Elon Musk & Linda Yaccarino plan to launch X, a social media platform, to compete with YouTube, LinkedIn, and Cision PR Newswire, with unknown features.

• Musk and Yaccarino disclosed their intention to establish XWire, a news wire service that would compete with Cision PR Newswire.
• The forthcoming features of the platform, including payments, audio and video conferencing, and community notes, are highlighted.

Elon Musk and Linda Yaccarino, executives of X, unveiled future plans to X employees and the community on Friday, commemorating one year since Musk acquired the social media titan Twitter.

Elon Musk identified online platforms such as LinkedIn, YouTube, and Cision PR Newswire as prospective rivals of X as the development of X, an all-encompassing application, progresses. The one-year anniversary of X under new ownership and management occurs on October 27.

Yaccarino and Musk Announce X’s Upcoming Enterprise

During an internal meeting on October 27, CEO Linda Yaccarino and owner Elon Musk identified YouTube and LinkedIn as prospective competitors, according to a report by Bloomberg.

Additionally, Musk and Yaccarino disclosed their intention to establish XWire, a news wire service that would compete with Cision PR Newswire. Already, X is recognised as the preeminent platform for developing and debating news. Currently, X is where the crypto community is most active on Twitter.

Users are anxious to utilise X despite the fact that its competitive business model and the specific new features it will incorporate regarding YouTube, LinkedIn, and PR Newswire remain unknown.

Additionally, the May appointment of Yaccarino this year was a calculated move to concentrate on partnerships and advertising. X has made strides in advertising and establishing new partnerships since that time. After advertisers deserted the platform and Musk fired the majority of the social platform’s executives, the action was taken.

Recent X Features

In addition to fostering brand partnerships, encouraging the creator economy, and promoting unfettered expression, X has implemented a number of new features.

In her most recent blog post, Linda Yaccarino reflects on the platform’s expansion and progress over the previous year. The forthcoming features of the platform, including payments, audio and video conferencing, and community notes, are highlighted.