Harambe:  The beginnings of the most powerful FinTech company in the world – From Twitter to X Corp


The (breaking) news 🗞 Elon Musk just killed Twitter. Twitter Inc. no longer exists 🤯

It’s now X Corp., which is another step towards the Everything App, or what could be the most powerful FinTech company in the world.

Let’s see what it means and why it’s a big deal.

More on this 👉 A filing in the Southern District of Florida shows that Twitter Inc. has been merged with X Corp. and now Twitter as we know it no longer exists.

The new phase of Twitter will be X Corp., which will run on a vision laid out more than 20 years ago.

A step back 🔙 Everything goes back to the days of, an online bank Elon Musk co-founded with Harris Ficker, Christopher Payne, and Ed Ho in 1999. The company later became PayPal PYPL 2.32%↑, which today is one of the biggest and most important payment companies in the world.

Despite the merger, Elon’s sentiment for X always remained, and now might be the best time to make it happen. But on a much bigger scale.

The master plan.  That’s why the CEO of Tesla TSLA 0.94%↑ and SpaceX bought Twitter in October 2022 and described his acquisition as “an accelerant to creating X, the everything app”.

A month later, Musk said he will execute the X product plan “with some improvements” which will make Twitter “the most valuable financial institution in the world.

The potential With 238 million users, the social media giant could definitely be transformed into an app that does everything.

Not only it could become the first Super App of the West. More importantly, Twitter can become the Super App PayPal, Klarna, and Revolut always dreamed of.

WeChat, the gold standard of Super Apps, today has 1 billion users and brings together social networking, payments, e-commerce, games, news, events, shopping, etc. all in one place.

And it started as a messaging app. Just like Twitter.


WTF?! What the FinTech? First, let’s zoom out for a sec. We first must understand that all-in-one platforms aka Super Apps are super convenient for users. Given they control every aspect of digital consumers’ lives, it simply means that a dependency on advertising isn’t required. And this has been a massive challenge for platforms like Twitter or Facebook since 97% of their revenues come from ads.

Yet, while appealing this all comes at a cost. You need heavy investments towards building and growing the platform and only a massive scale could justify your business economics. More importantly, regulators in the US and Europe won’t be keen on a single app achieving too much dominance in the market.

But Twitter has an X Factor, and his name is Elon Musk. And he’s an entrepreneur who’s always serious about building something much much bigger. More importantly, everything depends on the execution – WeChat or AliPay didn’t become Super Apps overnight.

And the groundwork is already being laid out – earlier this year, Twitter reportedly began applying for regulatory licenses in the U.S. while also developing software to add payment functions to its platform.

Whether or not Musk pulls this off, it’s undoubtedly one of the most interesting FinTech developments ever. In fact, it’s much more than that – we’re witnessing the beginnings of the most powerful FinTech company in the world.



Pimpy  Article:  “Sudan Advisor:  Central Bank succeeded in Increasing the strength of the dinar and began to approach the parallel price”  This is good news.  We like for them to continue to strengthen the dinar…this is awesome news.  That what you want to hear.  Let’s hope Iraq continues to do exactly that – strengthen the Iraqi dinar.

Frank26  [Iraq boots-on-the-ground report]  FIREFLY:   Today we hear they are working on the monetary items to improve our exchange rate.  This is getting exciting.  Everyday they’re giving us more and more information.  It’s pretty obvious of what’s about to happen.   Now they are telling us the exchange rate is moving from 1460 to 1132.  FRANK: …don’t worry about the exchange rate…The program rate is reducing down to 1130.  None of that matters.  What matters is the Iraqi dinar is being mirrored to the USD, de-pegged and put into an international will launch the Iraqi dinar into a brand new stratosphere..

Global Bond Yields DROP. Inflation Continues To Rise. PLUS IMPORTANT UPDATES.

Greg Mannarino  4-12-2023

 Nobel Laureate Eugene Fama on Dollar Collapse Fears, Hyperinflation, and Beating Markets

David Lin:  4-12-2023

Eugene Fama is the Robert R. McCormick Distinguished Service Professor of Finance at the University of Chicago’s Booth School of Business.

He shared the Nobel Prize in Economics in 2013 for his work on asset pricing. Most famous for developing the Efficient Market Hypothesis, Fama discusses stock market pricing, evaluates technical analysis, and comments on popular fears surrounding hyperinflation and dedollarisation.

0:00 – Intro

1:00 – Winning the Nobel Prize in 2013

2:36 – Beating the markets

7:30 – Efficient Market Hypothesis

10:30 – Technical analysis

12:30 – Value investing

16:14 – Retail traders and market efficiency

18:39 – Black Swan event

20:26 – Best investing strategy

21:35 – Artificial intelligence and investing

24:00 – The Fed’s ‘experiment’

27:00 – Modern Monetary Theory

29:00 – Fiscal theory of the price level

29:57 – Dollar collapse

36:12 – Return to the gold standard?

37:30 – Hyperinflation

38:40 – Eugene Fama’s advice to young people