Super App wannabe X needs a new CEO as Musk's AI ambitions overshadow social media ops 🔎💼; Bank of England signals major shift towards stablecoin integration in wholesale markets 🏦🇬🇧
FinTech is Eating the World, 10 July
Hey Everyone,
Good morning & happy Thursday! Today’s issue is really hot as we’re looking into Super App wannabe X, which now needs a new CEO as Elon Musk's AI ambitions overshadow social media operations (what & why happened, what to expect next + bonus deep dives into X & their huge Super App ambitions), and Bank of England that now signals major shift towards stablecoin integration in wholesale markets (what it’s all about & why this shift matters for the regulator and the broader FinTech & Finance industry + the ultimate list of stablecoin resources inside). So let’s jump straight into the interesting stuff 🌶️
Super App wannabe X needs a new CEO as Musk's AI ambitions overshadow social media ops 🔎💼
The BIG News 🔥 Linda Yaccarino just announced her resignation as chief executive of X, concluding a tumultuous two-year tenure marked by constant damage control and diminishing influence following the platform's integration with Elon Musk's artificial intelligence venture xAI.
Let’s take a quick look at this, understand the key details behind this decision, and see what we can expect next.