Elon's failed attempt to build a "Super App"
ฝัง
- เผยแพร่เมื่อ 28 ก.ย. 2024
- Get Nebula using my link for 40% off an annual subscription (sponsored): go.nebula.tv/t...
Then check out Red Atoms: nebula.tv/reda...
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
►►► This video ◄◄◄
Elon Musk said he wants to turn X (formerly Twitter) into a WeChat clone - a super-app, or everything app for the West that he claims could revolutionize payments and could take over half the world's financial system. I think this will be super hard.
The Story Behind series
This video on Nebula: nebula.tv/vide...
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
►►► TechAltar links ◄◄◄
Merch:
enthusiast.store
Social media:
/ techaltar
/ techaltar
/ techaltar
/ discord
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
►►► Attributions & Sources ◄◄◄
Channel Music by Edemski: / edemski
Other music by Epidemic Sound: epidemicsound.c...
Get Nebula using my link for 40% off an annual subscription (sponsored): go.nebula.tv/techaltar
Then check out Red Atoms: nebula.tv/redatoms?ref=tfc
As a Chinese myself, been using WeChat since 2012 . It's just a chat app.
Other apps are not WeChat .
They are third-party apps that can be accessed inside WeChat but they're not WeChat
It makes sense, Musk has experience in a Google Maps like app and payment Systems like PayPal. He just bought twitter for the brand and the userbase and the fact that there was no real competition for twitter (no where to run) because twitter was so unprofitable.
Elon dreaming and ignoring the reality and people believe in him.
And then watch the latest WSJ investigations and videos about the car crash when the famous autopilot fsd crashed into a standing police car on the highway with a sleeping driver.
Tesla rejects any further informations while the videos and anlysis showed how crazy stupid Elons idea is in 2023 announced to be operational in 2020.
And this will not be the last incident and situation his AI is stupid based on human judgement cause a human, that is not drunk or sleeping, would have instantly stopped if he sees a flashing police car. What else do you need to raise the attention - unless you are Elons AI and drive like a drunk into the police car injuring 5 who are now going to court.
Strange , that victims of Elons crap have to go to court and his famous Tesla brand is not going forward to excuse for all the hurts caused by tesla.
Of cause not, tesla is innoncent if things go wrong, it was the drivers fault. Really, in a world of AI learning the whole Tesla fleet has seen a standing and flashing police car for the very first time ?
Then it might be time to stop such adventures on publich roads and stop the whole Tesla autopilot due to missing abilities and proofs that it is not ripe or ready for public streats.
They do not pay, they do not take care, they take foreigners life as their commodity, can even kill others and will blame the car owner.
He is a constant lier, he has gotten beaten by the tiny car manufacturer he had laughed about that this would not be a competition in 2014 even though Warren Buffet had invested 800 million $. Now BYD is market leader in the world and making even more profits and has a higher growth rate than Elons Teslas. At least BYD is honest and is not talking about autopilot or fsd, but features they have implemented and that are working.
Twitter is dead since Elon arrived and now with the lower advertiser revenues he has to find new ways to raise the value of the company which otherwise would be dead.
Now X becomes a warehous, from everything a bit to make profits without ad growth needed instead of being the expert of 135 letters like in the past.
If 40 million users each get 3 friends to join, that's 160 million users 😁
With the blocking of news on Facebook and Google in Canada in response to federal legislation, might this not be an opportunity for Musk and X to embrace the Canadian model and make a buck off of it? Twitter is already a platform people use for sharing news articles and engaging other users regarding the topic of the shared articles. People don't want to dish out multiple tens of dollars for news subscription but X could act like a cable company offering a package to be accessed through its platform with articles being shared with other users and discussion started within the platform.
You can have a super app work nicely in a single very large country, but a super app in the west would have to take into account the different services, providers etc in each country. This would make it very complex and probably unusable in many countries. Nobody would bother.
I think innovators changes I'll entire heads around technology and what's possible. Who would've thought we would have mobile computers in the size of I'll palm while connected to the interwebs.
@@riverjustice not every country tolerates monopolies. wechat only works because it's de facto owned by the chinese government.
With the right API and enough incentive like a marketplace for services with comission you could thrust the use. Why bother with paypal when you have Credit Cards ?
Exactly. It may work in the US like how iMessage dominates but it doesn't anywhere else.
@@riverjustice Even if that's true, Elon Musk isn't an innovator he's a loser.
A super-app sounds like a massive privacy nightmare. We already have plenty of those, thanks.
