In a recent conversation that caught the attention of tech enthusiasts, Elon Musk, the CEO and owner of X (formerly known as Twitter), casually hinted at an upcoming major update while chatting with a prominent member of the Dogecoin (DOGE) team.
The conversation started when the Dogecoin designer proposed retiring the well-known birdhouse icon that currently represents the “home” feature on X. In response, Elon Musk simply said, “We will,” hinting at forthcoming changes.
This isn’t a major shock, considering how determined the new owner is to remove anything connected to the old X identity.
— DogeDesigner (@cb_doge) September 24, 2023
Reshaping X Under Elon Musk’s Leadership
Since Elon Musk acquired Twitter about a year ago and rebranded it as X, he has been actively working to redefine the platform’s identity. An iconic change was replacing the familiar bluebird logo with the letter “X,” a move that generated considerable discussion and debate.
Under Musk’s guidance, X is undergoing a transformation from a microblogging platform into a super app. This vision involves integrating financial services such as payments and banking directly into the platform. To facilitate this transformation, X has secured money transfer licenses in multiple U.S. states, including Arizona, Missouri, and Georgia.
One of the latest initiatives under the new leadership is considering the introduction of a “small monthly fee” for users, primarily aimed at addressing issues related to bots and spam. Musk believes that a subscription-based model offers a practical solution to combat the persistent problem of automated accounts.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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