Elon's failed attempt to build a "Super App"

แชร์
ฝัง
  • เผยแพร่เมื่อ 4 พ.ย. 2024

ความคิดเห็น • 2.7K

  • @TechAltar
    @TechAltar  ปีที่แล้ว +80

    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

    • @dongshengdi773
      @dongshengdi773 ปีที่แล้ว

      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

    • @philipp594
      @philipp594 ปีที่แล้ว +2

      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.

    • @typxxilps
      @typxxilps ปีที่แล้ว

      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.

    • @theMosen
      @theMosen ปีที่แล้ว

      If 40 million users each get 3 friends to join, that's 160 million users 😁

    • @TBDN_QC
      @TBDN_QC ปีที่แล้ว +2

      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.

  • @trickvro
    @trickvro ปีที่แล้ว +1306

    A super-app sounds like a massive privacy nightmare. We already have plenty of those, thanks.

    • @AlexPerez-tt9ru
      @AlexPerez-tt9ru ปีที่แล้ว +37

      These super apps seem like a way to keep an eye on everyone easier

    • @MiniKodjo
      @MiniKodjo ปีที่แล้ว +22

      Yeah but honestly for the user its super convinient.

    • @Devilishlybenevolent
      @Devilishlybenevolent ปีที่แล้ว +53

      ​@@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

    • @UlshaRS
      @UlshaRS ปีที่แล้ว +8

      Every feature is a new point of vulnerability and it's the CEOs not the code monkeys pushing these lifestyle apps for a reason.

    • @NothingXemnas
      @NothingXemnas ปีที่แล้ว

      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

  • @sonic2000gr
    @sonic2000gr ปีที่แล้ว +1266

    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.

    • @riverjustice
      @riverjustice ปีที่แล้ว +5

      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.

    • @octagonPerfectionist
      @octagonPerfectionist ปีที่แล้ว +197

      @@riverjustice not every country tolerates monopolies. wechat only works because it's de facto owned by the chinese government.

    • @padnomnidprenon9672
      @padnomnidprenon9672 ปีที่แล้ว +6

      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 ?

    • @bradavon
      @bradavon ปีที่แล้ว +14

      Exactly. It may work in the US like how iMessage dominates but it doesn't anywhere else.

    • @mazxn
      @mazxn ปีที่แล้ว

      @@riverjustice Even if that's true, Elon Musk isn't an innovator he's a loser.

  • @tamask2172
    @tamask2172 ปีที่แล้ว +263

    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.

    • @ALotOfCancer
      @ALotOfCancer ปีที่แล้ว +28

      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.

    • @rustkitty
      @rustkitty ปีที่แล้ว

      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.

    • @DABA2024
      @DABA2024 ปีที่แล้ว

      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.

    • @kazzxtrismus
      @kazzxtrismus 11 หลายเดือนก่อน

      we chat was installed on those phones by government demand / law / policy
      its not "popular"....its forced

    • @tamask2172
      @tamask2172 10 หลายเดือนก่อน

      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

  • @jal051
    @jal051 ปีที่แล้ว +378

    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.

    • @robotnoir5299
      @robotnoir5299 ปีที่แล้ว

      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.)

    • @redacted_lol
      @redacted_lol ปีที่แล้ว +9

      so true

    • @thewhitefalcon8539
      @thewhitefalcon8539 ปีที่แล้ว

      Twitter is the app most trusted by Nazis and there are a lot of those. If Musk made Nazipay it would be very successful.

    • @WobblyBits_X
      @WobblyBits_X ปีที่แล้ว +13

      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.

    • @robotnoir5299
      @robotnoir5299 ปีที่แล้ว

      @@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.

  • @turtleidiot3324
    @turtleidiot3324 ปีที่แล้ว +3165

    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

    • @corvomichele
      @corvomichele ปีที่แล้ว +253

      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.

    • @reed6514
      @reed6514 ปีที่แล้ว

      ​@@corvomicheleEven semi-conservative normies i know think that guy is an idiot.

    • @genichiroashina1
      @genichiroashina1 ปีที่แล้ว

      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!

    • @jensenraylight8011
      @jensenraylight8011 ปีที่แล้ว +211

      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

    • @thevikingbear2343
      @thevikingbear2343 ปีที่แล้ว +81

      He made a rocket and called it a success if we ignore that it exploded mid air. That gives me 0 confidence.

  • @leviathan5207
    @leviathan5207 ปีที่แล้ว +2166

    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?

    • @abbofun9022
      @abbofun9022 ปีที่แล้ว +247

      Agreed, however, with one caveat, “as long as you have a choice”. Luckily we do but am not so sure about China.

    • @shbmsrto
      @shbmsrto ปีที่แล้ว +1

      Billions have already agreed to have Facebook or Google house all their data... they track and record EVERYTHING

    • @upampatra33
      @upampatra33 ปีที่แล้ว +333

      Google exists

    • @-atimes3-
      @-atimes3- ปีที่แล้ว

      That's literally the main reason WeChat exists, as a central point for the CCP to spy on its users

    • @JAYfromTHEworld
      @JAYfromTHEworld ปีที่แล้ว

      ​@@upampatra33
      You can use Apple

  • @DanielLavedoniodeLima_DLL
    @DanielLavedoniodeLima_DLL ปีที่แล้ว +160

    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.

    • @pia31415
      @pia31415 ปีที่แล้ว +19

      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.

    • @fraufuchs9555
      @fraufuchs9555 ปีที่แล้ว +13

      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.

    • @258Loures
      @258Loures ปีที่แล้ว

      ​@@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.

    • @Banzybanz
      @Banzybanz ปีที่แล้ว

      @@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.

    • @Bustermachine
      @Bustermachine ปีที่แล้ว

      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.

  • @PeteS_1994
    @PeteS_1994 ปีที่แล้ว +198

    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.

    • @sub_rapier
      @sub_rapier ปีที่แล้ว

      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

    • @henkrpe3249
      @henkrpe3249 ปีที่แล้ว

      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.

    • @kremigmitsahne7197
      @kremigmitsahne7197 ปีที่แล้ว

      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.

    • @PtrkHrnk
      @PtrkHrnk ปีที่แล้ว +6

      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...

    • @PtrkHrnk
      @PtrkHrnk ปีที่แล้ว

      @@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?

