Elon Musk tweets that Twitter has moved to the x.com domain (now it's not a tweet, but what?)
Twitter has officially switched to the x.com domain. This was announced in a tweet by serial entrepreneur, visionary and former Twitter CEO Elon Musk. After a series of deals and lawsuits, he bought the social network in July 2023 and immediately renamed it X and changed the logo, although the network's website still continued to operate at twitter.com. Now it is only available at x.com, where all users are directed when they enter twitter.com in their browser. "All major systems are now available at x.com," he said in a tweet.
Why exactly X?
Elon Musk purchased the x.com domain back in 1999 to create a financial service. The following financial services were implemented on this domain:
- Internet Banking: Musk planned to create a revolutionary online bank that would provide electronic payment and banking services online. It was one of the first major projects in the financial technology industry.
- PayPal: - In 2000, x.com merged with Confinity, which was developing its own payment system. The merger resulted in the creation of PayPal, which has become one of the most famous and successful payment systems in the world. In 2001, the company's name was officially changed to PayPal, and in 2002, the company was sold to eBay for $1.5 billion.
In July 2017, Elon Musk purchased the x.com domain again. Since then, Musk has not disclosed any specific plans for the use of this domain, but has hinted at an interest in buying Twitter.
Immediately after the acquisition, Musk fired several top Twitter executives, including CEO Parag Agrawal. Instead, Musk became CEO and introduced a $7.99 monthly subscription and laid off a large part of the company's staff.
At the end of 2022, Musk promised to step down as CEO after a Twitter poll posted by Musk showed that most users would like him to do so. Five months later, Musk stepped down as CEO and appointed former NBC Universal executive Linda Yaccarino to the position and handed over his role to the executive chairman and chief technology officer.
Now Twitter is no longer associated with the twitter.com domain, but it seems that it is too early to put an end to this story. In particular, what should we call tweets now?
Source: @elonmusk