Elon Musk fell in love at the beginning of 1999. Not from his partner or a tool, but from the second-to-last letter of the alphabet. At the time, the young investor was 28 years old and had more than $22 million in the bank. He was working on making a new and revolutionary online financial platform. When he met his friends in a bar in Palo Alto, California, he asked the waitress what name she liked. She told him x.com. In 2016, CEO Julie Anderson said, “Elon slammed the table and said, ‘Then he’s done!'”
Monday, 24 years after that scene, Musk said that the Twitter name was going away. The well-known social network will no longer be called “Blue Bird”; instead, it will be called “X.” The change is not just about how it looks. The South African businessman who is worth a billion dollars wants Twitter to become a place where you can do more than just send texts. He wants it to become a place where you can make video calls, buy things “online,” and transfer money. WeChat in China seems to be the example. “‘X’ will be the app for everything,” he said in November of last year, just after buying the company for about $44 billion (about €41 billion). “The purchase of Twitter is a speed-up,” they said a month earlier.
The new name for Twitter has been in the works for months. According to legal papers seen by The Wall Street Journal, Musk told the courts on April 12 that he had changed the name of the company to X Corp. and that he had moved his tax domicile to the state of Nevada. This, in turn, is part of X Holdings Corp., the parent company. Musk has also started a company called xAI that works on creating artificial intelligence (AI) systems. It is not part of the same business empire, though.
Our headquarters tonight pic.twitter.com/GO6yY8R7fO
— Elon Musk (@elonmusk) July 24, 2023
Why Elon Musk is crazy about the letter ‘X’, from Twitter to his kids
Elon Musk, in an event to show off the Tesla Model X.
The billionaire businessman wants Twitter to become an all-purpose site where you can not only send messages, but also make video calls, buy things “online,” and move money from one account to another.
Elon Musk fell in love at the beginning of 1999. Not from his partner or a tool, but from the second-to-last letter of the alphabet. At the time, the young investor was 28 years old and had more than $22 million in the bank. He was working on making a new and revolutionary online financial platform. When he met his friends in a bar in Palo Alto, California, he asked the waitress what name she liked. She told him x.com. In 2016, CEO Julie Anderson said, “Elon slammed the table and said, ‘Then he’s done!'”
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Monday, 24 years after that scene, Musk said that the Twitter name was going away. The well-known social network will no longer be called “Blue Bird”; instead, it will be called “X.” The change is not just about how it looks. The South African businessman who is worth a billion dollars wants Twitter to become a place where you can do more than just send texts. He wants it to become a place where you can make video calls, buy things “online,” and transfer money. WeChat in China seems to be the example. “‘X’ will be the app for everything,” he said in November of last year, just after buying the company for about $44 billion (about €41 billion). “The purchase of Twitter is a speed-up,” they said a month earlier.
The new name for Twitter has been in the works for months. According to legal papers seen by The Wall Street Journal, Musk told the courts on April 12 that he had changed the name of the company to X Corp. and that he had moved his tax domicile to the state of Nevada. This, in turn, is part of X Holdings Corp., the parent company. Musk has also started a company called xAI that works on creating artificial intelligence (AI) systems. It is not part of the same business empire, though.
THE ORIGIN OF New Twitter Logo X
Even though we don’t know a lot about how Twitter will change, Musk’s decision to go in a different way looks both forward and backward. Future because he thinks that the tech industry is moving toward the “app” model, whether he’s right or not. Past because the new name of the social network, “X,” brings him back to his early days as an entrepreneur and makes him feel nostalgic. Where did she get that filia?
Musk sold his first company, Zip2, just a few months before they met in that Palo Alto bar. He became a millionaire because of the operation, and now he wants to change the financial market. From there, the idea came to make X.com, which would be a website for regular users and also a place to handle investment funds. It would become one of the first online banks. In March 2000, Musk made a deal with his biggest competitor, Confinity, to merge his company with theirs. He was then named the CEO of Confinity.
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But the bond between the two teams wasn’t good. The name of the new company was one of many things that caused trouble. Musk liked the name X.com, but other people thought it was risky because it was easy to link to porn. Musk was fired while on his honeymoon with his first wife. Peter Thiel took his place. In 2001, the company changed its name, and PayPal came into being.