  • @alexander1989x
    @alexander1989x ปีที่แล้ว +58

    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.

    • @MichaelBrodie68
      @MichaelBrodie68 ปีที่แล้ว +6

      Hey Elon...the EU is on the phone..

  • @nickelrevie
    @nickelrevie ปีที่แล้ว +417

    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.

    • @Lee-fc3yf
      @Lee-fc3yf ปีที่แล้ว +4

      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.

    • @SongwritingDeconstructed
      @SongwritingDeconstructed ปีที่แล้ว +2

      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

    • @Thinking858
      @Thinking858 ปีที่แล้ว +84

      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. 🤦‍♀️

    • @Lee-fc3yf
      @Lee-fc3yf ปีที่แล้ว +7

      @@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.

    • @no1wasgeorgiebest
      @no1wasgeorgiebest ปีที่แล้ว

      ​@@Lee-fc3yfMusk isn't gonna shag you, pal

  • @bartz0rt928
    @bartz0rt928 ปีที่แล้ว +572

    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.

    • @StefanRink
      @StefanRink ปีที่แล้ว

      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.

    • @Asad_Rangrezzz
      @Asad_Rangrezzz ปีที่แล้ว +18

      UPI said hi

    • @johan.mp4
      @johan.mp4 ปีที่แล้ว +1

      This

    • @ChristianYoga
      @ChristianYoga ปีที่แล้ว +7

      Exactly same with Indonesian QRIS, which most of banking and payment apps implement and can even be used in other Southeast Asian countries.

    • @rui518
      @rui518 ปีที่แล้ว +14

      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...

  • @ottergauze
    @ottergauze ปีที่แล้ว +421

    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.

    • @Gabzilla19
      @Gabzilla19 ปีที่แล้ว +3

      Twitter/X is doing fine wdym?

    • @bryanleebmy
      @bryanleebmy ปีที่แล้ว +70

      @@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...

    • @KasiVids
      @KasiVids ปีที่แล้ว

      @@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.

    • @ottergauze
      @ottergauze ปีที่แล้ว +1

      @@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.

    • @eitkoml
      @eitkoml ปีที่แล้ว +5

      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.

  • @pavelmares97
    @pavelmares97 ปีที่แล้ว +951

    Yeah, Elon says a lot, and delivers like 5 % at best.

    • @yuvx8516
      @yuvx8516 ปีที่แล้ว +39

      That's still way too much, i am indonesian and gojek IS everywhere and it's only 2% gdp

    • @DarkZerol
      @DarkZerol ปีที่แล้ว +1

      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.

    • @locacharliewong
      @locacharliewong ปีที่แล้ว +48

      But then, Tesla & SpaceX should be his successful babies. & These only count as 5%??? Let’s be a bit fair to him.😂😂

    • @SenkJu
      @SenkJu ปีที่แล้ว +99

      ​@@locacharliewongHe didn't even found Tesla.

    • @HasekuraIsuna
      @HasekuraIsuna ปีที่แล้ว +78

      ​@@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...

  • @brickman409
    @brickman409 ปีที่แล้ว +104

    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.

    • @jiaxuantang137
      @jiaxuantang137 ปีที่แล้ว +22

      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.

    • @markhaus
      @markhaus ปีที่แล้ว

      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

    • @jal051
      @jal051 ปีที่แล้ว

      Jobs wanted them to be web apps so you couldn't install anything without paying apple for it.

    • @rivetsquid8887
      @rivetsquid8887 ปีที่แล้ว +2

      @@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.

    • @MadnerKami
      @MadnerKami ปีที่แล้ว +1

      The funny thing nobody mentions or realizes is, that we already have these Super-Apps. They're called AppStores.

  • @Splonton
    @Splonton ปีที่แล้ว +149

    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

    • @Gloomdrake
      @Gloomdrake ปีที่แล้ว +58

      But that wouldn’t give him any opportunities to stroke his ego

    • @Splonton
      @Splonton ปีที่แล้ว +8

      @@Gloomdrake true

    • @Suksass
      @Suksass ปีที่แล้ว +5

      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.

    • @cannibalfan01
      @cannibalfan01 ปีที่แล้ว

      And taking advantage of government subsidies@@Suksass

    • @djangofett4879
      @djangofett4879 ปีที่แล้ว +4

      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.

  • @EmilKlingberg
    @EmilKlingberg ปีที่แล้ว +308

    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.

    • @a-don13
      @a-don13 ปีที่แล้ว +3

      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

    • @leisti
      @leisti ปีที่แล้ว

      @@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.

    • @bluester7177
      @bluester7177 ปีที่แล้ว +18

      @@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.

    • @a-don13
      @a-don13 ปีที่แล้ว +1

      @@w花b they're hiring

    • @AAA-a-a-a
      @AAA-a-a-a ปีที่แล้ว

      ​@@a-don13how many best-of-the-best would agree to work in this company now?

  • @orange_turtle3412
    @orange_turtle3412 ปีที่แล้ว +21

    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.

    • @orange_turtle3412
      @orange_turtle3412 9 หลายเดือนก่อน +1

      @yyattt Yeah because nobody uses windows phones. Not even Bill Gates himself uses one and he founded the goddamn company that makes them.

  • @laizerwoolf
    @laizerwoolf ปีที่แล้ว +103

    It's interesting to note that Jack Dorsey, co-founder and the former CEO of Twitter, established his own successful payment app, Block (previously known as Square). This achievement might reveal underlying wisdom and possibly a deliberate reason why Dorsey chose not to integrate a payment system into Twitter in the first place. Perhaps there's some unspoken insight into why this may not have been a good idea.

    • @deadfr0g
      @deadfr0g ปีที่แล้ว +37

      This is potentially a very profound idea that you’ve identified here, and I’m sorry to sully it by sharing the first thing that came to my mind: “Don’t sh¡t where you eat.”

    • @_Dibbler_
      @_Dibbler_ ปีที่แล้ว +36

      @@deadfr0g People in west already dislike Facebook snooping on them. I am pretty confident to say that not many would want them to also know their finances.....

    • @HasekuraIsuna
      @HasekuraIsuna ปีที่แล้ว

      Twitter is anonymous accounts, that usually does not go well with finances...
      I think Facebook has bigger chance at becoming a payment app, and they already failed with Libra.

