Tech
TOPSHOT-US-TWITTER-MUSK-INTERNET-JUSTICE
Elon Musk on October 26, 2022, carrying a sink as he enters X headquarters (Elon Musk/Getty Images)

Users are finally remembering that it’s called X now, not Twitter

Almost two years later, the name might just be starting to stick.

Whether it’s a baby, a company, a pope, or a product, naming things is hard.

When Mark Zuckerberg wanted to change Facebook’s name to better reflect his aspirations in the metaverse, a marketing team was likely drafted in for mountains of moolah to come up with... Meta. Aberdeen Asset Management, a steward of more than $670 billion, disemvoweled itself in 2021, becoming “abrdn” for reasons best known to themselves, before adding the letters back this year. Netflix got screamed at for trying “Qwikster” as the name of its DVD business, Radio Shack hoped calling itself the Shack would revive its fortunes, and Pizza Hut has toyed with a few names — all of which the public hated.

Some companies just give up altogether and start using common first names for their brands and ideas. There’s Dave, the insurance company; Jasper, which can help you write marketing copy; Claude, the AI chatbot; and Alexa, Amazon’s robot assistant — a product that’s sent the name’s popularity plummeting after its release in 2015.

In 2019, I wanted to start a media company that made a lot of charts, and the best I could muster up was Chartr. It is hard.

X marks the spot

So, once you finally have a name that billions of people around the world recognize, changing it overnight would seem like a very high-risk experiment to run. Still, that’s exactly what Elon Musk did one Sunday in July 2023 when he announced that he’d be completely rebranding Twitter — which he dropped $44 billion on less than a year earlier — to X.

If data from Google is anything to go by, people are just now remembering its new name more often than not, with searches for “X login” finally outweighing those for “Twitter login” in recent weeks.

More people are remembering to search for “X login” than “Twitter login”
Sherwood News

Based, then, on this very unscientific analysis, it seems like 18 to 24 months is a rough ballpark for how long it takes to reshape the name of a product in the wider public psyche. But of course, these are just the users looking to log in to the platform via Google; for many others, it’ll likely always be Twitter... or at least “X, formerly known as Twitter.”

More Tech

See all Tech
US-TECHNOLOGY-AI-GOOGLE

Google announces new models, glasses, agents, but investors are not impressed

At Google’s I/O developer conference, the company announced a bevy of new products, but none of it helped the stock one bit.

tech

Report: Tesla to build solar factory near Houston

Tesla is planning to build its solar panel manufacturing plant — an endeavor that could add up to $50 billion in value to its energy business — near Houston, Texas, Electrek reports. The plant would be located on the same site as its Megafactory, which builds Megapack battery systems.

The solar plant is part of Tesla and SpaceX’s goal of eventually putting solar-powered data centers in space.

On the company’s fourth-quarter earnings call, CEO Elon Musk said Tesla was “going to work towards getting 100 gigawatts a year of solar cell production, integrating across the entire supply chain from raw materials all the way to finished solar panels.”

At the time, the news had sent shares of First Solar down, but subsequent reports suggest Tesla is unlikely to compete directly with the country’s leading photovoltaic panel maker, instead using much of that production internally.

On the company’s fourth-quarter earnings call, CEO Elon Musk said Tesla was “going to work towards getting 100 gigawatts a year of solar cell production, integrating across the entire supply chain from raw materials all the way to finished solar panels.”

At the time, the news had sent shares of First Solar down, but subsequent reports suggest Tesla is unlikely to compete directly with the country’s leading photovoltaic panel maker, instead using much of that production internally.

tech

Anthropic hires former OpenAI member and Tesla AI director Andrej Karpathy

Andrej Karpathy — a founding member of OpenAI, Tesla’s director of AI from 2017 to 2022, and the man responsible for the term “vibe coding” — is doing what many in tech are doing right now: heading to greener pastures at Anthropic.

Anthropic, which is slated to go public this year, recently raised money at a $950 billion valuation, making it more valuable than OpenAI and nearly as valuable as Tesla.

“governments around the world will not allow Apple junk fees to stand”

Epic Games has returned Fortnite to the Apple App Store globally, after the video game maker signaled confidence in its ongoing lawsuit with the iPhone maker. In a press release Tuesday, the company wrote:

“Fortnite is returning to the App Store now because we are confident that once Apple is forced to show its costs, governments around the world will not allow Apple junk fees to stand.

We will continue to challenge Apple’s anticompetitive App Store practices of banning alternative app stores and competition in payments.”

Late last year, an appeals court partly reversed sanctions against Apple but upheld the contempt finding and an injunction forcing Apple to permit outside payment options. Fortnite returned to the US App Store a year ago.

The suit began in 2020 over Apple’s mandatory 30% commission on in-app purchases and its refusal to allow third-party payment processors or alternative app stores on its mobile devices.

Latest Stories

Sherwood Media, LLC and Chartr Limited produce fresh and unique perspectives on topical financial news and are fully owned subsidiaries of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Money, LLC, Robinhood U.K. Ltd, Robinhood Derivatives, LLC, Robinhood Gold, LLC, Robinhood Asset Management, LLC, Robinhood Credit, Inc., Robinhood Ventures DE, LLC and, where applicable, its managed investment vehicles.