Elon Musk has officially rebranded Twitter to X as it was acquired by X Corp, a subsidiary of X Holdings. Elon Musk, CTO of X, explains this is not simply a corporate name change but a company improving its products and services, as well as changing its vision. In a separate post, he said we tried rebranding to a Shiba Inu dog, but “No impact.”
Elon Musk on Twitter Name Change to X Despite Brand Value
CTO Elon Musk on July 25 responded to a post on companies changing their names. Musk explained that Twitter was acquired by X Corp earlier to ensure freedom of speech and as an accelerant for X, the everything app. He argues this is not a simple name change by a company but introducing many changes.
In addition, he revealed his future plans for X. The company aims to add comprehensive communications and finance and payments-related services to the app. He argues that the name “Twitter” doesn’t match his plans, “so we must bid adieu to the bird.”
He also replied to another post by a user saying that even if the company changes the name to a donkey, he would still scroll for hours. Elon Musk said we tried rebranding to a Shiba Inu dog for a while, but it didn’t have any impact.
Dogecoin Price Skyrockets
While it has no impact on the company, Elon Musk’s favorite crypto Dogecoin (DOGE) is skyrocketing. It followed after Musk added Dogecoin logo to his bio.
DOGE price jumped 10% in the last 24 hours, with the price currently trading at $0.077. The 24-hour low and high are $0.071 and $0.077, respectively. Furthermore, the trading volume has increased by 500% in the last 24 hours, indicating an interest among traders.