    • @Joe-cm5kl
      @Joe-cm5kl ปีที่แล้ว +25

      That's a great name for a payment app.
      "Can you send me that $50?" "I'm Blocking you."

    • @whocares4598
      @whocares4598 ปีที่แล้ว +13

      He's not the former founder of twitter. He is still the founder of twitter. Just not a part of it anymore

  • @shiethegal
    @shiethegal ปีที่แล้ว +49

    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.

    • @thewhitefalcon8539
      @thewhitefalcon8539 ปีที่แล้ว +8

      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.

    • @bookcat123
      @bookcat123 ปีที่แล้ว

      @@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? 😏

    • @Skywarslord
      @Skywarslord ปีที่แล้ว +5

      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

    • @thewhitefalcon8539
      @thewhitefalcon8539 ปีที่แล้ว +2

      @@Skywarslord No, not every app has that. Where is the button next to this comment that gives me $5 when you click on it?

    • @Skywarslord
      @Skywarslord ปีที่แล้ว

      @@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.

  • @Ballpython50001
    @Ballpython50001 ปีที่แล้ว +65

    I will never understand why some people think this is a good idea....
    It's like saying "I want to live under a monopoly that has complete control over what I see and do".

    • @robotnoir5299
      @robotnoir5299 ปีที่แล้ว +6

      _"I don't want gas or petrol as power sources. Put all our eggs in one basket please! Electricity only!"_

    • @thewhitefalcon8539
      @thewhitefalcon8539 ปีที่แล้ว +9

      Users don't think it's a good idea. Shareholders think it is, and they force users to listen.

    • @orange_turtle3412
      @orange_turtle3412 ปีที่แล้ว +3

      Giving that much power to a single corporation is basically asking for a dystopian corporatocracy (Believe me, thats the last thing we want.)

    • @muscularclassrepresentativ5663
      @muscularclassrepresentativ5663 ปีที่แล้ว

      @@robotnoir5299L

    • @justinwatson1510
      @justinwatson1510 ปีที่แล้ว

      If you wish to avoid the corporate dystopia, join a communist party becase that is the only possible outcome under capitalism.

  • @EdLrandom
    @EdLrandom ปีที่แล้ว +28

    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

  • @faridmousavinia2401
    @faridmousavinia2401 ปีที่แล้ว +51

    The super-app idea has been implemented in iran by the iranian government aswel. The close relations between iran and china's government is probably the reason. Most of the super-apps we have here are government supported and controlled apps where you can do lots of things in them. I think its been 3-5 years since we have these kinds of apps here.
    The only thing we dont have here is money transaction in chat apps because We dont use any iranian based chatting app because all are government spyware apps and have a lot of censoring. Majority of people still use telegram and whatsapp even though they've been blocked by the country. It has reached a point where every single person has at least 3 VPNs installed on their phone and after the protests of last year most major VPNs like nord, express, windscribe... Are completely blocked.

    • @weird-guy
      @weird-guy ปีที่แล้ว +1

      Imo google is basically our version of a super app

    • @egyptrocks265
      @egyptrocks265 ปีที่แล้ว +3

      get mate what VPNs work now ?

    • @darrylkid210
      @darrylkid210 ปีที่แล้ว

      ​@@weird-guyGoogle pay, Google doc, Google map, Google mail

    • @kingofhearts3185
      @kingofhearts3185 ปีที่แล้ว +1

      Google has the potential, chrome, search engine, payment processor, email, youtube, android os, pixel and chromebook, and a bunch of other services. It's not all in one package, but the ecosystem has similar utility. Especially with how many other websites and services have a sign in with google option.

  • @Haraamcore13
    @Haraamcore13 ปีที่แล้ว +214

    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.

    • @Laggex_
      @Laggex_ ปีที่แล้ว +6

      Just like any other millionaire

    • @fennecfoxfanatic
      @fennecfoxfanatic ปีที่แล้ว +23

      For a guy who promises electric vehicles, he sure is filled of hot gas

    • @ysomadbeats
      @ysomadbeats ปีที่แล้ว +1

      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.

    • @Haraamcore13
      @Haraamcore13 ปีที่แล้ว +18

      @@ysomadbeats if you do any reading you will find almost all his plans are duds. Like the stupid hyperloop.

    • @ysomadbeats
      @ysomadbeats ปีที่แล้ว +3

      @@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.

  • @Ajan-X
    @Ajan-X ปีที่แล้ว +115

    Building a payment app based on the most toxic platform that bans critical users seems like a solid strategy. #GoElon

    • @Terra_Lopez
      @Terra_Lopez ปีที่แล้ว +4

      Ha ha, well said! ☺

    • @twistedelegance_
      @twistedelegance_ 11 หลายเดือนก่อน +2

      I hope he ruins Tik Tok next. Two platforms we don't need.

    • @taragnor
      @taragnor 11 หลายเดือนก่อน +1

      Yeah, gotta love Elon's strategy of firing a ton of programmers when the goal is to expand the application into a super app. There's a real genius move.

  • @PtrkHrnk
    @PtrkHrnk ปีที่แล้ว +53

    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...

  • @abbofun9022
    @abbofun9022 ปีที่แล้ว +560

    Who in his right mind trusts Elon with his money? I surely don’t.

    • @NLJeffEU
      @NLJeffEU ปีที่แล้ว +5

      Never

    • @RawDealCo
      @RawDealCo ปีที่แล้ว +92

      ​@@VincentKarabouladMusiqueyou're simping too hard

    • @feliksszyszka
      @feliksszyszka ปีที่แล้ว +19

      PayPal?

    • @SunsetNova
      @SunsetNova ปีที่แล้ว +9

      ​@@RawDealCoyou too jealous, stop hating

    • @FalconEcho
      @FalconEcho ปีที่แล้ว +1

      That's why you're broke and miserable

  • @nchaiphuong
    @nchaiphuong ปีที่แล้ว +64

    Thanks. I came to the US 3 years ago from Vietnam, and I was surprised that they don't have a national app which includes every needed like payment, transportation, utilities, electricity ... I understand the reasoning. However, it's quite a waste of time to find "authentic" (which requires some research) for everything mentioned if you're not local, not to mention that each state has their own official app. Banking processing is also slower and prone to breach (I have had to replace card from one of the top bank a few times because my card info got stolen). Though, I understand the dilemma is real, besides the perks, capitalism has huge problem with monopoly and one person with their person opinion can have so much control. Elon can brilliant in many cases, but he can be the opposite in many. No one want someone who changed Twitter to X have control over my household, transportation and everything payment and activities. Yet, he is just one of them. So yes, lots of Asian countries have their own super app, but now I share the same fear the US people have toward big corp. so I cannot see one any time soon.

