Tesla CEO Elon Musk is considering turning Twitter into a super app like Wechat Pay, according to Cathie Wood, founder of asset management firm Ark Invest and also known as the stock goddess.
Elon Musk is considering turning Twitter into an app like Wechat Pay, Cathie Wood said at the Web Summit Technology Conference in Lisbon, Portugal, because Elon Musk started out in the payments industry, so he thinks he’s working with Twitter co-founder Jack Dorsey, Turn Twitter into a super app.
And Elon Musk has hinted at plans to make Twitter a super application. He tweeted last month that the acquisition of Twitter was an accelerator to create the X app.
Cathie Wood believes that Twitter may be a digital wallet in the future, and users can conduct all banking, shopping and even loans on Twitter, which is also called the bank in the pocket. She also noted that Elon Musk believes in vertical integration, and Twitter would be a great example of vertical integration.
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