These super apps seem like a way to keep an eye on everyone easier
Yeah but honestly for the user its super convinient.
@@MiniKodjoYeah everyone uses either apple or Google accounts, and we all know Google listens to your microphone, tracks you, sells your into, they do all that without being a convenient super app lmao
Every feature is a new point of vulnerability and it's the CEOs not the code monkeys pushing these lifestyle apps for a reason.
I LOVE the idea, I HATE the implementation. The most famous superapps I know are WeChat and Weibo, both of which are fruit of China's intranet. On purpose or not, they are THE most important tools used by the CCP.
The fact that the few times a "superapp" tried to get here were by the hands of questionable companies or people (Mark, Elon and Jeff), I know very well about their intentions: information monopoly!
It kinda hurts that standing in the autism spectrum means that unifying things in a single site/app helps management a lot, but I'd rather deal with it than risk massive breeches in privacy LMAO
One of the main issues here is that the userbase of Twitter is just abysmal compared to those super apps. Wechat already was running on literally everybody's phone when they added these features, while Twitter barely has active users, it's just a 'shouty app' for a marginally small amount of people worldwide. The value here was that there were verified users (famous people, organisations, even govt offices) who could post updates in real time and publicly. Now this is basically collapsing with the new and broken blue system, so all that is left is a shouty app for a few angry users, and i for one definitely would not want to do any financial stuff on such a platform.
I always saw Twitter as a stock app. It's value was 100% in it's name.
I laughed my ass off when Elon changed it's value to nothing just by changing the name.
Yeah, Twitter is tiny. Its user count is barely larger than Pinterest. Yet to the people who live on it like Elon, it's their entire world. I guess that's why he decided to forgo doing due diligence before signing the papers to buy the company.
Nepo babies are in constant fear of being found out to be the frauds that they are. Elon is no exception, and we all see it.
we chat was installed on those phones by government demand / law / policy
its not "popular"....its forced
that's not true, wechat was a very popular chat app in the early '10s already, much like imessage in the US, if you didn't have it, you missed out on social life with friends@@kazzxtrismus
It's already lost. The first thing a payments app needs is to be trusted, and his bad calls have destroyed all the trust people had on Twitter. It won't get anywhere.
Anyone who ever trusted twitter is a twit. Elon has improved some of it, but he's like polishing a turd.
(And changing the name to Z was the worst marketing of all time. Proper nouns cannot only be one letter.)
so true
Twitter is the app most trusted by Nazis and there are a lot of those. If Musk made Nazipay it would be very successful.
Within the first couple months of him buying the site, I unlinked my Twitter from everything else I cared about because of security concerns caused by his firing everybody with any competence.
He also just has a long history of lies and broken promises. He's been saying Tesla's full self driving has been "ready" for how many years now? And it's pretty evident that Tesla is actually at the back of the pack for that tech.
@@WobblyBits_X Name one specific example of a "security concern" that was caused by Elon firing all the corrupt woketard losers, or "everybody with any competence" as you dishonestly mis-label them.
Elon has his faults, but firing all the vile toxic idealogues from Twitter was not one of them. It would be better to have no internet at all than the pre-Elon twitter. You're just angry that the Twitter "fact-checkers" are no longer corrupt enough to promote your most extreme far-left position every single time.
I kind of think the reason modern apps are so successful is because they do one thing. The early internet in the West has websites that tried to do everything at the time but didn’t do tasks well.
Facebook is a terrible thing to use because it tries to be a messenger, a social media site, a video platform, a shopping site, a transfer app and whatever else it is. The Super app only work in china because the government can just make people use it and they have no choice
I absolutely hate the "one app, one function" thing. Now instead of going to a website, I have to download each service's app? Each airline, shop, utility, restaurant, messaging service all have different apps I have to download and setup each time? Recently I paid for an online purchase through Shop, and it told me I had to download their app to track my shipment? Mate, all I want is the UPS tracking code. Waste of time and space.
10 apps doing each their thing is very different from 10 apps being integrated into one system. The integration into one system has potential to increase the quality and quantity of use cases like exponentially. That's why you can do things with Chinese super apps that you can't even dream of doing with 1000 separate apps on your phone. Anyway, the conditions for building super apps in the West are not the same as in China. The super app is actually not just the software or some server farms behind it. The super app is actually the whole infrastructure behind it, that has to work seamlessly together. Infrastructure such as rails, roads, smart cities, highspeed mobile networks everywhere, a vibrant economy with small and big services everywhere, cybersecurity, institutions for users to file complaints online and get justice near immediately if a company does shady stuff with their data, even the law plays a big role here and has to be constantly adjusted according to the Users needs. China has all of this. I've witnessed it and used it during my stays. The Chinese super app's level of comfort, safety, efficiency, near infinite choices is unreachable by the west. Mabye one has to experience it themself to understand how much more powerful a super app is compared to it's sum of isolated parts.
