Elon Musk is rebranding Twitter to X.Branding experts have been calling out the decision, warning the company risks losing value.
Elon Musk is rebranding Twitter to X and some people are confused by the move.
The loss of the Twitter brand is projected to knock off anywhere between $4 billion and $20 billion in company value, Bloomberg reported, citing analysts and brand agencies.
Allen Adamson, cofounder of marketing and brand consulting group Metaforce, told Fortune the move was "completely irrational from a business and brand point of view."
Musk has long discussed his plans to create an app called X.
Persons:
Elon, Fortune, Allen Adamson, He's, China's WeChat, Musk
Organizations:
Marketing, Bloomberg, Twitter