Elon Musk To Introduce New Products That Will Challenge YouTube And LinkedIn

Published on: 02 November 2023 Last Updated on: 11 September 2024
Elon Musk To Introduce New Products That Will Challenge YouTube And LinkedIn

The social media site X formerly known as Twitter, has said that YouTube and LinkedIn are future competitors while they pursue new business lines in video and hiring.

Elon Musk, owner, and Chief Executive Officer Linda Yaccarino have called out the social media sites during an all-company meeting on Thursday. The company commemorated Musk’s one-year anniversary of his takeover on Twitter Inc. The duo has also revealed plans to create a news wire service called Xwire, which will be going up against Cision’s PR Newswire.

The meeting was a first of its kind as they addressed the company together. The latter was hired as the company CEO in May and crossed over from NBCUniversal. She was in charge of the partnerships and advertising.

Yaccarino has been focused on rebuilding relationships with advertisers, while Musk has been revamping the product itself, according to the report. He introduced premium subscriptions, redefined account verification, and implemented a community-driven fact-checking system called Community Notes.

Musk being the world’s richest man, has closed a $44 billion deal to buy Twitter on October 27 last year. He fired most of the executives and cut or sparked resignations from most of the employees. Advertisers have fled the platform and are not showing signs of wanting to come back. Both the executives have touted record amounts of time spent on the platform, counting 500 million users. However, some third-party estimates have revealed the numbers have gone down since last year.

In a Thursday post on the social media platform, the X account said the platform has added more than 100 features over the last 12 months while giving users a chance to weigh in and suggest ideas.

The post on X read, “Our goal is simple: to make X the coolest and most enjoyable place on the internet. This includes maximizing prosperity for content creators, enabling better/more authentic conversations, and giving you more tools to express yourself.”

Read Also:

Rishab Dey is passionate about SEO. He has more than 2 year of experience in Seo. Apart from Seo he is interested in Social Media Marketing, loves to create unique designs and is also an expert in Drawing. In his free time, he loves to play video games and watch movies.

View all posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Related

Apple Settles Lawsuit for $25 Million Over Family Sharing

Apple Settles Lawsuit for $25 Million Over Family Sharing Feature Misrepresentation

In a recent development, tech giant Apple has agreed to pay a substantial $25 million to settle a 2019 class-action lawsuit, accusing the company of misrepresenting its Family Sharing feature. Despite Apple denying any wrongdoing, the settlement addresses allegations that the company falsely portrayed the capability to share app subscriptions within family groups. Apple’s settlement case is making headlines following Facebook. The lawsuit contended that a significant portion of subscription-based apps, a growing segment on the Apple platform, couldn't be shared among designated family members, contrary to the representation made by Apple. Court documents revealed that these apps were exclusively available to individual users who downloaded and subscribed to them. The court documents emphasized, "The vast majority of subscription-based apps, which is a growing percentage of Apple Apps, cannot be shared with designated family members." This revelation challenges Apple's previous assertion and sheds light on a potentially misleading practice. Furthermore, the documents highlighted that despite the awareness that subscription-based apps did not support Family Sharing, Apple continued advertising these apps' features. This advertising strategy may have led millions of consumers to download subscription-based apps, assuming they were shareable within family groups, only to discover otherwise after making payments. While settling the lawsuit, Apple maintains its denial of misrepresentation or wrongdoing. The $25 million settlement resolves the class-action suit, concluding the legal dispute over the Family Sharing feature. This development raises questions about the transparency of subscription-based apps on Apple's platform and the need for clearer communication between the tech giant and its users. As the landscape of app usage evolves, consumers may become more vigilant about the representations made by tech companies, ensuring that advertised features align with actual functionalities. This settlement serves as a reminder for consumers and tech companies to maintain transparency and accuracy in representing features and functionalities, fostering trust in the dynamic world of digital platforms. Read Also: Time Magazine Names Taylor Swift The 2023 Person Of The Year This Is Why Taylor Swift Sends Kelly Clarkson Flowers After Every Re-Recording Selena Gomez Gets A Kiss From Bestie Taylor Swift In Latest Birthday Instagram Post

READ MOREDetails
AI Coaching Comes To LinkedIn Learning

AI Coaching Comes To LinkedIn Learning: AI-Powered Innovations To Revolutionize Recruitment And Training  

