Home Featured Elon Musk and Why X

Here are some of the reasons why Elon Musk should not be dismissed on the X move

  • He is a visionary. Elon Musk has a clear vision for the future, and he is not afraid to think big. He is not content to just make incremental improvements to existing technologies. He wants to change the world, and he is willing to put in the hard work to make it happen.
  • He is intelligent and driven. Elon Musk is incredibly intelligent, and he has a strong work ethic. He is always learning and always looking for new ways to improve his businesses.
  • He is willing to take risks. Elon Musk is not afraid to take risks. He knows that failure is a part of the journey, and he is not afraid to fail in order to learn.
  • He is a great communicator. Elon Musk is a gifted communicator. He is able to articulate his vision in a way that is both inspiring and understandable. He is also able to connect with people on a personal level.

Elon Musk has explained Twitter’s overnight rebranding to ‘X’, as the billionaire seeks to expand the social media network beyond its micro-blogging functions and into a finance hub and messaging platform.

In a radical overhaul on Monday, Musk replaced Twitter’s iconic bird logo with an X symbol and tweeted that “X.com now points to Twitter.com.”

The billionaire explained that he had purchased Twitter with the goal of turning it into an “everything app” along the lines of Asian super-apps such as China’s WeChat within five years. X would offer banking, shopping, texting and calling, travel booking, stock trading, and various other services, he added. 

“In the months to come, we will add comprehensive communications and the ability to conduct your entire financial world. The Twitter name does not make sense in that context,” Musk tweeted. 

On Sunday, the billionaire announced that the company would eventually “bid adieu to the Twitter brand and, gradually, all the birds,” as he shared a picture of the new X branding projected onto the side of Twitter headquarters in San Francisco. 

“It’s an exceptionally rare thing – in life or in business – that you get a second chance to make another big impression. Twitter made one massive impression and changed the way we communicate. Now, X will go further, transforming the global town square,” said Twitter chief executive Linda Yaccarino. 

Founded in 2006, Twitter had used its globally recognized blue bird emblem for more than a decade.

Musk bought the social media platform for $44 billion last year, and the switch to X has been seen by many market players as a controversial move. 

“We believe Musk can be successful over time turning Twitter around to the super-app concept but this will not happen overnight,” said Wedbush analyst Dan Ives. “We like the strategy for Twitter, but X replacing the Twitter iconic birdie is a bit of a head scratcher.”

Super-apps are popular in Asia, where Tencent’s WeChat, for instance, offers a variety of services combining multiple aspects of consumer finance and interaction.

Shayne Heffernan

You may also like

logo-white

Your Trusted Source for Capital Markets & Related News

Latest Articles

© 2023 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.