I think there's potential for not-so-super apps, that would focus on integration in one specific industry each. For example the passenger transport app, memberships app, delivery app...
@@guydreamr That's a weird thing to be offended by. Are you first day on the internet? How's this person supposed to know what it wrote in another comment?
Personally, I'd rather have a handful of apps that each specialize in a certain task/function rather than a "SUPER" app that tries to do everything at once.
You think you would, but you're wrong. If you wanted to give me $5 and there was a button under my comment to give me $5, you'd press it.
@@thewhitefalcon8539 Jack of all trades, master of none. Companies that tries to be everything to everyone are inevitably shown up by all the experts who can do everything better than they can. Would you trust medicine prescribed by your car’s mechanic, or let your doctor mess around with your car’s engine? 😏
That’s called a transaction??? Almost every app has that?
Unless you are proposing we have a TH-cam bank I cannot tell what you’re point is
@@Skywarslord No, not every app has that. Where is the button next to this comment that gives me $5 when you click on it?
@@thewhitefalcon8539 That isn’t a nessecary function for TH-cam to have though. Not every app needs to do everything. It does have a button to give the creator five dollars, or the company five dollars, but there isn’t a need for TH-cam to let me quickly send you 5 dollars. If I wanted to do that we’d have to go to a company which specializes in small, financial, personal transactions and do it there.
Who in his right mind trusts Elon with his money? I surely don’t.
Never
@@VincentKarabouladMusiqueyou're simping too hard
PayPal?
@@RawDealCoyou too jealous, stop hating
That's why you're broke and miserable
I’m honestly very weary about the power a corporate company would have if a super app were to take over. With the popularity in Asia, I’m not surprised given the types of governments there but I just prefer a division of power among corporations who care about nothing but greed.
It's just another corporation trying to make money. Nobody has to use X since there's alternatives that can do what it does but better. For now at least.
Google doesn't have a proper competition and is arguably more powerful than Wechat over the Chinese populace than Google over the Globe.
Yet no one bats an eye
Why in tarnation would someone use Twitter/X as a payment thing when Revolut and other options already exist?
Marketing tars marketing, oppo ceo has said it marketing can change anything!
One potential niche is low to zero payment fees. Those apps are very expensive compared to even third-world payment network.
In Germany we already have a very popular payment method called "Bargeld". Basically all the stores, restaurants, event locations and even public toilets accept it. A lot of the people in our biggest demographic (45+) only use this method. So yeah, going from "Bar" (how we casually call it) to something probably called "x-pay"? No way!
Should've told them that Bargeld means cash, to make the sarcasm land better
Here in Wiesbaden, it is no longer possible to use Bar for ticket purchases on the Bus. You can still tickets at kiosks for cash, but it's only a matter of time before we are pushed to digital payments everywhere.
I personally believe he chose to buy Twitter mostly for the data. as you said, it wasn’t for the users, employees or even the platform itself, but the data. That’s very valuable to succeed on the creation of a Super App.
he bought twitter because he was forced to do so
@@solivares yes, but it would still be cheaper to be sued than to go forward with the purchase. That’s why I believe the date was his biggest motivation.
@@tiagomaqz so, in conclusion, you're agreeing he was forced to. due to his vanity and ego.
@@Maddog-xc2zv nah. It would be cheaper to be sued than to buy it if didn’t want to. He DID chose to buy it even though he got cold feet at some point.
@@tiagomaqzHe got cold feet when he recognized that it was a terrible purchase.
Your overall assessment of Elon is so on the mark. Never count him out. But for a "smart" guy, he does some stupid sh*T. It cracks me up how EVERYONE still calls X, Twitter. If he can't get people to follow that lead, good luck with all the rest of it.
Elon is actually quite dumb, but lucky.
Elon has spent his life failing up from the money he inherited.
I just dont want that one app know to much about me.
Super apps just seem like bobbled operating systems kinda of a cool concept but messy and controlling in the long run
7:15 I guess by that standard, Google play and Apple's App store are Super apps.
Once the Starling fully functional then he can do some magic.
