X Corp.

The new CEO of the company formerly known as Twitter says she's spent much of the past eight weeks trying to get big brands back and advertising on the social media platform that's been in upheaval since it was bought last year by Elon Musk.

Following several complaints, Elon Musk's "X" sign has been removed from his social media company, formerly known as Twitter's San Francisco headquarters on Monday in the afternoon hours, The Hill reported.

The silhouette of a blue chirping bird used by Twitter as the world-famous logo of the micro-messaging service is now a thing of the past. The new logo is the X sign.

Twitter owner Elon Musk hinted at it over the weekend and even showed it off in a short video, but without guaranteeing that this would be the logo.

Elon Musk says Twitter is still losing cash because advertising has dropped by half.

In a reply to a tweet offering business advice, Musk tweeted on July 15, "We're still negative cash flow, due to (about a) 50% drop in advertising revenue plus heavy debt load."

"Need to reach positive cash flow before we have the luxury of anything else," he concluded.

In what may be the clearest sign yet that Twitter sees Meta as a competitive threat, the former has threatened the latter with a lawsuit following the successful launch of Meta's new Twitter rival, Threads, reported CNN.

After months of speculation and secrecy, Mark Zuckerberg's long-rumored competitor app to Twitter is here.

A new online communication app is now available in the United States, aiming to become a serious competitor to the social network Twitter. The application is called "Threads" and was developed by "Meta" - the company that manages Facebook.

Facebook owner Meta's new Threads app, meant to compete with Twitter, was available for pre-order on mobile app stores on iPhone and Android operating systems on July 3.

Listed as "Threads, an Instagram app," the new program should be available in the coming days, and is described on Apple's app store as "Instagram's text-based conversation app."

Elon Musk announced on July 1 that Twitter would temporarily restrict how many tweets users could read per day, in a move meant to tamp down on the use of the site's data by artificial intelligence companies.