In a bid to adapt to the ever-evolving demands of the workforce and the expanding strategic role of HR departments, LinkedIn has recently unveiled a range of AI-powered products. This strategic move is in response to a survey that revealed a staggering 90% of HR professionals now perceive their roles as increasingly strategic over the past year. While the job hunting platform has many features that can make life easy for the users, like the open-to-work feature or the QR code, this one is a great boost for the platform combining the technology and AI innovations. LinkedIn's revolutionary Recruiter 2024 tool harnesses the power of AI, drawing from a vast repository of internal data encompassing more than 950 million professionals. The aim? To swiftly identify qualified job candidates that extend beyond the usual suspects. One of the standout features of Recruiter 2024 is its ability to decipher your candidate requirements in plain, natural language. No longer will HR teams need to invest precious hours in laborious manual searches. Instead, the AI effortlessly generates suitable candidates. https://twitter.com/lazi_tech/status/1709463363431116899?s=20 But that's not all. The AI-driven wizardry goes further by suggesting alternative locations, relevant skills, and remote work options, effectively broadening your talent pool. This bold move is a departure from the traditional reliance on well-known brand-name companies. Instead, it's all about tapping into candidate insights, gauging their willingness to work, and matching them with companies that align with their values. As per, Search Engine Journal, LinkedIn is also breaking new ground with the introduction of CRM Connect. This innovative integration bridges the gap between Recruiter and existing candidate relationship management systems, further streamlining the hiring process. LinkedIn Learning is also undergoing a transformation with the infusion of AI-powered coaching. Delivered through an intuitive chatbot interface, this feature offers tailored advice, finely tuned to individual job titles, career aspirations, and skill sets. Initially, the focus of this AI-powered coaching tool is on leadership and management skills. However, LinkedIn has ambitious plans to expand its scope, encompassing a broader spectrum of areas, thereby providing comprehensive support for professional development. Currently, Recruiter 2024 and AI coaching on LinkedIn Learning are in the pilot phase, accessible to a select group of customers. The roadmap, however, is clear: LinkedIn intends to roll out these innovations to all Recruiter and Learning Hub customers throughout the year.LinkedIn's latest endeavors signal a bold step into the world of AI-driven solutions, aimed at bolstering HR and learning and development professionals. With these groundbreaking tools at their disposal, the future of recruitment and training is looking brighter than ever. Stay tuned as LinkedIn continues to push the boundaries of what's possible in the professional landscape. Learn More About: How To Keep Up On The Latest News? Facebook Blueprint: Building A Strong Foundation For Social Media Advertising

READ MOREDetails
Youtube's Ad Sales For Q3 Fy23 Surged By 12.5%

Youtube’s Ad Sales For Q3 Fy23 Surged By 12.5%, Reaching Nearly $8 Billion

All those pesky YouTube Ads are turning out to be a boon for YouTube. For the end of the quarter on September 30, 2023, tech giant Alphabet, the parent company of Google, reported a total ad revenue of $59.6 billion. The ad revenue touched $44 billion, which was brought in by Google’s search business, which marked a hike of 11.3 %. YouTube has generated $7.95 billion in ad revenue for Q3 2023. It has been a 12.5% increase from the previous year. The corporation has credited the positive outcome to brand and direct-response advertising. The total ad revenue for the company has grown by 9.5%. The ad revenue in the previous year had been a far lesser number- a mere 1.9% since 2021. At an investor call, Sundar Pichai, CEO of Google, reported that daily views for the short-form video platform have increased significantly. YouTube Shorts has increased in views to 70 billion per day. It was 50 billion earlier this year. He even added that the company is planning to introduce enhancements for Shorts, including AI-powered editing tools along with other features. In his statement, he said, “I’m pleased with our financial results and our product momentum this quarter, with AI-driven innovations across Search, YouTube, Cloud, our Pixel devices and more. We’re continuing to focus on making AI more helpful for everyone; there’s exciting progress and lots more to come." Google has registered a total profit of $19.7 billion for the third quarter of 2023. It marks a 46% increase from that of Q3 of 2022. The company’s total revenue has reached $76.7 billion (11%). Google’s cloud computing services, Google Cloud, have also seen an increase in profit margins due to increased business in AI training tools. It marked a growth of 22% year over year in revenue. Interestingly, Google Cloud’s performance in Q3 revenue of $8.41 billion fell short of investor expectations. It missed the planned  $8.64 billion. Alphabet is even facing an antitrust trial, where it has been alleged of monopolistic practices in search dominance. This has led to Alphabet’s shares declining over 6% in after-hours trading, despite YouTube’s otherwise strong performance. Read Also: Whatsapp Drops Support For Android KitKat: Latest Updates WhatsApp Is Testing Pinning Feature With Specific Timeframe Manish Rawat's Zinmatt Is Making Learning Free And Accessible

READ MOREDetails