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TikTok rivals Twitter with new text format
TikTok rivals Twitter with new text format
by AFP Staff Writers
San Francisco (AFP) July 24, 2023

TikTok, the social platform known for its addictive video content, announced Monday that it will offer text-only posts, becoming the latest tech giant to offer an alternative to embattled Twitter.

The text posts on TikTok will most closely resemble similar offerings on Instagram, which earlier this month also launched a challenge to Twitter -- which owner Elon Musk renamed X -- called Threads.

Like Meta-owned Threads, TikTok benefits from its size, with around 1.4 billion monthly active users, according to specialist site Business of Apps.

But unlike Facebook's parent company, it has chosen to integrate its new text-only feature into its app rather than launch a separate product, as Meta did with Threads.

TikTok's version will remain more visual than a Twitter or Threads post, with users able to add a color background, music and stickers to the post.

The Chinese-owned company said the new format will expand "boundaries of content creation for everyone on TikTok" and tap into the "creativity" seen in comments and captions, the company said.

In addition to Threads, smaller platforms such as Mastodon, Bluesky and Substack Notes have emerged as potential rivals to Twitter, but none have so far dethroned it despite its troubles.

Musk last week said Twitter has lost roughly half of its advertising revenue, leaving an opportunity for the challengers.

Musk rebrands Twitter, replacing bird logo with X
San Francisco (AFP) July 24, 2023 - Elon Musk killed off the Twitter logo on Monday, replacing the world-recognized blue bird with a white X as the tycoon accelerates his efforts to transform the floundering social media giant.

Musk and the company's new chief executive Linda Yaccarino announced the rebranding Sunday, scrapping one of technology's most iconic logos in the latest shock move since the tycoon took over Twitter nine months ago.

Musk's connection to the letter X goes back 24 years when he founded X.com, which later was renamed PayPal despite his objections. His space company is called SpaceX and the parent company of Twitter was changed to X earlier this year.

He described the logo as "minimalist art deco," and updated his Twitter bio to "X.com," which now redirects to twitter.com.

The Tesla CEO also tweeted that under the site's new identity, a post would be called "an X," challenging the public to stop referring to "tweeting" or "tweet."

Since the takeover, Musk has said his acquisition was "an accelerant to creating an "everything app" inspired by China's WeChat, which would function as a social media platform and also offer messaging and payments.

"You basically live on WeChat in China because it's so usable and helpful to daily life, and I think if we can...get close to that at Twitter, it would be an immense success," he told a company town hall meeting in June last year.

The new logo was projected onto the facade of Twitter's San Francisco headquarters on Sunday night.

"Powered by AI, X will connect us in ways we're just beginning to imagine," Yaccarino tweeted.

Yaccarino, a former advertising sales executive at NBCUniversal who Musk hired last month to be Twitter's CEO, said the social media platform was on the cusp of broadening its scope.

"X is the future state of unlimited interactivity... creating a global marketplace for ideas, goods, services, and opportunities."

The logo change was greeted with criticism as well as nostalgia for what had become a symbol for the social media age.

Martin Grasser, one of the original designers of the blue bird logo, wrote that it was intended to be "simple, balanced, and legible at very small sizes."

Twitter founder Jack Dorsey, who signed off on the design in 2012, replied to Grasser with an emoji of a goat, meaning "greatest of all time."

- Brand suicide? -

Esther Crawford, a former head of product at Twitter, said the change amounted to a form of "corporate seppuku," referring to the Japanese ritual suicide for samurais.

Such a move was "usually committed by new management in pursuit of cost-savings due to a lack of understanding about the core business or disregard for the customer experience," she added.

Vanitha Swaminathan, professor of marketing at the University of Pittsburgh, warned that there was a real risk of further damage against the company.

"Every time there is a name change, customers generally don't like change of any kind," she said.

"But in this case, if they really want to move in a different direction, or they want to lose some of the negative PR, this is a good way to give yourself a new start," she added.

Since Musk bought Twitter for $44 billion last October, the platform's advertising business has collapsed as marketers soured on Musk's management style and mass firings at the company that gutted content moderation.

Musk last week said Twitter has lost roughly half of its advertising revenue since he took the reins.

In response, the billionaire SpaceX boss has moved toward building a subscriber base and pay model in a search for new revenue.

Many users and advertisers alike have responded adversely to the social media site's new charges for previously free services, its changes to content moderation, and the return of previously banned right-wing accounts.

Twitter is thought to have around 200 million daily active users, but it has suffered repeated technical failures since Musk sacked much of its staff.

Facebook parent Meta this month launched its text-based platform, called Threads, which has up to 150 million users, according to some estimates.

But the amount of time users spend on the rival app has plummeted in the weeks since its launch, according to data from market analysis firm Sensor Tower.

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San Francisco (AFP) July 23, 2023
After a wildly successful first few days, Threads popularity has waned in the weeks since Meta launched its challenge to Twitter, which lives on despite its problems. The average amount of time people spend on Threads daily has plummeted more than 75 percent since the platform made a rock star debut on July 6, according to data from Sensor Tower, a market analysis firm. Threads was quickly billed as a potential death knell for Twitter, a platform that has tumbled into chaos under the leadership ... read more

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