Hi everybody, and welcome back to another episode of the Elon
Musk Podcast where we talk tech, entrepreneurship and the future.
Now in this episode, we're focusing on Elon Musk's recent
venture into live streaming via X, the social media platform
formerly known as Twitter. Recently, Elon Musk spent an
evening playing Diablo 4, giving the public a glimpse into how he
unwinds after his work hours. Now, more importantly, the
experience doubled as a trial for X's new live streaming
feature, which could potentially extend the platform's reach into
the lucrative world of online gaming.
And Elon Musk has never been secretive about his love for
video games. In a recent event, he took this
affinity to a new level by showcasing his gaming setup
while testing X's new live streaming feature.
In a setup snapshot shared a day before the live stream, Musk
presented a Logitech mouse and a massive curved monitor as part
of his gaming arsenal. The atmosphere was set by a
large candle that lit the room and Elon perched in a razor
gaming chair, setting the mood for a deep dive into Diablo 4.
Now what this reveals is more than just Musk's passion for
gaming. This is the man who also spends
non working hours with his friends or children.
And according to Walter Isaacson's biography, he has
even played Eldon Ring until 5:30 AM.
It's a holistic view of Musk, the entrepreneur who also knows
how to unwind. Now as with any new technology,
there are kinks to work out. This 1st 10 minutes of the live
stream were not entirely smooth. Musk kept checking with Shivan
Sillis, a Neuro Link executive and the mother of two of his
children, to confirm if the feed was live.
It's currently way too hard to do this.
It took like hours to set this up, so we need to make it just
effortless, Musk commented. What's notable here is Elon
Musk's emphasis on user experience.
He's clearly aware that for live streaming to be viable on X, it
has to be as simple as possible for the users.
So while this may have been a test, it was also an exploratory
mission into how to simplify and perfect the experience for a
broader audience. Now during the stream must
clarify the unique feature of X's live streaming capabilities.
Only a user subscribers can comment during the live stream.
Compared to platforms like Twitch, where streamers have the
option to allow comments from everyone or just subscribers, X
is going to be more focused on interaction.
Now Elon Musk seemed to endorse this feature, stating it allows
for a more direct conversation among subscribers.
It offers a controlled environment where discussions
can happen without the often overwhelming and distracting
noise found in more open commenting system.
This could be appealing for influencers or business leaders
who prefer a more curated interaction with their audience.
And the business implications for X are becoming increasingly
interesting, especially with notable investors like Bill
Ackman throwing their hats into the ring.
Ackman recently revealed that he's already a supporter of X
through a $10 million investment via his firm's foundation.
He further expressed interest in possibly taking X Corp public.
Though there hasn't been direct communication with Musk on this
matter as of yet, Ackman's interest underscores the
transformation that X is undergoing.
His investment firm, Pershing Square, received regulatory
approval for a new class of special purpose acquisition
companies known as Sparc or Spark, and with this investment,
Ackman could commit as much as $2 billion to a transaction
involving X. This shows not only his faith in
the platform's potential, but also indicates that big
financial moves could be on the horizon for Elon Musk's social
media platform. Now it's not worthy that Ackman
perceives acts as a very difficult to disrupt asset.
He has seen first hand. The approve as Musk has made to
the platform and believes that it could diversify into various
lines of business. With live streaming now added to
access feature set, the platform seems to be expanding beyond its
original scope, becoming a more versatile player in the digital
space. And while Ackman's plans are
still in the hypothetical stage, his words carry significant
weight in the investment community.
Should a deal between Musk and Ackman materialize, it would
signify a strong vote of confidence in the evolving
vision for X. It can provide the much needed
financial backing to tackle the platform's existing challenges,
including a considerable debt load, thereby setting the stage
for X's new growth chapter. Now, even as X explores these
new streaming frontiers, it faces substantial challenges.
Among these are crushing debt load and fierce competition from
platforms like Meta, who already have live streaming on most of
their platforms. Advertising dollars have not yet
returned to pre acquisition levels and despite new CEO Linda
Yonkarino's reputation, the financial metrics are
struggling. However, let's not forget that
Elon Musk specializes in solving hard problems.
X Tesla. He's always up for a challenge,
and with Akman possibly providing a financial boost in
Musk's ingenuity, Musk might just find a way to redefine
social media and earn a profit. Now that wraps up another
episode of the Elon Musk Podcast.
We've covered a lot today, Elon Musk's foray into live streaming
and gaming, and the future of business prospects for X.
And we bring you these episodes every single day.
So if you want to know what's going on in any of Elon Musk's
companies, we do in under 10 minutes.
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