News

Elon Musk Reveals Twitter Rebrand And Changes Logo To “X”

After the controversial CEO spent a busy evening tweeting about the upcoming name change, today, the well-known bird logo has been axed.

Published

1 year ago

July 24, 2023

Nour Nasir

Yes, you read that correctly, and no, this isn’t a late April Fool’s joke. The domain X.com now redirects to Twitter, following an announcement from owner Elon Musk last night amidst a flurry of Tweets.

The iconic Twitter bird logo, which has been used since 2010, has already been replaced by a temporary “X” logo, which Musk explained would probably be “refined” in the near future.

pic.twitter.com/IwcbqMnQtA

— Elon Musk (@elonmusk) July 23, 2023

Elon Musk has used the letter X repeatedly in his various projects and originally intended PayPal to be named “X.com”. At one point, the eccentric billionaire started a Twitter Spaces session called “No one talks until we summon Elon Musk,” where he sat silently for nearly an hour before unmuting himself and confirming he would change Twitter’s logo the following day, adding “we’re cutting the Twitter logo from the building with blowtorches”.

Also Read: Meta & Microsoft Release AI Language Tool For Commercial Use

Last night, Musk reportedly sent an email to Twitter employees announcing that the company would soon be known as X and that this was the last time he would email from a Twitter address, according to a Threads post from Zoe Schiffer, managing editor at news site Platformer. Schiffer added that she assumed Musk was talking about the new logo “since Twitter’s business was already renamed X Corp”.

There have been several controversial changes to the platform since its sale to the Tesla and SpaceX entrepreneur, but the rebranding to X.com is the clearest indication yet from Musk that the site is no longer the same social network it was before his takeover.

News

Mamo Completes $3.4M Funding Round To Enhance Fintech Services

The startup will use the influx of cash to expand into Saudi Arabia and across the wider GCC while improving its product offering.

Published

1 day ago

July 25, 2024

Nour Nasir

Mamo

UAE-based fintech Mamo has announced the completion of a $3.4 million funding round that will help the startup extend its market presence and improve its product offering. Investors included 4DX Ventures, the Dubai Future District Fund and Cyfr Capital.

Mamo’s platform offers “payment collection, corporate cards and expense management” to help small and medium-sized businesses consolidate and streamline their operations. With the latest influx of capital, Mamo will further develop its comprehensive suite of services and begin testing its product lines in Saudi Arabia, further extending its footprint across the GCC.

Imad Gharazeddine, co-founder and CEO of Mamo, stated: “We’ve been in the market for a while now and are incredibly proud of what our team has achieved. The holistic and expansive nature of our product offering has helped us continue to grow sustainably. This additional funding will allow us to reach our medium-term goals even faster. The support from new and existing investors is a testament to our strong expertise and the ability to deliver on our customer promise”.

Daniel Marlo, General Partner of lead investor 4DX Ventures, added: “We have immense trust in Imad’s vision, leadership and Mamo’s innovative approach to provide a user-friendly and comprehensive financial solution for SMEs that makes financial management more accessible and efficient. We are proud to partner with them and support their mission”.

Also Read: A Guide To Digital Payment Methods In The Middle East

Amer Fatayer, Managing Director of Dubai Future District Fund’s investment team, also commented: “Mamo’s localized product lines serve as an infrastructure for SME payments and spend management in UAE, a segment that is underserved by the country’s current banking infrastructure. The team has taken a product-first approach to consolidating SMEs’ financial journeys and building a fintech solution deeply embedded in a business’s core operations”.

To date, Mamo has raised around $13 million in investment funding and now boasts a team of 30 people. The company’s intuitive financial services platform has allowed over 1,000 businesses to consolidate their financial operations and significantly reduce payment fees.