    • @weird-guy
      @weird-guy ปีที่แล้ว

      In Portugal, you can do it with atm system,homebanking and an app called mb way.
      We get a entity number,reference number and of course the value of the payments or if you are using the app you scan the QR code, you can charge your number,pay electricity,water bill, government payments like irs,road tax ect, transfer money is something like 40 operations you can do at the atm

    • @J.J.J.J.J.J.J
      @J.J.J.J.J.J.J ปีที่แล้ว

      Yup really well said.

    • @moister3727
      @moister3727 ปีที่แล้ว

      Each country having a super app is a great idea imo

    • @paulpinecone2464
      @paulpinecone2464 ปีที่แล้ว +5

      The danger of monopoly is a capitalist problem? I guess you could say that China doesn't have a problem with monopolies because there isn't anything else.
      If a company has a large monopoly then there is danger that it will sway the government. But if the government has the monopoly, then there is the danger that it will abuse that power. Again, is there any question as to why the Chinese government wants a single application in which its citizens perform all transactions?

    • @jacobhuskinson3854
      @jacobhuskinson3854 ปีที่แล้ว

      its mostly because poor republicans are to scared to learn new things and rich republicans enjoy keeping poor republicans poor and stupid so they keep putting them in power. Making life easier would then give their base more power which is the opposite of what they want because they want to hoard power and wealth.

  • @teomai
    @teomai ปีที่แล้ว +13

    Correction, Grab is not a Singapore company. It's Malaysia but the operating HQ is in Singapore. The co-founders of Grab are all Malaysian and the CEO of Grab is one of the Tan Chong Motor Holdings Berhad founders grandson.

  • @des2knee962
    @des2knee962 ปีที่แล้ว +13

    Thanks for the detailed video on payment challenges and current trend !!!
    One point - Paytm was not built on UPI. Paytm was just another wallet which needed refill. Infact they suffered the most with the rolling of UPI, but slowly recovered

  • @kfcnyancat
    @kfcnyancat ปีที่แล้ว +13

    I just think the fact that certain apps are already entrenched makes a super app a hard sell.

  • @memofromessex
    @memofromessex ปีที่แล้ว +43

    I'm still surprised SnapChat is still a thing. I thought it died!

    • @FarmYardGaming
      @FarmYardGaming ปีที่แล้ว +4

      From my experience there's a lot of teenagers using it religiously in the UK, my brother basically lives on it

    • @shukracharya_
      @shukracharya_ ปีที่แล้ว +5

      ​@@FarmYardGamingindia too

    • @Kevynmorgan
      @Kevynmorgan ปีที่แล้ว

      It's a thing in The Uk

    • @morgan3625
      @morgan3625 ปีที่แล้ว

      Sweden too

  • @Mkoivuka
    @Mkoivuka ปีที่แล้ว +129

    You're probably right about Elon's strategy. Come think of it, the whole Subscriber system where users get share of ad revenue, is just another way of getting the bank information of the larger content creators. So there's an incentive for these content creators also to generate content that could be purchased on Twitter, err, X.

    • @shukracharya_
      @shukracharya_ ปีที่แล้ว +5

      X will become a bank
      And these users who are earning ad revenue will stop their money inside twitter and use it direct for payment to services

    • @thecryingsoul
      @thecryingsoul ปีที่แล้ว

      Sounds more like "X" is becoming the new OnlyF*ns rather than the new paypal lol

    • @weird-guy
      @weird-guy ปีที่แล้ว

      In my country I doubt it will stick, the user base is too small and we use homebanking,atm and mb way (upi type of app), Brazil has pix that is also popular and off course India has upi

    • @tofu666
      @tofu666 ปีที่แล้ว +3

      I guess he wishes for the app formerly know as twitter to become the new paypal, but I don't know if the userbase is really up for it. Just look at the move of blocking non-twitter users from seeing tweets. while it lasted reddit threads that usually were filled with twitter links were simply filled with mastodon links right until they reversed it. Fundamentally changing how your service works might backfire and could potentially alienate your userbase and lead them to look for alternatives.

    • @TexasCat99
      @TexasCat99 ปีที่แล้ว

      1 - who wants to give xtwitter money?
      2 - Trolls, bigots and nazis live on xtwitter, so who wants to do business with that?
      3 - xTwitter is only losing more and more money as it shrinks.
      4 - trolls, bigots and nazis creating content for other trolls, bigots and nazis doesn't make money. They can do that for free anywhere.

  • @Widur42
    @Widur42 ปีที่แล้ว +65

    I think people should stop taking Elon Musk so seriously. He is a marketing genius and has perfected the formula for creating hype around an idea or a product. He always completely overpromises in regard to his products and then underdelivers masterfully. In addition, a lot of his ideas are essentially scams (like Neuralink or Hyperloop which are just not capable to deliver on their promise - ever). I am also kinda sick of the way he names things. "X" is not a better name for a service than twitter, but he thinks its cool so he just does it.

    • @61hemanth
      @61hemanth ปีที่แล้ว +2

      I absolutely agree with you

    • @martin0499
      @martin0499 ปีที่แล้ว

      Elon is a manchild

    • @freddielungu4444
      @freddielungu4444 ปีที่แล้ว +1

      Twitter is the perfect name for the social media platform that was. But...
      X did not emerge from the purchase of Twitter. Elon is simply finally wrapping a unified brand around his companies. He is building an ecosystem and not a bunch of money-making schemes... as is the case for every visionary deeply rooted in the most fundamental interpretation of existence - Natural Law (or as I like to call it Uncausedness). To understand his companies is to understand his worldview.
      A good practice to stay grounded is to consider that Elon is merely an individual. He is not powerful enough to do any of these things on his own. It is only by convincingly sharing his vision with enough powerful people that he can... especially this Twitter move.

