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    Policeman kill driver over N100 bribe in Anambra

    President Tinubu Pulls Police from VIPs, Approves 30,000 New Officers

    FG Closes 41 Unity Schools Amid Bandit Attacks

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    Federal High Court sentences Nnamdi Kanu to Life imprisonment

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    Federal High Court Convicts Nnamdi Kanu of Terrorism

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    Conoil Plc to Hold 55th AGM, Proposes N3.50 Dividend

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    Nigeria Wins €185.7m Arbitration on Ajaokuta Steel Contract

    Nigeria Wins €185.7m Arbitration on Ajaokuta Steel Contract

    Headline Inflation in Nigeria rose to 22.04% in March

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    Acceptance for Champion Breweries Plc Take-Over Offer closes soon

    Champion Breweries Opens ₦15.9bn Rights Issue to Shareholders

    Acceptance for Champion Breweries Plc Take-Over Offer closes soon

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    Fidson Healthcare Announces N21 Billion Rights Issue to Boost Capital Base

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Twitter to change its iconic bird logo – Elon Musk announces

Sunday, 23 July 2023, 8:37 pm
in Business, Companies
0
Twitter to change its iconic bird logo – Elon Musk announces
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Social media giant Twitter will soon discard its iconic bird logo as soon as Monday, the platform’s CEO Elon Musk announced on Sunday.

Also read; FBN Holdings Plc posts 231.07% growth in Profit for half year 2023

Musk confirmed the plan in a Twitter Spaces audio chat, where he argued that the logo change “should have been done a long time ago.”

Musk continued to discuss the logo change in a series of tweets.

And soon we shall bid adieu to the twitter brand and, gradually, all the birds

— Elon Musk (@elonmusk) July 23, 2023

In a follow up tweet, Elon Musk hinted that the new X logo will go live worldwide by Monday.

If a good enough X logo is posted tonight, we’ll make go live worldwide tomorrow

— Elon Musk (@elonmusk) July 23, 2023

The new logo is expected to reflect the new X Corp brand. X Corp is an American technology company established by Elon Musk in 2023 as the successor to Twitter Inc.

In April 2022, filings to the Securities and Exchange Commission (SEC) revealed Musk had formed three corporate entities in Delaware, all under the name of X Holdings. According to the filings, one of the entities was to merge with Twitter, Inc.

In March 2023, Musk registered X Corp. in Nevada. On the same day, Musk registered the artificial intelligence (AI) company X.AI. Later that month, Musk applied to merge X Holdings I with X Holdings Corp. and Twitter, Inc. with X Corp.

In the filing, Musk revealed that X Holdings Corp. has $2 million in capital; X Holdings Corp. will also serve as the parent company for X Corp. In a company-wide email that month, Musk announced that Twitter employees will receive stock in X Corp.

In an April 2023 court filing for an ongoing lawsuit filed by right wing political activist Laura Loomer against Twitter and its former CEO Jack Dorsey, Twitter, Inc. notified the court that it had been consolidated into X Corp., a Nevada corporation based in Carson City.

With the merger in April, Twitter ceased to exist as a company on paper, even as Musk continued to use the Twitter name and bird logo.

The billionaire has explained that he purchased Twitter with the goal of turning it into an “everything app” along the lines of China’s WeChat within three to five years. ‘X’ would offer banking, shopping, texting and calling, travel booking, stock trading, and various other services.

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

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