Shiba Inu

Elon Musk

<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/news/the-crucial-reasons-behind-elon-musks-decision-to-rename-twitter-as-x/">The Crucial Reasons Behind Elon Musk’s Decision to Rename Twitter as X</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Tech tycoon and prolific tweeter, Elon Musk, has once again set tongues wagging, and keyboards tapping, as he leads Twitter into a bold new era. The social media giant is undergoing a metamorphosis, leaving behind its avian branding and taking flight under a <a href="https://twitter.com/lindayacc/status/1683213895463215104" rel="noopener noreferrer nofollow">new banner</a>, ‘X’, after Musk’s X Corp acquired the platform.</p> 
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   <p lang="zxx" dir="ltr"><a href="https://t.co/IwcbqMnQtA" rel="noopener noreferrer nofollow">pic.twitter.com/IwcbqMnQtA</a></p>— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1682978324375543808?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 23, 2023</a> 
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<h2 class="wp-block-heading" id="strong-the-tweet-that-roared-strong"><strong>The Tweet That Roared</strong></h2> 
<p>Musk, the newly minted CTO of X, took to the freshly rebranded platform to elaborate on the decision. The billionaire, who is known for his irreverent and often cryptic tweets, assured users that this transformation transcends mere nomenclature.</p> 
<p>“Twitter made sense when it was just 140 character messages going back and forth – like birds tweeting – but now you can post almost anything, including several hours of video,” Musk tweeted. He explained that the new name aligns better with his ambitious vision for the platform.</p> 
<h2 class="wp-block-heading" id="h-from-birdsong-to-barks-a-fresh-vision"><strong>From Birdsong to Barks: A Fresh Vision</strong></h2> 
<p>Elon Musk’s vision for the platform, now called ‘X’, includes comprehensive communications, finance, and payment-related services, broadening the horizons of the micro-blogging site.</p> 
<p>In a playful exchange, Musk revealed that the team had considered, albeit jokingly, rebranding to a Shiba Inu, a breed of dog popularized by the meme-inspired cryptocurrency, Dogecoin. However, he conceded, “No impact.”</p> 
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   <p lang="en" dir="ltr">We rebranded to a Shiba Inu dog for a while. No impact.</p>— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1683662738269016064?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 25, 2023</a> 
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<p>While the doggie rebranding didn’t make the cut, the Shiba Inu still managed to steal some limelight. Elon Musk’s endorsement of Dogecoin in his bio sent the cryptocurrency’s price soaring by 10%. The 24-hour trading volume has witnessed a staggering increase of 500%, mirroring the feverish interest among traders. Dogecoin is currently trading at $0.077, a significant uptick from the 24-hour low of $0.071.</p> 
<p>As the dust begins to settle on this surprising announcement, eyes across the globe are fixed on the next steps for ‘X’, previously known as Twitter. The platform, once recognized by its blue bird logo and short message format, is on the precipice of a dramatic shift in focus and functionality.</p>

The Crucial Reasons Behind Elon Musk’s Decision to Rename Twitter as X

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