Elon Musk Going For YouTube? Billionaire Now Wants You To Post Your Movies, TV Shows And Podcasts On X To Monetize
Portfolio Pulse from Rounak Jain
Elon Musk's X, formerly Twitter, now allows users to post up to 4-hour-long videos, targeting content creators to monetize their movies, TV shows, and podcasts on the platform. This move is part of Musk's vision to transform X into an 'everything app', expanding its features beyond social media. Despite Musk's invitation to YouTubers like MrBeast, a Benzinga analysis suggests Alphabet Inc.'s YouTube remains a better platform for content creators.
May 10, 2024 | 9:41 am
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Despite Elon Musk's efforts to attract content creators to X, Alphabet Inc.'s YouTube is considered a better platform for content monetization, according to a Benzinga analysis.
The news highlights Musk's attempt to compete with YouTube by enhancing X's video capabilities. However, the analysis suggesting YouTube remains superior for content creators could neutralize any negative impact on Alphabet Inc.'s stock, as it reassures investors of YouTube's strong position in the content creation market.
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