In a surprising move, Twitter has replaced its iconic bird logo with the letter ‘X’ as its new official logo. The decision came after a tweet from Elon Musk, the CEO of Tesla, who declared the change over the weekend. The transformation is already in effect on the website.
Musk Hints at Further Changes to the Twitter Brand
Musk’s tweet also mentioned that x.com now redirects to twitter.com. He referred to the new logo as an “interim” one, hinting that another logo change might occur in the future. Moreover, Musk revealed that the platform might not stop at just replacing the logo; the company has plans to gradually bid farewell to the Twitter brand and eventually eliminate all bird-related elements.
Twitter’s Branding Transition Reflects Musk’s ‘X’ Obsession
Elon Musk’s fascination with the letter ‘X’ is well-known. He founded X.com in 1997, which later evolved into PayPal. His space exploration company, SpaceX, bears the ‘X’ logo, and he recently established an AI company named X.ai. Notably, the social network underwent a legal name change from Twitter Inc. to X Corp in April under Musk’s ownership.
X to Transform Twitter into an All-Inclusive App
Linda Yaccarino, Twitter’s CEO, tweeted about the company’s future plans. She mentioned that while Twitter changed the way people converse, ‘X’ will take it further, offering features centered around audio, video, messaging, payment/banking, and transforming the platform into a global marketplace for ideas, goods, services, and opportunities.
Financial Challenges Preceded the Logo Change
The company’s branding overhaul comes amid financial challenges. In response to a user, Musk revealed that Twitter is currently experiencing negative cash flow due to a ~50% drop in advertising revenue and a heavy debt load. These financial difficulties likely influenced the decision to rebrand and explore new avenues for revenue generation.
Also Read The Latest News:
BYJU’S vacates offices in Bengaluru to cut rental costs
Swiggy launches $50 million ESOP liquidity programme
