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RivalSense tracks the most important product launches, fundraising news, partnerships, hiring activities, pricing changes, tech news, vendors, corporate filings, media mentions, and other developments of companies you're following 💡

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X

🌎 x.com

X is a software development company that owns the social networking service X (formerly known as Twitter). It provides tools, resources, and APIs for developers and businesses to integrate and expand their impact through social media. The platform focuses on real-time and historical social data, enabling businesses to monitor trends, engage with users, and utilize AI-powered advertising.

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X - Latest News and Updates

• X is expanding its in-app payment capabilities with 'X Money' expected to launch in 2025, despite withdrawing its application for a New York license due to legal issues.
• X, led by CEO Linda Yaccarino, plans to launch X TV, a streaming platform, and X Money, a financial service, in 2025 as part of its strategy to become an 'everything app.'
• X has not applied for the ASPC licence because it claims not to meet the minimum user requirement of eight million, which MCMC is reviewing.
• X plans to become a super app by 2025 with the introduction of X Money, X TV, and deeper AI integration, aiming to compete with platforms like PayPal.
• X will participate in CES in Las Vegas next week to update Japanese customers on their latest products, with a keynote by Linda.

• The Chicago Transit Authority has deactivated its X social media accounts, formerly known as Twitter, as of January 3, 2025.
• X reported a 40% year-over-year increase in video views, emphasizing the importance of video content for user engagement in 2025.
• X, recently acquired by Elon Musk, has rapidly grown its user base by championing free speech and transparency, rivaling giants like Facebook and Twitter in daily active users.
• X's interview process is criticized for being disorganized, with frequent job description changes and ghosting of candidates, leading to negative experiences for many applicants.

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