Mark is playing checkers, Elon is playing Chess.
Great content. I really enjoyed your hypothetical. It truly is a mind boggling amount of money to have spent on something he didn't seem to want in the first place.
He wanted to buy Twitter but not for that price, due to the many bots and not that many active users as they claimed.
Twitter didn’t want to sell in the first place and than forced him to buy.
@@mhfs61 that's not true. He made a ridiculously over inflated bid based on a joke number (44 Billion is from 54.20 per share. get it? weed haha) and the board legally had to accept it on behalf of their shareholders, that's how it works in business. He then tried to back out of it multiple times, thought claiming 'but the bots!' would get him out of it, Delaware court said no deal, and the number of bots since he took over the platform has absolutely skyrocketed. I've been on twitter since 2009 and the user experience has never been worse. I don't even bother anymore
13:20 "The reimagination of the entire financial system" I wouldn't call it like that. lol
"awh man they hacked my Facebook, thankfully the email has a separate password, as does my bank account"
Imagine if that was impossible, imagine if you lost one account you lost all.
Grab is super convenient to use. Food, Car, Delivering..
Tech altar intro with the classic neon sign is absolutely fucking bomb
It's interesting to know what goes on in China besides the hysteria. Thanks for these informative videos!
not super app more like surveilance app. Those apps fail cause most people don't want to be data
When your ego costs you $44B its probably time to figure you shouldn't have an ego.
Google is actualy the super app of west, with its login feature, saving credit cards data and playstore offering everything else.
Months later still tricky to call Twitter "X"
How can I trust a possible financial app when anyone can pay to be verified?
and are the phones not already something like a super app if you look at the whole phone. You can pay, via Google Pay, Apple pay or safe your credit card information, you can use third party apps to buy and pay for almost anything, you can install apps to control your bank accounts and send money, you can pay in physical stores with your phone too and much more. So I think regarding to functions the Phones are already a kind of super apps, just with the entire OS as the super app. Only in regard to practicality they are still lacking compared to the Chinese ones.
Yeah.....we tooootally need the guy controlling my bank account sees my twitts and delete my money scouts..
"Never say never especially with Elon"
idk, I personally feel more like "Assume no with Elon, and have a (small) chance to be surprised."
5:32 I'm not sure you understand but, when parts of an app become too big they need to be separated. If not the user will be downloading half a GB or so on every install.
Very good and balanced analysis. I think the only chance X ever has to succeed is Elon’s persona, and some ground-breaking feature that no one else has access to - which is hard to imagine in this day and age, but who knows. The bigger issue I see is the idea of super app itself. I don’t mind having more features bundled in a single app, but I truly HATE apps that are not native mobile apps, just glorified web browsers displaying a generic web page in the background. They are always slow, unintuitive, and don’t have access to some of the convenience features that the platform offers and users take for granted. At least that’s often the case on iOS, which I assume doesn’t allow easy access to all features to external web pages, or it’s hard to implement them outside of a native app built from scratch… not sure about Android, could be different due to its lenient approach to security.
This man took all the wrong lessons from the movie Food Fight.
super apps are bad, it's bad enough with how google is everywhere, if it was all one app it would be just terrible.
"He who controls the spice controls the universe" - Dune
He who controls the data controls the money. Relying on everything in one app will never gonna work in Western internet.
To think the outcry of the Twitter bird being changed to Shibacoin would be the least of our concerns
iPhone was always meant to be html5 but people wanted Dev kit
The megalomaniacal fantasies of billionaires are truly a sight to behold.
Buying Twitter for users is easier than paying people to become users. Changing habits is hard, and many people have a habit of using Twitter.
What people misunderstood about the sink joke is not that they had to lay that sink in, but that lying weasel was about to sink the whole brand.
I remeber when Elon was running paypal. Dipping from my connected account, delaying payments, and acting sketchy AF. Elon is not getting anywhere near my money again.
In the Netherlands for instance our payment facilities are great.
So, payment in the X-app wouldn’t add much value.
What TA missed and what IMO will be huge, is international payments/money transfers.
There are many immigrants around the world who transfer money to their families. They have to pay a relative high fee for their money transfer.
There are some local super apps in Iran but the government's control on them make them unappealing to people
apparently the digital landscape for a super app doesnt exist. in China, 10 years ago the tech landscape was suitable for wechat, so wechat came along. but in the West people are happy using amazon for shopping, zoom for video calls and so on
Tesla is being destroyed and it’s lunch is being eaten. It’s already starting … popcorn?
