this post was submitted on 03 Aug 2023
439 points (96.6% liked)
Technology
59652 readers
5395 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
It's pretty ironic how companies will spend so much money on advertising to gain brand recognition, but then throw it away on a whim.
I imagine executive meetings with people rambling about (an already well established) brand cannibalizing (what could become, if everything goes perfectly, an equally or even more recognized) brand. Basically, throwing away what you have for what you could have in the future.
It's just like spending, what was it, 44 billion dollars or something like that to own Twitter, and not even a year later you drop the brand and rename it X. Like, dude, any decent programmer or sysadmin could spin up a copy of Twitter in a few days of work. You paid $44 billion for the brand.
44 billion for the brand, but more importantly the user base. Although let's not discount the tech behind the scenes. Any decent programmer or sysadmin might be able to spin up a copy of Twitter in a few days. But it's not going to scale to the size Twitter is, and have all the moderation and legal tools Twitter does (although Elon is gutting those by the day), integrate into as many places as Twitter does, have the app infrastructure Twitter does, etc.
But regardless, all those things are irrelevant without people actually using the service. No clone is going to have the user base, and even with the rebrand to X, Elon still has a lot of users. Not as many as when he started, but still a lot. That's what the 44 billion bought.