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Visa Inc. reported strong first-quarter results for 2024/25, with revenue rising 10% to USD 9.51 billion, surpassing expectations. The company saw a 9% increase in payment volume and a 16% rise in cross-border transactions, while earnings per share grew 8% to USD 2.58. Visa also announced a dividend increase and plans for continued revenue growth in the upcoming fiscal year.
Elon Musk's social media platform, X, formerly Twitter, is partnering with Visa to launch "X Money Account," a digital wallet for real-time payments in the U.S. This initiative is a significant step towards Musk's vision of an "everything app," akin to China's WeChat, allowing users to link debit cards for peer-to-peer transactions. The collaboration marks X's entry into financial services, with further expansions and features anticipated throughout the year.
Elon Musk's social media platform X has partnered with Visa to launch the X Money Account, aiming to transform into an "everything" app. This service will enable secure peer-to-peer payments and direct fund transfers to bank accounts, with the debut expected later this year. CEO Linda Yaccarino indicated that this is just the first of many significant announcements regarding X Money planned for 2025.
Dogecoin's price has recently dipped below $0.31, marking its lowest point in 2025, as broader tech stock declines impact the crypto market. Speculation around Elon Musk's potential integration of Dogecoin into X's upcoming payment service, X Money, continues, though no official confirmation has been made. Despite past surges linked to Musk's endorsements, the meme coin faces significant volatility amid shifting market conditions.
X is partnering with Visa to launch a real-time payment system on its platform, marking a step towards Elon Musk's vision of an "everything app." The "X Money Account" will enable digital wallet services and peer-to-peer payments linked to debit cards, with a U.S. launch expected later this year. This initiative aims to compete with other platforms expanding their service offerings, despite challenges following Musk's acquisition of the platform.
Elon Musk's X, formerly Twitter, is partnering with Visa to develop a payment service as part of its ambition to become an "everything app," akin to China's WeChat. This vision has been a long-standing interest for Musk, dating back to his early ventures in the late 1990s. However, the competitive landscape has intensified, with other tech giants expanding their offerings, while X faces challenges from rising hate speech and misinformation, potentially alienating users and advertisers. Additionally, U.S. regulators are scrutinizing Apple for allegedly stifling the emergence of super apps on its platform.
Elon Musk’s X has partnered with Visa to enhance its financial services offerings. Users are encouraged to review the updated Terms of Sale, Terms of Service, and Privacy Policy, agreeing to the new terms by continuing to use the platform.
Visa is partnering with X, formerly Twitter, to launch "X Money" accounts later this year, enabling users to transfer funds from debit cards and bank accounts. CEO Linda Yaccarino indicated this is just the beginning of multiple announcements regarding the payment feature. The initiative aims to diversify revenue streams amid declining ad spending.
Elon Musk's X has partnered with Visa to introduce direct payment solutions for users, marking a significant step towards transforming the platform into an "everything app." The collaboration will allow customers to fund their X wallet, connect debit cards for peer-to-peer payments, and transfer funds to their bank accounts instantly. This initiative aligns with the growing demand for digital payment solutions, particularly in the wake of the pandemic.
UBS has reiterated its Buy rating on First Solar, setting a price target of $360, indicating significant upside potential from its current price of $160.30. The upcoming fourth-quarter earnings on February 20 are expected to focus on 2025 guidance, amidst concerns over potential downward revisions and U.S. energy tax policy changes that could impact investor sentiment in the renewable energy sector. Despite recent stock declines and cautious market reactions, First Solar's fundamentals remain strong, with a P/E ratio of 13.8 and a revenue growth of 21.77% over the past year.
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