The current name of the social network and the logo in the form of a blue bird can be replaced with the letter X.
American entrepreneur Elon Musk confirmed the possibility of changing the name of the Twitter platform to X. In particular, he wrote Pravda in response to a T(w)itter Daily News message.
After the rebranding, there will be a wider range of long text, video, SMS exchange and financial services.
NEWS: Twitter may be rebranded to a different name in the future, Elon hints.
He said compared to the old Twitter, the X platform will have a wider variety of long text, video, messaging, and financial services. Elon: “‘Twitter’, I think, is the wrong branding for that.” pic.twitter.com/xsTvzp0LtE
— T(w)itter Daily News (@TitterDaily) June 1, 2023
Twitter is now worth a third of what Elon Musk paid for it at the end of last year, according to Fidelity. He admitted he overpaid for Twitter, which he bought for $44 billion, including a $33.5 billion net worth.
For the first time, Fidelity cut the value of its Twitter stake in November to 44% of the acquisition price. This was followed by further markdowns in December and February.
It was previously reported that Elon Musk has once again become the richest man in the world, beating tycoon Bernard Arnault in the ranking.
Twitter has lost two-thirds of its value since the arrival of Musk – media
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Source: korrespondent
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