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Twitter being renamed to X will reduce the company's value :checkered…
Twitter being renamed to X will reduce the company's value :checkered_flag: :
Strong brand recognition gives value to a company
Reason :check:
Rebrand may give more value to Elon's own brand
Objection :forbidden:
Twitter was a well-established brand
No brand recognition with X
There is financial cost to other companies changing links and icons
Reason :check:
Other companies are likely to stop including X/Twitter in their own media strategies, due to cost
Other companies will need to change their links and icons with the rebrand
Rebrand is one of many PR disasters
Reason :check:
All planned features unknown to general public
Objection :forbidden:
PR disasters devalue a company
X is strongly tied to Elon's own brand
Fewer active users means less value for social media companies
Reason :check:
Companies avoid extra financial costs
Name change could allow for more features
New features can add value