    • @leisti
      @leisti ปีที่แล้ว +4

      @@freddielungu4444 "Natural Law (or as I like to call it Uncausedness)" Sounds like serious woo-woo.

    • @kenny4957
      @kenny4957 ปีที่แล้ว

      How can an Idea be a scam?

  • @Ashadow700
    @Ashadow700 9 หลายเดือนก่อน +1

    I think the biggest reason that super apps won't take off is that the market already have established players, and people just are not interested in moving to a new plattform.
    For payments, you have Paypal. For videos, you have TH-cam. For messages you have WhatsApp, messenger and snap. For pictures, you have Instagram, etc.
    In the east, these apps could take off because there were no Apps filling these niches. In the west, you would have to convince people to migrate from plattforms that they already are comfortable with to join a new ones, which is much, much harder.

  • @sosasees
    @sosasees 11 หลายเดือนก่อน +4

    they say a super app has not taken off in the west.
    but it has: we all use a web browser, most likely a Chromium variant.

  • @zitachiii2196
    @zitachiii2196 ปีที่แล้ว +76

    So he kicked half of the Twitter employees and after that he want's to create a super-app on Twitter, I mean Twitter didn't even manage to fix the bot problem.

    • @brandonporter550
      @brandonporter550 ปีที่แล้ว +16

      Oh come on dude, most of those people were useless, try making at least a moderately good point.

    • @kevonslims7269
      @kevonslims7269 ปีที่แล้ว +4

      And what do you do?

    • @alexwinter3752
      @alexwinter3752 ปีที่แล้ว +12

      @brandonporter550 Wow you again that’s embarrassing

    • @BlueClouds-tp2ds
      @BlueClouds-tp2ds ปีที่แล้ว +15

      He never fixed the shitty moderation problem or the unfair allocation of verifications either.

    • @calmbeast1329
      @calmbeast1329 ปีที่แล้ว +1

      Have u seen half of those employees?

  • @dancahill9585
    @dancahill9585 ปีที่แล้ว +3

    Except Elon grossly overrates his ability to develop anything, and he fired everyone who was a senior developer.

  • @elon6131
    @elon6131 ปีที่แล้ว +27

    Really nice video!
    a good overview of super-apps in general, which is the more interesting part of this story.

  • @Ness199X
    @Ness199X ปีที่แล้ว +2

    Im a autistic middle schooler and my teacher told me i "could be like elon musk if i try hard enough" bro if this is elon musk then fuck it, im going homeless

  • @fumikato
    @fumikato ปีที่แล้ว +8

    he explains things better than most big creators

  • @patatoothie
    @patatoothie ปีที่แล้ว +28

    It would make much more sense if he would only accept „X“ payment for buying Teslas and Twitter things, paying Superchargers/Upgrades. And starting X as an extra Service as a competitor to PayPal like AliPay did by only allowing their payment.

    • @itemushmush
      @itemushmush ปีที่แล้ว +25

      forcing customers (or soon-to-be customers) to use a certain app for payments on a LARGE amount of money is a great way to get them to get out of the purchase in the first place

    • @fennecfoxfanatic
      @fennecfoxfanatic ปีที่แล้ว +4

      ​@@itemushmushwhat about giving a discount for purchasing a tesla on the x app? Maybe you will be selling at a loss but hey! Customer acquisition!

    • @tehsin13
      @tehsin13 ปีที่แล้ว +2

      @@fennecfoxfanatic Doesn't worth the CAC. Many will just use X one time and never use it again. What would be the revenue model anyway??? Why would I pay 'X transaction fees' when there's other options for free.

    • @malikfaisal416
      @malikfaisal416 ปีที่แล้ว

      Huge discount and other incentive for paying Tesla Supercharger using X

    • @Bloooo95
      @Bloooo95 ปีที่แล้ว +1

      Yeah, that would only hurt Tesla purchases lmao.

  • @lunaskye621
    @lunaskye621 ปีที่แล้ว +13

    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.

    • @carboncopy4183
      @carboncopy4183 ปีที่แล้ว +1

      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.

    • @bosunbill9059
      @bosunbill9059 ปีที่แล้ว

      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

  • @roelvaneyken211
    @roelvaneyken211 ปีที่แล้ว +21

    Prediction: I think the next step of these super apps is to actually release their own mobile operating system. They have now build a kind of "platform on a platform" as these super apps still run on Android or IOS which in turn run their own apps within the context of that super app (hence: platform within a platform). So for the superapps to "mature" in some way, I think they will eventually just release their own OS. As people already spend the majority of their time on this super app when they use their phone, they will start to neglect the other features of Android and IOS and as such this would be a logical next step. The primary attraction of Android was its Google services, now the already established super apps services could potentially do the same for their own in-house OS's I presume.

    • @moritzwagner4332
      @moritzwagner4332 ปีที่แล้ว +2

      Amazon already tried that. It was shit.

    • @loopernagic4658
      @loopernagic4658 ปีที่แล้ว +1

      The thing with super app is it feels like trying to be an operating system on operating system. If they will make an OS, the features will be like separate integrated apps like Window's Control Panel, Device Manager, etc.

    • @roelvaneyken211
      @roelvaneyken211 ปีที่แล้ว

      @@moritzwagner4332 True, though Amazon is not a super app.

    • @roelvaneyken211
      @roelvaneyken211 ปีที่แล้ว

      @loopernagic4658 For the moment, yes but who knows what the future will bring? It's mainly the micro programs where I see the potential. For now they may be relatively basic compared to standalone apps but as their framework evolves it may become capable of mimicking an actual app experience and if it gets to that level, anything is possible really.

    • @doublinx2
      @doublinx2 ปีที่แล้ว +5

      You severely underestimate the effort it takes to make a new mobile OS. The majority of attempts have been by forking Android, the only recent success (HarmonyOS) started AS a fork of Android, and the local non-Android OSes are either struggling in skunkware labs, pre-pre-pre-orealpha, or even more niche than Android forks.