Aside from the obvious aspect of relying entirely on a single service that holds all your data, I don't like the look of the We Chat UI, but If that's what i used for everything, I'd be stuck looking at that app's UI all the time.
Let's see how this turns out.
I think its early to call it failed.
It's what we called ''single point of failure''.
how did youtube recommend musk simp land to me?
Masterful gambit, sir!
While there is a substantial Musk fan base that would jump on anything he puts out, the vast majority of people look at his erratic behavior and are not likely to trust him with running and controlling so much of their lives.
I still use my desktop computer for the Internet, my phone is a last resort and used for communications.
Still, that doesn't stop the phone dialer from being fault free as they want a review on the core feature of a phone...
So is a super app any different than an operating system then? We basically have a few super apps on the west as well such as Apple, Windows and Linux and that's basically it
You completely missed the point of what a super app is
Also, Apple is not an OS
@@fonesrphunny7242 I don't think I completely missed it. I think they are pretty similar. Yeah I meant IOS not Apple
I have the home-screen on my phone, why would I want another layer before I can reach the program I want?
This may have been stated already but does he really think the regulators in those areas would allow this to go forward? US antitrust laws are enforced at a glacial pace, but they are enforced eventually.
amazon is one of the biggest super app without third party app
Facebook has marketplace, apps and payment processing, so it covered all the superapp featureset for years and still didn't manage to become one in practice. If Meta can't do it nobody in the west can. In comparison Twitter is just a microblogging site for mostly pseudonymous users. If Elon didn't have personal attachment to the site clouding his judgement on how important it is (see the time when he said Twitter drives most traffic on the internet and got corrected that it's actually a net importer of clicks) he would have no reason to start from such a shaky foundation.
The sad thing is, Elon could have spent far less hiring people to build his own website, and just because he’s Elon musk he probably could have gotten decent traffic.
Even if super apps take off here (in the UK) I will not be using X (Twitter). I still use Twitter (not X) for social media but if it becomes more, then nope, I’m gone.
I only still use it as it’s the main means of staying in contact with people.
Sounds like a realisation. He wasn’t supposed to downsize if he had this vision
i cant see this working in europe
i just use my bank app for transfers, i know that direct bank transfers are not that easy elsewhere, but in the eu they generally are
i dont see the point for a payment app at all, im going to need my bank app anyway, i can just use that.
Paytm is not controlled by Chinese anymore. Though they still have financial authority. But this is going to change soon as Vijay Shekhar Sharma, founder and chief executive of Paytm, has entered into a deal with Ant Financial to acquire a 10.30% stake in the Indian financial services firm in a move that appears to be orchestrated to cut the Noida-headquartered giant’s exposure to the Chinnnese company.
i never spent a cent in an app store
Elon does everything and nothing at the same time😂
Elon gives me the vibe of that crazy scientist in the movies where he is fixated on this one theory that he wants to execute perfectly but by ignoring everything else in the world he fails miserably
The problem is that Elon wanted to emulate WeChat which is an all things app. But he forgot that that was due to governemnt policies that led to that, in a capitalism world people dont like an everything in one place thing
X should try to enable campaign donation and become trading platform
Why run an app within an app? When you can just run an app from the phone? Makes no sense.
It's really cute how you treat Elon as being competent in anyway
The biggest problem with Elon Musk super-app is that no one would trust that clown to actually handle transactions and any sensitive information for that matter
And yet everybody still uses and talks abour it. Really Amazing.
'Convoluted path' you say, it's almost like there was no plan and Elon just does random spur of the moment things like an impulsive child but wielding genuine power and influence gifted to him by his believers who think he's playing 4D chess.
There will never be a day where I download a app called x. I don't know why but on principal I won't do it and neither should you.
Seem like elon musk talking horse egg and we started to believe 😂
These “super apps” are really dumb. You might as well just download the apps regularly. Look how clean my phone unlock screen is, then you click on super app, and see what your unlock screen would be like.
Not "bribing", "lobbying". It's the same thing, but it's legal. 😂
He also publicly declared that no one on this planet knows more about manufacturing than him. America's other stable genius. 🤣
That app must be huge and slow
This aint gonna happen in Europe but i see dark for America that some Company is gonna do it.
I wish Musk buys Ubuntu so that we can say goodbye to Windows.
Super app or in another words operating system and mini-programs in other words apps. Yeah, no, thanks, I already have one of these in my phone. No reason to have another to run apps within apps.
