Goodbye Twitter, Hello…X?

In classic Elon Musk fashion, the billionaire has made another move with Twitter that’s baffled the world. After changing the company’s name to “X” in April, Musk is changing the entire brand to “X” as of today.

The news was revealed in a series of tweets over the weekend, where Musk appeared to be crowdsourcing the idea for a new logo. In addition to changing the name and the logo, the company is also getting rid of all the birds in what’s essentially a full-on rebrand. Because what better way to get value out of your $44 billion purchase than completely changing the brand and product on a whim? πŸ€”

While some were excited about the change, most enjoyed the endless memes from the situation. Although it’s unclear how all these changes will impact the platform long-term, they’ve certainly been great for engagement in the short term.Β 

Here are some of the “Xeets” from the day. πŸ’­

Ultimately what X has going for it is that people are already on the platform. While most people complain about the changes, we’re all still here “Xeeting” away day after day. Until that changes, Threads and other competitors will have difficulty attracting and maintaining a meaningful user base.

That hasn’t discouraged them, though, as platforms like TikTok look to capture market share by adding support for text posts and other X-type content.

As always, this is a rapidly-developing story that we’ll keep an eye on. How this progresses is anyone’s guess. But as always, we’ll be here to X-splain the news as it happens. Until then, we’ll simply enjoy the memes along with everyone else. 🀷

AI’s Copyright Crisis Begins

We all knew copyright law would be a key issue at the heart of the artificial intelligence (AI) revolution, but we didn’t know when. Well, the time has come. βŒ›

Today, The New York Times filed a lawsuit against Microsoft and OpenAI, accusing them of infringing copyright and abusing the newspaper’s intellectual property. In its court filing, the publisher said it looks to hold the two companies accountable for the “unlawful copying and use of The Times’s uniquely valuable works,” claiming billions in statutory and actual damages.

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$LUNR Reaches A “Tipping Point”

One of the top stories in the market over the last 24 hours has been Intuitive Machines’, which trades under the ticker symbol $LUNR. πŸ“»

The space exploration company’s Nova-C cargo moon lander known as “Odysseus” became the first privately developed spacecraft to land on the lunar surface. It was also the first U.S. spacecraft to soft-land on the moon in over 50 years. 🌝

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Pfizer’s Flop Continues

It’s been a rough ride for pharmaceutical giant Pfizer since the end of the pandemic, and that rollercoaster ride continues today. 🎒

The company last announced earnings in October but needed to update Wall Street on its 2024 forecast. It cited weak demand for its Covid products as the reason for a weaker-than-anticipated revenue and earnings forecast.

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Musk Threatens Tesla’s AI Ambitions

The primary bull case for Tesla is that it’s not an automobile company but a technology one. Part of the reason it’s able to command such a high valuation relative to its peers is because of that technology’s potential business impact way down the line, especially as it introduces newer developments like artificial intelligence (AI).

However, that bull case is facing an unlikely opposition…from Elon Musk himself. 🀦

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