X’s Continued Monetization Evolution
Once more, he has done it. Twitter was formally renamed on July 23 by Elon Musk, the much-maligned but relatively new owner of the social media company to “X.” Throughout a weekend, Musk posted several tweets that abruptly revealed the news. The Twitter platform name and iconic bird logo abruptly changed to the new X branding, while the Twitter website remained operational and did not undergo a redirect.
Tech journalists were fast to note that Musk had hinted at a possible brand shift in April when he renamed the firm to X Corp. from Twitter Inc. In a series of tweets, Twitter CEO Linda Yaccarino supported the rebranding, stating that it is the first step in a plan to take the service in new directions. But one thing is for sure: with this redesign, a major chapter in social media history comes to an end. Let’s hope Musk and the company can turn X into a multipurpose platform that can cater to users in the same manner as Twitter used to. Advertisers might then comfortably rejoin, with X securing the slot.
As a result of the rebranding, the platform may take an entirely different direction and possibly provide new features and services. Internet users can only conjecture as to Musk’s ultimate objective, but whatever he intends to accomplish for Twitter is certain to generate headlines. Through his first company, X.com, Musk has shown that he has always been interested in the letter X. (This company eventually merged to create PayPal; nonetheless, Walter Isaacson has noted that Musk seemed to have sought to maintain the X name.)
From SpaceX, his space exploration firm, to xAI, his recently released artificial intelligence program, Musk has made frequent use of the letter X in his endeavors. One of Tesla’s initial electric car models was also known by the moniker Model X. Musk even calls his child, which he has with the singer Grimes, “X.”
What is new on X?
- Elon Musk wants to rebrand Twitter as “X” in order to make it a more progressive, adaptable, and user-friendly platform. When Musk first announced the rebranding, he said that the new moniker reflects “the factor, the unknown, and endless opportunities”. Regarding his assertion, this change represents Twitter’s intention to go beyond its current condition and take on a more all-encompassing strategy.
- The new logo places a strong emphasis on user data security and privacy. Musk wants to create a platform that leads the digital sector by protecting user data and respecting the limits of personal information. Additionally, he intends to employ state-of-the-art technology—such as improved artificial intelligence moderation systems—to more effectively address problems like abuse and disinformation.
- Since its original 140-character limit was increased to 280 characters in 2017, Twitter has undergone significant changes. Paid users can enjoy up to 10,000 characters under Elon Musk’s direction. Moreover, Twitter has expanded beyond text and GIFs to encompass a diverse range of material, such as audio updates and lengthy films.
- The catchphrase “What’s happening?” was modified to “Twitter is what’s happening,” and the recognizable bluebird graphic was swapped out for a straightforward X. Instead of being determined by the tweets of the users you follow, Twitter’s AI now curates the “For You” timeline. Elon Musk believes that the website has reached unprecedented levels of participation from users by developing into a much broader content-sharing community. Thus, it is no longer appropriate to refer to it as “Tweets.”
- Instead of seeing tweets in the timeline’s normal algorithmic sequence, users may now see them chronologically.
- Editing tweets, undoing retweets, and using custom app icons are just a few of the options available to subscribers of Twitter Blue, a premium membership service.
- Influencers have been a crucial component of online sharing in the last several years. These social media influencers are in charge and are facilitating the dissemination of excellent content to millions of users. In reality, well-known companies have come to understand the fact that influencer marketing is essential for reaching their target demographic. X is preparing to provide influencers and content producers with cutting-edge resources and assistance in the coming days so they can foster communities that prosper.
- Since it aims to enhance customer service, encourage imaginative thinking, and adjust to evolving needs and demands, Twitter’s rebranding to X is significant. It’s a strategy Twitter uses to maintain its importance in social media and to remain relevant. Back when the site was all about 140-character tweets that resembled birds chirping to each other, the name “Twitter” matched the description exactly. However, it no longer complies with the platform’s expanding possibilities as it is set to change and enable users to submit a variety of content, including extended videos.
However, longtime Twitter users needed help to adjust to the new look and functionalities after the company rebranded. There might be a brief decrease in customer engagement as a result, since some users could choose the comforts of the previous platform. Establishing a smooth transition to the new brand and successfully explaining the changes to users might be a challenge. Over the years, Twitter has developed a strong brand that enjoys broad awareness and a devoted user base. Changing the brand name might cause a loss of brand equity and weaken consumers’ sense of loyalty to the old name. This might make it harder to attract new users and keep hold of current ones.
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