I wonder if that’s a portion of why it’s devalued so much. I mean I know there’s a dozen or more other reasons but brand recognition could very well be one of them.
Comment on One year after being bought for $44 billion, X is worth $19 billion
query@lemmy.world 8 months ago
Still seems way overpriced. Doesn’t even have name recognition anymore.
Wermhatswormhat@lemmy.world 8 months ago
Crikeste@lemm.ee 8 months ago
Take a look at their user data over the past year with the name change date in mind.
It’s is absolutely ASTONISHING how fucking moronic and empty headed Elon Musk is. A literal idiot with all the money.
xkforce@lemmy.world 8 months ago
People recognize it, just not as X lol
Fogle@lemmy.ca 8 months ago
They surely still own the twitter name right
dual_sport_dork@lemmy.world 8 months ago
Can any trademark lawyer in the audience tell us how long before, if Musk lets the trademark lapse, some rando could come along and make a Twitter clone while literally just calling it “Twitter?”
Deiv@lemmy.ca 8 months ago
Meta is being told to drop the “Threads” name, it would be hilarious if they changed it to “Twitter”
_dev_null@lemmy.zxcvn.xyz 8 months ago
Yeah it’s never going to be called just “X”, it’s always going to be “X, formerly twitter”.
Just like Prince the whole time he changed his name to that symbol.
FlyingSquid@lemmy.world 8 months ago
Prince wanted people to call him Prince. He changed his name to that symbol to get out of a shitty contract with Warner Bros.
“Warner Bros took the name, trademarked it, and used it as the main marketing took to promote all of the music I wrote,” Prince once said in a press release. “The company owns the name Prince and all related music marketed under Prince. I became merely a pawn used to produce more money for Warner Bros.”
www.bbc.com/news/magazine-36107590
Elon changed Twitter to X because he’s a babyman who never got over the fact that PayPal didn’t like the name.
DogMuffins@discuss.tchncs.de 8 months ago
I really wish xitter had have caught on.
PeleSpirit@lemmy.world 8 months ago
I thought it was valued at 15 billion when he bought it? Maybe that’s how much he received from the Saudis.
Dave@lemmy.nz 8 months ago
I’d guess that $19 billion is the value where if someone bought it and did their best to undo everything and get it back on track, that’s how much it would be worth.
The problem with measuring value is you have to quantify what that $19 billion actually is. Like you could say it’s the share price times the number of shares, except now twitter is privately owned we don’t have a market share price anymore.
TenderfootGungi@lemmy.world 8 months ago
Theoretically what someone would pay for it. The buyer always has plans to make it better.
Or the textbook definition, the present value of the sum of all future profits.
Dave@lemmy.nz 8 months ago
That’s an interesting claim to make, especially on this post 😄
assa123@lemmy.world 8 months ago
Indeed very interesting. It is a fundamental principle of finance: Investors seek to maximize utility, but this is under the axiom of complete rationality. And even if that condition is met (which I doubt), the utility function of money is not concave at all levels, for example leftmost of the graph, before the price of food. I think that after some point, utility becomes flat and Musk is way beyond that point. Additionally he seems to be a risk loving investor, not a risk averse.
perviouslyiner@lemm.ee 8 months ago
it’s x’s own current valuation, to calculate stock options to give to employees