š Super apps dominate in some countries, but have failed in Western countries.
š± China's WeChat is a successful super app with over a billion users.
š” Elon Musk aims to build a successful super app called X.
ā”ļø WeChat's launch of the super app in China revolutionized the combination of payments and messaging into a single app, leading to the success of mini programs with millions of active users.
š± The super app model quickly spread across other countries, with domestic and international companies replicating the concept to consolidate multiple services into one app.
š Despite its success in some regions, the super app phenomenon failed to gain traction in many countries, particularly in the western market.
š” Attempts at building a Western super app have failed.
š” There are three different definitions of super apps.
š” WeChat and Alipay are the only successful true super apps.
š± The super app model consists of three types: platform-based, local services, and payments.
š Platform-based super apps, like WeChat, focus on integrating various services within one app.
ššš° Local services super apps, like Grab and Gojek, offer physical services such as ride-sharing and food delivery.
š³ Payments super apps, like Paytm, provide digital wallets and integrate various payment options.
š Elon Musk aims to build a super app that focuses on the payments model and aims to become a WeChat-like platform.
š¼ Considering his experience in running a payments company, Elon's strategy may face challenges in implementing a successful payments model.
š¼ Elon Musk's attempt to build a 'Super App' focused on in-person payments and mobile wallets.
š± Elon aims to create a core payments use case within the app through paid subscriptions and advertising revenue share.
š³ The adoption of paid features in the app has been unimpressive, posing a challenge for convincing users to use it for payments.
š” Twitter's attempt to build a payment app instead of focusing on its core business is a massive risk due to resource diversion.
š The integration of payment features into the social media app may negatively impact its user experience, as Western consumers prefer focused apps with specific functionalities.
š§š° Elon Musk's proposed payment app could have been developed with a fraction of the cost spent on Twitter, without the burden of a struggling social media platform.
š” Elon Musk's attempt to build a "Super App" through Twitter was convoluted and unlikely to succeed.
š The documentary series 'Red Atoms' depicts the Soviet Union's struggles in building its nuclear program against adversity.
š° Nebula is a platform with a wide range of exclusive educational content, ad-free and funded by subscriptions.
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