I wouldn't trust Elan with feeding the slugs in my backyard! So I sure as hell am not going to let him get anywhere near my money!!!
I think super aps are a bad idea because it creates a monopoly. So i will not be participating if elon husk actually succeeds.
While Elon complains about Apple owning the market, he himself just wants to be part of the pie.
Isn't relying on one service to do EVERYTHING kinda scary? Now one company holds ALL the data. Who in their right mind would use such a service?
Agreed, however, with one caveat, “as long as you have a choice”. Luckily we do but am not so sure about China.
Billions have already agreed to have Facebook or Google house all their data... they track and record EVERYTHING
Google exists
That's literally the main reason WeChat exists, as a central point for the CCP to spy on its users
@@upampatra33
You can use Apple
Yeah, Elon says a lot, and delivers like 5 % at best.
That's still way too much, i am indonesian and gojek IS everywhere and it's only 2% gdp
More like 0.05%. Remember the so-called "revolutionary transportation idea" of Elon which was the Hyperloop? Millions of taxpayer dollars was sunk into after Elon convinced an entire city to invest in the Hyperloop project over actual public transport system and over the years nothing came out of it.
But then, Tesla & SpaceX should be his successful babies. & These only count as 5%??? Let’s be a bit fair to him.😂😂
@@locacharliewongHe didn't even found Tesla.
@@locacharliewongTesla has only had like 1 or 2 profitable years, and now other brands are set to eat a lot of Tesla's shares on the EV market, as their de facto monopoly comes to an end.
What happened to autonomous drivning? Tesla Semi?
Starlink seems to be the only SpaceX projects not go up in flames...
In order to make a super app feasable, you not only need to develop it first, but you also need to get over the legal challenges too. Something that in the western world just won't fly by.
Hey Elon...the EU is on the phone..
I wanna have an app within my app where I can open a super app to run a mini app with a script on the website that will run a java game launcher within an emulator to run my banking app
App-ception
Twitter barely functions as Twitter as-is, if he really expects it to become as big and as comprehensive as WeChat he’s living in a fantasy, but that was hardly hard to believe.
Twitter/X is doing fine wdym?
@@Gabzilla19 So many basic features are broken it's almost funny... You can't even scroll up to view the previous tweets in a thread...
@@bryanleebmy Twitter is broken, can't even search half the time. Only see old tweets unless u scroll for like 10 times. Have a permanent prompt on DMs saying messages not available at the moment.
@@Gabzilla19 Oh, like how the site is completely busted if you’re not logged in and doesn’t show posts past a few months ago? Or how he caused the site to DDoS itself through poorly thought out ways of enforcing a “tweet view quota”? Shit man, did they ever fix text based 2FA being offline, locking people out of their accounts? Because of micro services HE EXPLICITLY mentioned taking offline? The site continues to make browsers freeE randomly, too.
He's just trying to get more investor money. The problem is that it is now a lot harder to come by than it used to be.
In Brazil, the Central Bank created a payment protocol named PIX to handle digital transactions between person-to-person or person-to-business. The transactions generally take seconds to complete and it's widely adopted by banks and business here. Any digital payments that are not credit card based and don't use PIX are destined to fail here. WhatsApp, for instance, is insanely popular in Brazil, but no one uses it to transfer money because they don't use the PIX protocol (since they're not a bank with local representation). I imagine that a lot of other countries have some distinct local financial behavior, and I think Twitter/X will not be able to localize their solutions.
Exact reason why whatsapp payments failed in India, because it didn't initially (yet?) use UPI, like PayTM did.
ADD: On the other hand Google Pay was one of the early adopters of UPI so it prospered in India. So it's possible, but I'd argue that Twitter doesn't have anywhere as big reach as Google. In the end this might be what makes or breaks X's dream of global payment mega app.
Aqui na Alemanha as pessoas não gostam nem de pagar com cartão de débito, preferem ir ao caixa eletrônico sacar dinheiro para comprar as coisas. Imagina se alguém iria usar um único APP para pagar contas, fazer compras e concentrar toda a vida ali dentro.
@@fraufuchs9555Moçambique é a mesma coisa. Apesar da plataforma m-Pesa dominar o mercado das transacções. Ele funciona com base no teu número de telemóvel, não precisas ter nenhuma conta bancária para usar. Então é super fácil e inclusiva de usar.
@@pia31415 Whatsapp Pay works on UPI. But now when every person already has multiple UPI apps on their phone, no one is particularly interested in registering for Whatsapp UPI.
