Technology

59578 readers

3092 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

959

Usage Of Elon Musk’s X Dropped 30% In The Last Year, Study Suggests (www.forbes.com)

submitted 8 months ago by Hubi@feddit.de to c/technology@lemmy.world

133 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] filister@lemmy.world 16 points 8 months ago* (last edited 8 months ago)

Pretty much he wants to turn X/Twitter as WeChat's clone for the West.

As WeChat is both a messaging and payment app used by a couple of hundreds of millions of users in China where people can send money, split bills, pay, etc. using the app.

Visa and MasterCard are extremely profitable companies enjoying really high margins and having very little competition. And this is very lucrative business:

66% operating profit margin for Visa and 55% for Mastercard (four-year average). 51% net profit margin for Visa and 45% for Mastercard (four-year average). 50% per annum return on capital employed for Mastercard and 21% per annum for Visa (11-year average).