X has been nothing short of an exercise in brand destruction. However, despite all the drama, it still stands, it still exists, and it remains relevant.
..and 3 years later has a combined valuation with xAI of $113B.
Those waiting for X to collapse are going to wait a lot longer than the original 6 months that it was predicted to collapse after the November 2022 takeover.
I will admit that I was surprised and agree it was a clever move to extend his runway, but it relies on xAI being able to make huge amounts of profit eventually. Twitter/X’s brand value has declined so much and xAI has such a ridiculous cash burn and it really looks to me like he’s just delayed the inevitable by a bit by combining them…