I think part of the problem any App is going to face is that it's not enough to be new and frictionless anymore. You have to be exceptionally more friction less than pre-existing options. Things like Pay Pal took off because, well, they were basically the only option to make online commerce easy. And for that same reason, a simple pay pal clone would not displace them. A lot of modern platforms are trying to provide a slightly better version of something that already exists. And there's not really a huge gap between hitting one button to send money in App A and hitting the tile on my homescreen to send money with App B.
Especially because a lot of Apps these days are simple interoperable. Why do I need an everything app when I can instantly share a photo on instagram, discord, facebook messenger, or a phone chat with exactly the same ease. And I use each of those services for entirely different things.
I think Elon accidentally put himself into a position where he needed to purchase Twitter (entering an agreement as a joke) and now he's just trying to do what he wants using Twitter's base instead of building a whole company from scratch (which he could have done at any time) because he needed to do something with the company he reluctantly bought.
That makes no sense at all, he is not the CEO of Twitter and he's building multiple technologies to achieve the Everything App...stop making nonsense up it's ridiculous. Wait for the app upgrades/products to be released then judge rather than mindless nonsense.
He has to pretend like it was all part of some plan and not the result of making a ludicrous bid based on a 'funny number' (5*4.20* per share), which was so above the odds on what the company was actually worth that the board legally had to accept as their first duty is towards their shareholders. You'd think for a 'business genius' he'd have been aware of that, it's literally business 101! This is the first time the world has been able to see how he runs a company without a group of handlers, as at Tesla and SpaceX, to stop him constantly doing reckless and stupid things and the results aren't pretty
That's the price you pay for being Mr Cool with a big mouth... That's one screw up that costed him $30 Billion loss. 🤦♀️
@@Thinking858 You really are small minded, money has little meaning to Musk. Achieving his dream of the Everything App is another concern entirely. Because you are not worth 250billion you try to see from a view of loss because you can't comprehend the figures. He's buying the userbase and data which as with all Musk's companies long term become absolute giants. It's okay to understand some people are not in your level, insults are small minded and arbitrary.
@@Lee-fc3yfMusk isn't gonna shag you, pal
Really fascinating how these super apps have their own mini-apps which are basically web apps. As well as the fact that these mini-app stores serve as people's main source of apps in China as they don't have access to the Google play store and (I assume?) the Apple app store. It reminds me how Steve Jobs originally wanted apps on the iPhone to only be web apps. Of course, that never happened, so it's kind of interesting to see a real life version of that "what if" scenario actually play out.
People can access Apple's App Store actually, and every Android manufactor has their own app store such as Huawei 's App Gallary and Xiaomi's Mi app store. However, since for the android market these stores are decentralized (it's like the wild west) it's difficult for the app developer to control the versions of apps. In fact I think people are using mini apps just because they don't want take time to download the real apps, let alone those (mostly android) apps always tend to have malicious behaviors without google's control (collecting your information, draining your battery, etc). That's why in the highend market of China Apple is taking the most market share.
It’s a huge missed opportunity for Apple. There’s a big difference in committed development and maintenance hours to develop a native app vs web app plugins under a platform. Progressive web apps could’ve bridged the gap on iOS between the performance and huge development time requiring native apps and simpler web apps that just need better integration with the OS APIs. The experience to develop PWA for iOS still sucks
Jobs wanted them to be web apps so you couldn't install anything without paying apple for it.
@@markhaus a lot of companies opt not to move into China because if you do, China needs to be in control.
Even stuff like mmos that branch into China basically have to have a separate server run by a Chinese company.
That's usually OK for games [though some like Sky CotL have run into issues with Chinese historical rewriting making it hard to even design cosmetics] but most major companies aren't willing to risk IP, trade secrets, their inner workings in that sort of environment.
Nintendo in particular has historically preferred to allow piracy in China than risk total control of their IPs abroad.
The funny thing nobody mentions or realizes is, that we already have these Super-Apps. They're called AppStores.
The key thing Elon is missing here is that for a super app to work you need trust. And judging by the mass-layoffs and childish behaviour, people have lost a lot of it in regards to twitter
And also crazy political claims on Trump, Putin, China and so on. For most of the people I know, including me, we totally lost trust on him because of that.
