Current:Home > MarketsChainkeen Exchange-Before there was X, Meta, Qwikster and New Coke all showed how rebrands can go -Capitatum
Chainkeen Exchange-Before there was X, Meta, Qwikster and New Coke all showed how rebrands can go
Ethermac View
Date:2025-04-05 23:56:16
Last week,Chainkeen Exchange the company formerly known as Twitter underwent changes to its desktop and app interface, as well as its headquarters to become X, a rebrand initiated by its owner, Elon Musk.
Musk bought the company in October for $44 billion and has since made a series of changes, including placing temporary limits on the number of posts users can view, changing the "tweets" to "posts" and charging for verification.
But not everyone is a fan of the new logo, with many on the app complaining of the new design.
While it's too early to tell what X will look like as it transitions to Musk's vision of an "everything app", the changes have brought to mind a few other brands that underwent famous transformations, with varying degrees of success.
Suit threatened:Elon Musk, X Corp. threatens lawsuit against anti-hate speech group
Netflix and Qwikster
In 2011, Netflix announced a plan to divide its DVD mail program and its streaming services into two separate offerings, the latter being called Qwikster. That meant users would have to pay both for Netflix (at the time, just the DVDs) and Qwikster if they wanted both services.
Fans objected to the split in services and the resulting price hike (from $10 to $16 per month for both services). Netflix lost an estimated 1 million subscribers in the month of the switch, as users turned to emerging competitors such as Hulu and Amazon, NPR reported at the time.
A few months after the initial announcement, Netflix abandoned Qwikster.
Dunkin' Donuts to Dunkin'
In 2019, the famous doughnut fast food retailer dropped "donuts" from its name to become just Dunkin'. This rebrand came alongside other changes including an expanded drink menu, increased social media marketing to younger demographics and faster drive-thru lines.
"Dropping 'Donuts' from the name — obviously was like a shot in the air and letting everyone know that Dunkin' is different," Drayton Martin, Dunkin's vice president of brand stewardship, previously told Business Insider. "And we just keep proving that over and over and over again."
Facebook to Meta
In 2021, Mark Zuckerberg announced plans to rename the company previously known as Facebook to Meta, as part of his plan to build a metaverse.
A metaverse is combination of multiple elements of technology, including virtual reality, augmented reality and video where users "live" within a digital universe. Supporters of the metaverse envision users working, playing and staying connected with friends through everything from concerts and conferences to virtual trips around to the world.
X's and Xeets:What we know about Twitter's rebrand, new logo so far
New Coke
In 1985, Coca-Cola released a revamped version of Coke with a changed recipe and the word "new" on the signature red cans. The new formula was sweeter and smoother and expected to be a hit.
Instead, fans of Coca-Cola demanded the company return to the original recipe. One poll found only 13% of soda drinkers liked the new Coke, and Pepsi even went as far as to make fun of it in its own commercials.
Only 77 days later, the company resorted to its original recipe, with "New Coke" serving as the new standard of a failed product rebrand.
Contributing: Mike Snider, Brett Molina
veryGood! (32964)
Related
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Chicago Sky's Kamilla Cardoso, No. 3 pick in WNBA draft, out 4-6 weeks with shoulder injury
- Cara Delevingne Is Covered in Diamonds With Hooded 2024 Met Gala Outfit
- Met Gala 2024: We Couldn't Help But Wonder How Sarah Jessica Parker Stole the Show This Year
- Highlights from Trump’s interview with Time magazine
- Venus Williams Wore a Broken Mirrored Dress to the 2024 Met Gala—But She's Not Superstitious About It
- Emma Chamberlain arrives at the Met Gala in a goth, 'swampy' look that took 640 hours to make
- I 'survived' infertility. But not before it shaped my perspective on everything.
- Could your smelly farts help science?
- 'I did it. I killed her.' Man charged with strangling wife in hospital bed over medical bills
Ranking
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Watch all the Met Gala red carpet arrivals and see the 2024 looks
- Why Prince Harry will not visit King Charles III in London this week
- This is the FJ Cruiser pickup truck that Toyota should have built
- Tom Holland's New Venture Revealed
- 2 bodies found inside 'human-dug' cave in Los Angeles area, authorities say
- Biden to condemn current antisemitism in Holocaust remembrance amid college protests and Gaza war
- Stock market today: Asian shares mostly higher, though China benchmarks falter
Recommendation
The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
Exclusive records show Nevada athletics ran afoul of Title IX. Its leaders shrugged.
Jeannie Epper, epic stuntwoman behind feats of TV’s ‘Wonder Woman,’ dies at 83
Met Gala 2024: We Couldn't Help But Wonder How Sarah Jessica Parker Stole the Show This Year
Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
Condé Nast workers reach labor agreement with publisher, averting Met Gala strike
Exclusive records show Nevada athletics ran afoul of Title IX. Its leaders shrugged.
Woman in Minnesota accused in the deaths of 2 children