  • @UsmanX
    @UsmanX ปีที่แล้ว +1

    10:00 - Incorrect, he had no clue what he was doing with confinity, the original X and Paypal. He budged his way into the CEO of Paypal and then was later removed from the board and Peter Thiel was put in charge. He had no experience running Paypal at all

  • @littlejimmy7402
    @littlejimmy7402 ปีที่แล้ว +1

    A "super-app" sounds like a failed marketing term for AOL. I don't think most consumers really want a "curated" experience, "one-size-fits-all" is not a product strategy bound to work in a market full of consumers who historically crave and embrace new choices.
    MElon is not near as intelligent as his marketing. For example, the idea of using "X" as a name for anything in 2023, is such an anachronism. I'm surprised He didn't use "The Smoking Man" as a logo, nothing's as fresh as the X-Files if your ideas haven't matured in the last 25 years.
    Not many are going to be willing to have all their sensitive data in one place as there seems to be little consequence for corporations who skimp on security.

  • @tiagomaqz
    @tiagomaqz ปีที่แล้ว +53

    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.

    • @solivares
      @solivares ปีที่แล้ว +35

      he bought twitter because he was forced to do so

    • @tiagomaqz
      @tiagomaqz ปีที่แล้ว +2

      @@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.

    • @Maddog-xc2zv
      @Maddog-xc2zv ปีที่แล้ว +10

      @@tiagomaqz so, in conclusion, you're agreeing he was forced to. due to his vanity and ego.

    • @tiagomaqz
      @tiagomaqz ปีที่แล้ว +2

      @@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.

    • @TheSpartan3669
      @TheSpartan3669 ปีที่แล้ว +3

      ​@@tiagomaqzHe got cold feet when he recognized that it was a terrible purchase.

  • @Felix-nz7lq
    @Felix-nz7lq ปีที่แล้ว +7

    In my country we just have one payment app supported by all the major banks which just embeds into all kinds of e-commerce and retail in the same way Apple would like you to use Apple Pay. I don't really see it being that more convenient to do all that in the app itself as opposed to clicking the big orange button, being swiped away for 5 seconds and then back again to the original app to have your payment completed.

  • @XenonPrimeSBSV
    @XenonPrimeSBSV ปีที่แล้ว +6

    In most of Europe a super app is kind of dead in the water, most banks have an app that can do everything that venmo etc can do as standard.
    Google pay plugs into most every app so any sort of consolidation is unnecessary, plus each language group is going to have a bevy of it's own apps servicing specific needs.
    I could see India having a super app if it's population were wealthier in general and maybe the US itself might, although I'm not at all familiar enough to be certain.
    I could only see a universal app working in the EU if it were an EU project, most in the EU have a healthy distrust of corporations trying to make themselves ubiquitous.

  • @okaybossiamonyoutubeakkskd
    @okaybossiamonyoutubeakkskd 7 หลายเดือนก่อน +1

    00:05 Super apps have thrived in some countries but failed in others
    02:41 WeChat wallet became a dominant mobile wallet and started the super app age in China.
    05:12 Western attempts at building a super app have failed
    07:29 China has evolved a super app model where WeChat and Alipay act as centralized platforms for all phone brands in the country.
    09:47 Elon Musk wants to focus on building a payments model for his app X.
    12:09 Elon's plan is to growth hack payment options within the app and build a mobile wallet on top of that.
    14:22 Creating a super app integrating payment features into Twitter is a questionable idea
    16:40 Elon Musk's attempt to turn Twitter into a super app may not be the best strategy.
    Crafted by Merlin AI.

  • @maxjames00077
    @maxjames00077 ปีที่แล้ว +1

    I deleted Twitter the day Elon bought it. I can't with this guy anymore. Will never buy a Tesla for the same reason.

  • @arpanbiswasx
    @arpanbiswasx ปีที่แล้ว +10

    Even in india, WhatsApp has UPI but no one really uses that

  • @nehalilisays
    @nehalilisays ปีที่แล้ว +10

    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!

    • @_Feanor_.
      @_Feanor_. ปีที่แล้ว +6

      Should've told them that Bargeld means cash, to make the sarcasm land better

    • @tony_tonelg
      @tony_tonelg ปีที่แล้ว

      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.

  • @thel0rdzee
    @thel0rdzee ปีที่แล้ว +6

    Wouldn't attempting a superapp run into anti-monopoly laws? Trying to have every app in one place would just be asking for an anti-trust lawsuit.

  • @ml.2770
    @ml.2770 ปีที่แล้ว +1

    Turns out a rich troll doesn't understand what normal social media users want in an online experience.

  • @robertfarr9186
    @robertfarr9186 ปีที่แล้ว +1

    Actually Elmo was fired from PayPal because of gross incompetence, if he had stayed he would have driven it into the ground. He only became rich because he didn’t sell his shares in the company until after he left and the adults running the show made it a success. Since then the majority of the companies he has started have been ultimately disasters that quietly disappeared once Elmo lost interest and the media stopped paying attention. Twitter will eventually disappear as well.

  • @stevenkeller3047
    @stevenkeller3047 ปีที่แล้ว +17

    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.

    • @MichaelBrodie68
      @MichaelBrodie68 ปีที่แล้ว +12

      Elon is actually quite dumb, but lucky.

    • @leotamer5
      @leotamer5 ปีที่แล้ว

      Elon has spent his life failing up from the money he inherited.

  • @atypicalprogrammer5777
    @atypicalprogrammer5777 ปีที่แล้ว +17

    So, a super-app is a program which can run smaller programs inside it ... sounds like it's just an operating system running on top of your existing operating system.

    • @tubeincompetence
      @tubeincompetence ปีที่แล้ว +1

      yeah, as the video somewhat said it seems to just be a "Google play store"/"App store" where those aren't available

    • @wamingo
      @wamingo ปีที่แล้ว +2

      a dream within a dream

    • @hanifarroisimukhlis5989
      @hanifarroisimukhlis5989 ปีที่แล้ว +2

      Your browser already does that lol. And btw, it's called virtualization/containerization, not operating system.

    • @Vysair
      @Vysair ปีที่แล้ว

      @@hanifarroisimukhlis5989it's just webview lol and Google actually have something similar called Instant on Play Store

    • @jal051
      @jal051 ปีที่แล้ว

      @@hanifarroisimukhlis5989 I call it layers of slowliness.

  • @georgebals5170
    @georgebals5170 ปีที่แล้ว +9

    Why in tarnation would someone use Twitter/X as a payment thing when Revolut and other options already exist?

    • @genichiroashina1
      @genichiroashina1 ปีที่แล้ว

      Marketing tars marketing, oppo ceo has said it marketing can change anything!

