Ark's Cathie Wood bets Elon Musk will make Twitter a 'super app'.

Ark's Cathie Wood bets Elon Musk will make Twitter a'super app'

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Cathie Wood, founder of Ark Invest, believes Elon Musk's vision for Twitter is on to something.

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Wood said at the Web Summit technology conference in Lisbon, Portugal, "He wants to make it like WeChat Pay."

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Wood was referring to the Chinese messaging app WeChat's digital payments service.

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WeChat is the archetype of "super applications" that serve instant messaging, banking, and travel demands.

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Musk has suggested making Twitter a super app. Last month, he stated that owning Twitter "accelerated inventing X, the everything app."

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“Remember [Musk] started in the payments industry ... he sold his company to PayPal,” Wood said.

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“He and [Twitter co-founder] Jack Dorsey working together, I think, could turn this into a super app.”

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