
Elon Musk is investigating new ways to enhance Twitter’s revenue following his historic takeover, and his next step will be to target one of his former enterprises.
In the months following his $44 billion acquisition, Musk has significantly changed the social media powerhouse.
Twitter Payments
Despite widespread ridicule for his paid verification scheme, the Tesla billionaire has pursued his objective of transforming one of the world’s most visited websites into a one-stop shop for surfers. Twitter is now attempting to integrate payment processing services like PayPal, Google Pay, and others.
Elon Musk, one of the co-founders of PayPal, is rumored to have left the company after playing a crucial role in its conception and success.
Twitter has spent the past few months pursuing the necessary authorizations to enable money transfers between its users. This would allow users of Twitter to make and receive payments.
The ultimate goal of this development is to transform Twitter into an all-inclusive payment gateway that supports traditional bank accounts, cryptocurrencies, and other financial services.
He plans to provide customers with the opportunity to directly recompense producers by enabling users to purchase goods through the platform and pay in another direction. The system is planned to be based on fiat cash, with cryptocurrency integration possible in the future.
According to a PowerPoint presentation made to investors during the acquisition process in May and obtained by the Financial Times, Musk’s goal is to generate $1.3 billion in payments revenue for Twitter by 2028.
As with most significant company announcements, since the internet tycoon took control of the social network in late October, the move was announced through a tweet on Sunday.
Later this week, swipe right or left to move between recommended and followed tweets. The bookmark button (de facto silent like) on Tweet details rolls out a week later as part of the initial step of a far more extensive UI redesign. He said that he posted extensive tweets in early February.
Musk announced his resignation last month after conducting a Twitter poll asking if he should step down as CEO. Approximately 17.5 million individuals voted, and 57.5% favored Musk’s resignation.
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Elon Musk Trial

He stated that he would leave as soon as a foolhardy replacement could be found and that his new role within the company would be to oversee the software and server teams.
One month ago, French businessman Bernard Arnault dethroned Musk as the world’s wealthiest individual.
Currently, Musk is on trial in a federal court in San Francisco for alleged fraud resulting from a 2018 tweet in which he falsely claimed to have the funds to take Tesla private.
Before his unprecedented charge against Wall Street, Mr. Musk stated that Tesla was facing difficulties at the time of the 2018 tweet.
He said a pack of Wall Street sharks urgently desired Tesla’s demise.
Later in the trial, he will be questioned on why he claimed to have the support of a Saudi investor to take his EV-maker private, despite this never happening, and whether he made a materially misleading statement with the tweet.
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