The x.com domain will now automatically redirect users to Twitter. The new logo of the microblogging service will be unveiled on July 24. about it informed owner of the social network Elon Musk.
Earlier in the day, the billionaire announced his intention to remove the bird from Twitter’s logo and replace it with the letter X. He posted the old bird logo with the note “I like it, but the X is better.”
In June, Elon Musk confirmed plans to change the name of the social network. twitter inc was founded in 2006. Elon Musk bought it in the fall of 2022. The deal is valued at $44 billion.
- In December 2022, Twitter platform revenue and net profit decreased 40% year-on-year. Analysts attributed the drop to advertisers leaving the social network after Elon Musk joined the company.
- To reduce business costs, Elon Musk reduced the company’s staff by 50%. The wave of layoffs in February 2023 was already the eighth since the purchase of the social network by an American billionaire.
Author:
karina pardaeva
Source: RB
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