@@corvomicheleEven semi-conservative normies i know think that guy is an idiot.
you use amazon because you trust jeff bezos? if some seller on amazon scams you, will you say oh I trust jeff he automatically give my money back, If yes then I trust Elon!
yes, completely lose respect, the guy is a big man-child, and not in a good way.
he shown us again and again, when he was defeated instead of owning his mistake like a man
, he would resort to insult, bully, making a meme out of them.
not to mention people still remember his financial scam till this day
He made a rocket and called it a success if we ignore that it exploded mid air. That gives me 0 confidence.
At least in the Netherlands, you don't really need an extra app for payments because there are interoperable standards that all banks use. It's also why things like Paypal and even the concept of credit cards aren't that big here; you just hardly ever need it. And nobody outside of China needs an app that pretends to be an OS because we already have those. I also think that people in more established markets tend to be a bit more wary of the concept, regardless of who runs it.
I'd never trust any US company with my wallet! US is one of the worst countries in the world when it comes to money because the country runs on greed.
UPI said hi
This
Exactly same with Indonesian QRIS, which most of banking and payment apps implement and can even be used in other Southeast Asian countries.
Portugal is identical, we have a arm system that is a network between all banks paid by advertising on the arm itself, also you can do a lot of stuff on the atm, even renewing a hunting license for example.
And the same network that created that have an app that allows to send money to any person using they mobile number free of charge and it's is received the same second is sent. Also allows to pay using the phone camera or take money in a atm without a physical card.
Now it even allowes to request a receipt with you fiscal number to ever payment made with the camera, without needing to ask the seller an wait for him to enter your number on the pos...
Elon…Promises truckloads, barely delivers a pinch.
Also. Like someone pointed out, we already have a super app that can do everything...social media, payments, content and work. It's called a web browser.
Just like any other millionaire
For a guy who promises electric vehicles, he sure is filled of hot gas
He’s usually pretty off on his timing, but for the most part he delivers. Dude runs 5 companies and gets 6 hours of sleep a night, give him a break.
@@ysomadbeats if you do any reading you will find almost all his plans are duds. Like the stupid hyperloop.
@@Haraamcore13 Most plans are duds in engineering, I'm an engineer. His plans aren't duds, their ambitious, and quite often science just isn't there yet to meet the demands of some of his projects.
Anyone in the engineering space can recognize his brilliance, iv heard him speak, he knows his shit.
Before he bought twitter, twitter was spending more money on research and development then almost all of elon's companies spent combined.... And how many ground breaking scientific and engineering work was done by twitter with all this money? basically none, nothing came of it, twitter was the same app for a decade. Elon with less R&D money then twitter, managed to split it up across so many diffrent industries such as EV's, space travel, brain tech interfacing, artificial self driving and really just AI in general, and make ground breaking advancements in all of them. You don't do shit like that by having dud plans, if it was easy to throw shit at a wall until it stuck, everyone would be rich.
If elon wanted to succeed, he should've just kept it as twitter and downplayed his involvement while introducing new features until you can do pretty much anything on it
But that wouldn’t give him any opportunities to stroke his ego
@@Gloomdrake true
Tesla and his Space companies succeed not because of his actions but because he has brilliant people working for him who let these companies succeed despite Musk's actions.
And taking advantage of government subsidies@@Suksass
really he has two separate goals for Twitter. one is turn it into a super app and the other is to turn it into a free speech thunderdome for far-right extremists.
the second goal of catering to far right extremists seems to be the goal which is much more important to elan. it's pretty easy to tell where he's putting all his energy.
The US already effectively has has 2 super-apps. iOS and Android OS. They provide access to tons of downloadable “mini-programs” and serve as a central hub from which the everything else you do with the phone is accessed. Making another super app would effectively just be adding another unnecessary step to the process of doing what you want to do.
@yyattt Yeah because nobody uses windows phones. Not even Bill Gates himself uses one and he founded the goddamn company that makes them.
I don't think it will, Twitter had a tiny user base, low trust, and a terrible ux. Not much has changed yet, so it would require some insane transformations for it to even stand a chance to survive as a social media platform.
they are one of the few who have survived for so long when many other have failed but the platform is seeing its biggest transformation yet. Ads revenue share just kicked off a big change
@@a-don13 "Ads revenue share just kicked off a big change" What does that even mean? As the clip reported, Twitter's ad revenues have cratered after Musk took it over, most probably due to his incompetent management.
@@weird-guy I'm Brazilian, and we are apparently the 3rd biggest user base, and I don't know many people who use Twitter often, apparently is less than 20 million people.
To put into perspective, Instagram has more than 100 million people using it here.
@@w花b they're hiring
@@a-don13how many best-of-the-best would agree to work in this company now?