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Elon Musk Rebranded Twitter to “X”. Here’s What You Need to Know.
Elon Musk has started to roll out a new branding change for Twitter, symbolised by a blue 'X' logo. The company intends to rebrand as 'X' and expand its operations into banking, payments, and commerce. Elon, known for his involvement with PayPal and SpaceX, envisions 'X' as an "everything app," integrating social media, messaging, and mobile payments.
Originally launched in 2006, Twitter got its name from the bird-like sound it represents, employing bird-themed branding from the start. The transition to 'X' has not been completely smooth, with users reporting inconsistent visuals on the site.
Since Elon's purchase of Twitter in October last year for $44 billion, the company has seen some revenue challenges. The platform's advertising earnings took a significant hit due to Elon's unconventional management style and extensive job cuts. As a solution, Elon has pushed to incorporate commerce and payments into the platform.
Despite a backlash against the introduction of charges for previously free services and changes in content moderation, Elon hopes to revitalize the platform. Meanwhile, Twitter's competitor, Facebook's Meta, has released a text-based platform called Threads, which has seen a decline in user engagement post-launch.
Twitter is on the brink of a significant transformation to become 'X', a versatile platform integrating various services - we shall see whether they can disrupt the likes of $PayPal (PYPL.US)$, $Meta Platforms (META.US)$ and more!
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Trump 2.0 countdown: What's the next big opportunity in the markets?
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Jalapenoterry65 : How can we get X stock?
NYJW : Collective memory in the age of Twitter is over.
Silverbat : Hoping X can change your luck!
Tony-Love : Is he going to get involved deeply with "Twitter" again and cause Tesla's to drop to a new low? I will buy a lot.
屯屯鼠辉夜 Jalapenoterry65 : You might be wondering![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
agreeable Hound_0795 Tony-Love : me too
Ziet Invests OP Tony-Love : Hard to say haha, even tho Linda is on board…seems like he is still giving Twitter a lot of free exposure (rightfully so) // hard to tell when he will detach from it
Ziet Invests OP NYJW : Definitely the start of a new era i suppose!
Ziet Invests OP Jalapenoterry65 : We can’t ya, it’s not publicly listed
104252802 : its time to buy X