Elon Musk says X’s new products will challenge YouTube and LinkedIn

Executives at X, the social media site formerly known as Twitter, said they see YouTube and LinkedIn as future competitors while pursuing new business lines in video and hiring.

Owner Elon Musk and Chief Executive Officer Linda Yaccarino called out the two sites during an all-company meeting Thursday to commemorate one year since Musk’s takeover of Twitter Inc., according to a person familiar with the matter. The duo also referenced ambitions to create a news wire service called XWire, which would rival Cision’s PR Newswire, the person said, asking not to be identified as the discussion was private.