BYE, twitter, here we got “X”, what will happen?

Musk announced his twitter name changing plan on Saturday.

Henceforth, the famous blue bird logo will be gone, only the “X.com” will be left.

Tried, now users can login via the new domain,via “X.com”, also the users will see the big “X” on the main page.

However, since Musk bought the platform,the site,in October last year, Twitter’s market valuation has continued to dropping down, highlighting investors' and advertisers' deep concerns about its unpredictable strategies.

Reportedly, it took Twitter more than 15 years to gain such worldwide recognition.

Therefore, losing the Twitter brand is a major financial blow, as mature brands are not built overnight.

Statistics suggest Twitter may pay $5-10 billion as a “price” or more for the name changing. But Musk does not seem to care much at present.

Familiar things like "retweet" are also based on the word “Twitter”, yet X's arrival will directly rewrite all the internal business systems and ecosystems.

Actually since last year, most of the advertisers have been fleeing Twitter in droves. Musk said Twitter's ad revenue has dropped more than 50% since October 2022.

Many of people cannot accept an unstable site, an unstable business environment, an unstable business man, and Musk has always been an enigmatic figure, nothing to do with the word called “stability”.

Therefore, Facebook has seized the opportunity to launch Threads, a direct Twitter competitor, gaining 100 million users in just 4 days of it launched.

The social media war continues amid the renaming, and we are also looking forward to see what will happen in the future between the brand new X and the brand new Threads.