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Fortune
Fortune
Verne Kopytoff

Elon Musk’s X tries to prove that pivoting to video is a smart strategy rather than a punchline

(Credit: Toby Melville - Pool/Getty Images)

If in doubt, pivot to video.

Over the years, many struggling media companies have bet their futures on online video as a sort of Hail Mary after everything else has failed to turn their businesses around. The strategy, at one point, was so common and, invariably, such a failure, that it became a running joke among Silicon Valley insiders.

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