Twitter's rebrand to X is actually happening - possibly the worst rebrand I've ever seen. Quite funny to watch that dumpster fire of a platform just be absolutely destroyed by Musk.
Twitter's rebrand to X is actually happening - possibly the worst rebrand I've ever seen. Quite funny to watch that dumpster fire of a platform just be absolutely destroyed by Musk.
elon musk doesn’t think before he does stuff. he doesn’t get user feedback, or consult branding expertes, or anything. he just does stuff
I used to think Elon was a pretty decent and down-to-earth guy, albeit a bit weird. However he’s just a really arrogant know-it-all now and he’s running things into the ground.
running everything into the ground? or just twitter?
Imo just Twitter at the moment, but the cybertruck looks like a potential flop too. There’s also the possibility that he may go bankrupt just because of the sheer loss he’s going to take from this whole Twitter buyout.
The cybertruck is not going to be a flop. It has almost 2 million reservations (proof: https://docs.google.com/spreadsheets/d/1--6OR9ECwSwZdkOtWkuslJVCyAAfQv1eJal1fdngfsk/edit#gid=982860347).
Also, Tesla is planning to build 250,000 of them a year, which I’m sure they thought through.
All in all, no offense but I would trust the multi-billion $ company on this, not someone with no inside info.
For reference, those reservations only cost $100, so there’s zero chance that every single person that reserved a Cybertruck is actually going to buy one, especially considering the hefty price tag. I think it’s extremely likely that Tesla will likely sell about a million at most. Also, I’m not asking you to just randomly trust my words - look at the research that anyone else has done. Elon has decimated Twitter’s value and he’s driving the whole company into the ground, and wasting billions of dollars in the process.
There’s no chance Tesla would make a factory to sell 250k a year without thinking about it first
There’s also no way Twitter would change their entire branding system to a literal screenshot of a font but that happened anyway 🙃 I’m just saying that Musk has been acting weird lately and you never know. However, if they do start producing 250k a year then good for them, they’ll supply all the preorders in a little over a year. I have more faith in Tesla than I do in Twitter/X because it has more oversight.
tesla investors are also very worried (as he’s too focused on twitter and most people who buy electric cars don’t agree with many of his opinions). additionally, he’s facing like 10 lawsuits from the SEC, FTC, FCC, and other bodies/organizations.
it’s as if all the big social media companies just want to destroy themselves
Eh, mainly just Twitter.
I’d count Reddit.
Ah, reddit too I guess
reddit, twitch, facebook (which has almost always been like that, though)
Eh I’d argue that facebook isn’t really undergoing any turmoil
but it’s definitely declining (and has been for a long time, especially among younger generations). plus, their metaverse obsession (which they’re now practically abandoning in favor of AI, the next “fad”), is definitely distracting from their main business.
Instagram and Threads are doing perfectly fine though - they’re still making plenty of money.
it’s not a purely money thing, though. what really matters is the future prospect of their company and how it’s being managed. look at threads’ launch, for example. threads is pretty unfinished (there is no trending page and many other social features are missing) and they don’t even own the domain threads.com. The actual company that does own threads.com is a slack-like social media, that has seen an influx of users due to this confusion. Meta is just lucky that this company isn’t a scam, because if they created a fake threads scam site at threads.com, they could scam tens of thousands of would-be threads users.
https://techcrunch.com/2023/07/15/threads-a-slack-alternative-completely-unrelated-to-instagram-has-seen-downloads-surge/
additionally, they know that it’s going to be hard to stay relevant in the space they’re in right now (social media), which is why Mark Zuckerberg wanted to switch and said they were “100% focused” on the metaverse. but then they changed the name of the company, just to backtrack and invest in AI instead. The main thing is that even if they’re making money now, it’s going to be much more crowded in the social media app space.
also, how is threads making money if it doesn’t have ads yet?
Sorry - should have clarified, I meant Meta as a whole is still making money, not Threads specifically. Also there are plenty of companies who were built outside of the .com domain space. That’s really not a super relevant thing. As far as Threads being unfinished, yeah, it definitely isn’t finished. Not even close. However, Meta has a ton of experience in the social media space and they’ve got a really good chance to make Threads the Twitter alternative it’s designed to be. Threads has a higher chance of succeeding at this point than X does imo. I’m not saying Meta won’t fail at some point - I hope they do, they suck as a company. But they’re not going anywhere anytime soon.