago, the business was valued at $44 billion. According to the South African business maker and entrepreneur, the "real value of Twitter" was slashed in half in just a few months. I bet Twitter's stock will soar for the next few months after Elon's plans are implemented.
Facebook was planning to become the "everything app", but Zuckerberg's plans of achieving that through Meta and its stablecoin were prematurely aborted and did not come to fruition. Now, Twitter is about to achieve it and I like what I'm seeing.
I am not yet convinced if Elon Musk is part of the establishment or not, but I like some of the things he's doing right now. If Twitter allows all of its users to send money across borders and trade crypto and stocks directly from within the app, while also making all sorts of purchases possible through a potential Twitter wallet, then we're looking at a next-level mainstream social media app.
I know we can't compare it with Hive from a fundamental perspective, as Twitter does not function based on a decentralized blockchain mechanism like Hive does, but the updates are incremental in my opinion. Many traditional remittance services and trading institutions will go bankrupt in the years to come.
I see these moves by Twitter as a confirmation that crypto is only getting started, and for us crypto enthusiasts who are here for the long run, this is all good news. I'm curious to see how much Musk will prioritize privacy regarding the upcoming services that Twitter will offer. What do you think?
Thanks for your attention
