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So Elon's a "visionary" who wants to turn X into a single website where you can do everything — kinda like Yahoo! (aus.social)

submitted 1 year ago by ajsadauskas@aus.social to c/technology

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So Elon's a "visionary" who wants to turn X into a single website where you can do everything — kinda like Yahoo!

He wants his new MySpaceX portal to be a website...

Where you can message people: https://en.m.wikipedia.org/wiki/Yahoo!_Messenger

Where you can stream audio: https://en.m.wikipedia.org/wiki/Broadcast.com

Where you can stream videos: https://en.m.wikipedia.org/wiki/Yahoo!_Screen

Where you can create social media posts: https://en.m.wikipedia.org/wiki/Yahoo!_360%C2%B0

Where you can manage your finances: https://en.m.wikipedia.org/wiki/Yahoo!_Finance

Where you can share photos: https://en.m.wikipedia.org/wiki/Yahoo!_Photos

Where you can earn money publishing content: https://en.m.wikipedia.org/wiki/Yahoo!_Publisher_Network

Where you can find a job: https://en.m.wikipedia.org/wiki/Yahoo!_HotJobs

Where you can buy and sell stuff: https://en.m.wikipedia.org/wiki/Yahoo!_Auctions

Yes, ladies and gentlemen, this truly is a vision for the future — if by "the future" you mean 1997.

#tech #technology #twitter #X #musk #ElonMusk @technology #yahoo

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[–] FullOnElectric@mstdn.ca 10 points 1 year ago (1 children)

@Lockpro @ajsadauskas @technology oh, it isn’t unique, but X.com has been in Elon’s head since 1993 when he worked for the Bank of Nova Scotia for a summer job assistant to the VP Strategic planning. It was’nt BNS’s plan, but Elon’s to put every banking function online. A few years later #Xcom was operating in SiValley, but Elon’s Board lost confidence in his grand design, and removed him as CEO. ../2

[–] FullOnElectric@mstdn.ca 14 points 1 year ago

@Lockpro @ajsadauskas @technology

Instead they focussed on payments only, which was the plan of a failing startup that merged with X.com a few months earlier - it was operating down the hall from X.coms small 2nd floor office. The name of that startup ended up replacing X.com’s — PayPal.

In 2003 PayPal was sold to EBay and Elon’s share of the sold company funded his investment in two new startups, Tesla, and SpaceX. His share after tax was USD $300M.