    • @hanifarroisimukhlis5989
      @hanifarroisimukhlis5989 ปีที่แล้ว

      One potential niche is low to zero payment fees. Those apps are very expensive compared to even third-world payment network.

  • @powerlinkers
    @powerlinkers ปีที่แล้ว +2

    he just destroyed twitter with mandatory subscription

  • @fredrik3685
    @fredrik3685 10 หลายเดือนก่อน +1

    Elon failed!?
    But Hyperloop.....?
    The submarine to save kids trapped in an underwater cave in Thailand?
    Mars exploration?
    LVCC Loop?
    Solar Roof?
    Tesla Roadster?

  • @brocarter5257
    @brocarter5257 ปีที่แล้ว +4

    Super apps are explicit monopolies which is very not the way to do things in the US. But big tech splits up apps to avoid the look of a monopoly in the digital space

  • @GeneralGayJay
    @GeneralGayJay ปีที่แล้ว +4

    A single app collecting alot of information is dangerous.

  • @methanesulfonic
    @methanesulfonic ปีที่แล้ว +21

    With how tight the law about these kind of things are in US, I dont think it will happen anytime soon.

    • @FarmYardGaming
      @FarmYardGaming ปีที่แล้ว +1

      Do you think the EU might slap this down too?

    • @hanifarroisimukhlis5989
      @hanifarroisimukhlis5989 ปีที่แล้ว

      @@Lionel-zd8rb Yes, they both done it with tens of thousands of employees working over multiple year. Regulation and red tape in general might not stop you entirely, but it sure does burn your money.

  • @Blarg
    @Blarg ปีที่แล้ว +2

    That branding looks like a super villain app

  • @doubleecpu7180
    @doubleecpu7180 ปีที่แล้ว +2

    not super app more like surveilance app. Those apps fail cause most people don't want to be data

  • @duncandisorderly9445
    @duncandisorderly9445 ปีที่แล้ว +6

    Just the breakdown on how much it would save him if he just built a new company from scratch is bloody sobering…

  • @jimmiejohnsson2272
    @jimmiejohnsson2272 ปีที่แล้ว +6

    My bet is that in order to get this thing off the ground he would need to pay other established businesses to go exclusive with his payment system, or pay users to onboard them. No one will care about yet another payment service otherwise. I would expect it to be a very expensive and risky project and with loads of competition out there to kill it off. I would be very surprised if he manages to get anywhere near what he is saying

    • @kingofhearts3185
      @kingofhearts3185 ปีที่แล้ว

      I guess offering a sign on bonus and some discounts would be a good place to start, but retention past the first month would be a challenge.

  • @Shteca
    @Shteca ปีที่แล้ว +4

    Theoretically I could become a unicorn. Not likely, but still theoretically possible. Bit like Elon, he could take over 50% of the banking system.

    • @brandonporter550
      @brandonporter550 ปีที่แล้ว

      Well you haven’t done anything of note, so not sure why I must listen to you.

  • @juanpablorobayo9891
    @juanpablorobayo9891 ปีที่แล้ว +2

    So, lets say you have a super app and there's a data breach. I don't get information about a person for one thing--i get it for ALL the things. If you have a chatting app and its somehow also a video app like youtube, a banking app connected to your actual bank, and a grocery app, you could get:
    --data about a person's tastes, political leanings and personal beliefs based on their videos
    --data about their purchasing history, the foods they like and dislike, the things they've bought irregularly meaning those are special purchases
    --financial account information
    --their social circle, who's their friends, who they talk to most, what pictures or videos they send each other
    etc etc.
    And fromt his, you could extrapolate an insane amount of things about a person, to the point where any idea of privacy is rendered null. Now, this could still happen with a bunch of decentralized apps for many different reasons, but the idea that theres a single company that has all this data is just too much.

  • @Steve-lb2gm
    @Steve-lb2gm ปีที่แล้ว +1

    When your ego costs you $44B its probably time to figure you shouldn't have an ego.

  • @dsnodgrass4843
    @dsnodgrass4843 ปีที่แล้ว +33

    Gonna be hard as hell for old Musky to make anything if he doesn't pay his rent on the buildings his company is lodged in. Or his server bills. Or if he loses the pile of lawsuits against him bc of his antics.

    • @brandonporter550
      @brandonporter550 ปีที่แล้ว

      Pretty sure he’s gonna be fine as much as that pisses you off

    • @alexwinter3752
      @alexwinter3752 ปีที่แล้ว

      @brandonporter550 Found the Elon fanboy

    • @wai828
      @wai828 ปีที่แล้ว +3

      @@brandonporter550 Pretty sure he’s not gonna be fine as much as that pisses you off.

  • @ijnebzor
    @ijnebzor ปีที่แล้ว +19

    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.

    • @mhfs61
      @mhfs61 ปีที่แล้ว +1

      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.

    • @SongwritingDeconstructed
      @SongwritingDeconstructed ปีที่แล้ว

      @@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

  • @wethermon
    @wethermon ปีที่แล้ว +39

    If I had to chose at gun point I would rather sell my data to meta than have it in the hands of Elon, but given I got a choice both can 🖕.
    Wonderful video as usual.

    • @pneumonoultramicroscopicsi4065
      @pneumonoultramicroscopicsi4065 ปีที่แล้ว +4

      They both have your data

    • @ContraVsGigi
      @ContraVsGigi ปีที่แล้ว +7

      True. Elon shows zero values one would need for such trust. He criticised AI and asked for slowing it down for a while and next day we found out that he bought thounsands of graphics cards for AI; others should slow down so he has time to catch up. There are many examples that make me wish this stays his wet dream. These days I trust Zuck way more and that says a lot.

  • @matthewzz1997
    @matthewzz1997 หลายเดือนก่อน

    I gotta say this channel is just super high quality. Please keep it up!

  • @Riiludragon
    @Riiludragon ปีที่แล้ว +1

    super apps are bad, it's bad enough with how google is everywhere, if it was all one app it would be just terrible.

  • @Ps1woman
    @Ps1woman ปีที่แล้ว +3

    Elon Musk I've said again is proof you don't need to be intelligent to be successful you just need to be born into a rich family and be a big talker or a rambling man people mistake for knowing what he's doing.

  • @nihalgosala6145
    @nihalgosala6145 ปีที่แล้ว +5

    6:38 he is truly a German.
    IYKYK.

    • @peternrdstrm
      @peternrdstrm ปีที่แล้ว +3

      He's actually a Hungarian living in Germany

    • @hazedcube
      @hazedcube ปีที่แล้ว +1

      Inglourious Basterds!

  • @ShreyanshJindal
    @ShreyanshJindal ปีที่แล้ว +3

    Love your analysis. I would request you to make a video on India's UPI and Aadhaar authentications for just about anything. We don't have to sign any documents nowadays for opening demat or bank accounts and many more.

  • @Atmatan
    @Atmatan ปีที่แล้ว +2

    Problem is we already have a super app.
    It's called an 'operating system' and it lets you run other software without feature creep bloating it out :)

  • @helloitismetomato
    @helloitismetomato ปีที่แล้ว +2

    "Elon warps reality around him"
    in the sense that he lowers the average IQ of any room he enters, sure.

  • @JLDREAMS
    @JLDREAMS ปีที่แล้ว +8

    Without watching the vid, I predict the reason superapps work in some areas and not others is because of government backing

  • @jomalsanish
    @jomalsanish ปีที่แล้ว +3

    Most of the features available on paytm are available on any other payment app in India. So for most people gpay and paytm means the same.

  • @mh-rl4sz
    @mh-rl4sz ปีที่แล้ว +4

    I just dont want that one app know to much about me.

  • @CarbonMalite
    @CarbonMalite ปีที่แล้ว +2

    Can't exactly have a superapp when its leader keeps attempting to remove basic features like security and user filtering and upvoting

  • @satmuts
    @satmuts 10 หลายเดือนก่อน +1

    isn't too early to call it "failed attempt" the guy hasn't started yet and the payment side of X hasn't been implemented yet and you call it failed ?

  • @X_mano
    @X_mano ปีที่แล้ว +4

    Instead of buying Twitter he could have just make a brand new app, he has the money to do so and fame to attract a lot of faithful followers(at least 5mil)

    • @lvutodeath
      @lvutodeath ปีที่แล้ว

      He bought the users. Gaining users from 0 is more expensive than just buying it.

  • @airdee
    @airdee ปีที่แล้ว +7

    as long as he has his name connected to the X app, half the people wont use it just as a principle .

    • @elon6131
      @elon6131 ปีที่แล้ว +2

      Nah, nobody quit whatsapp because facebook. if you can get half the population to use it, the rest will have to follow.

    • @joser1853
      @joser1853 ปีที่แล้ว +3

      @@elon6131 simp

    • @elon6131
      @elon6131 ปีที่แล้ว +3

      @@joser1853 "Oh no, scary facts that don't match my worldview. quick! insult that person and thoroughly erase those facts from my brain, lest i learn something new accidentally"

    • @Dani-kq6qq
      @Dani-kq6qq ปีที่แล้ว

      ​@@elon6131But people hate Musk more than Facebook

    • @dirtypure2023
      @dirtypure2023 ปีที่แล้ว

      ​@@joser1853hater

  • @DELZOR
    @DELZOR ปีที่แล้ว +4

    Interesting. You could say the Apple and Android app stores are already super-apps themselves. Pretty much all cash flow is going through them and their 30% cut.
    I dislike this model as I feel like it gives too much power and is completely incompetable against.

    • @kingofhearts3185
      @kingofhearts3185 ปีที่แล้ว

      Google is a just a fragmented super app if you think about it. Chrome, youtube, search, payments, pixel phones, chromebook laptops . My highschool issues them to all students so we're all at least familiar with them, even if they're not popular otherwise. If you search all google products you'll see a list that only scrapes the surface

  • @cherubin7th
    @cherubin7th ปีที่แล้ว +1

    Time for a super mini program inside the super app, so that the user has to open an app inside an app inside an app inside an app to access their apps, that is inside this app. Superapp is useless to the user and only done to enforce a monopoly.

  • @edhahaz
    @edhahaz ปีที่แล้ว +1

    So wechat is google play. What's so interesting about it ?

  • @Rudenbehr
    @Rudenbehr ปีที่แล้ว +14

    It's interesting to know what goes on in China besides the hysteria. Thanks for these informative videos!

  • @fiddley
    @fiddley ปีที่แล้ว +3

    Seems so pointless having an app with loads of apps inside it. That's what the OS is for 🤷‍♂

  • @apinakapina
    @apinakapina ปีที่แล้ว +4

    In addition to the absurd starting point, there's also an uphill battle because everyone who wants it probably has a payment app already. In Finland a Danish app is so ubiquitous that people are almost expected to just have it, and it's the default peer to peer option.

  • @gdutfulkbhh7537
    @gdutfulkbhh7537 ปีที่แล้ว +1

    Elmo fails again. What a surprise! The guy’s a fool.

  • @elonnut
    @elonnut 9 หลายเดือนก่อน +1

    Super apps just seem like bobbled operating systems kinda of a cool concept but messy and controlling in the long run

  • @desiredditor
    @desiredditor ปีที่แล้ว +7

    Paytm is not that sucessful in india as well. Amazon pay also exist and so does cred

    • @ireallydontknowifiamhonest
      @ireallydontknowifiamhonest ปีที่แล้ว +3

      PayTM used to be quite successful but I suppose the open nature of UPI kinda threw off it's balance in the market

    • @shreyvaghela3963
      @shreyvaghela3963 ปีที่แล้ว

      it's not a failure. it's just that it has competitors.

  • @thelakeman2538
    @thelakeman2538 ปีที่แล้ว +6

    Paytm is not even the dominant application in it's core payments space, being a distant third in UPI transactions at 13% in Jul 2023, compared to 35% of google pay and 47% of phonepe, the latter two also have a lot of the same features as paytm and even the whole instant apps stuff. Paytm still has things like an ecommerce store and its own bank unlike its competitors but with the applications of many traditional banks also going down the same route and there ecommerce platform isn't that big either.

  • @miroslavmilan
    @miroslavmilan ปีที่แล้ว +3

    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.

  • @sohrobby
    @sohrobby ปีที่แล้ว +1

    Not interested in anything that clown is a part of anymore. Deleted my Twitter account as soon as he bought the company.