Peter Thiel, left, and Elon Musk, right, hold VISA credit cards branded with the X.com company logo on October 20, 2000.Paul Sakuma/AP Elon Musk announced Saturday that he plans to rebrand Twitter and change the bird logo to 'X.' The rebrand is part of Musk's long-touted vision to create an 'everything app.' Musk previously wanted X to be the name of a banking services site now known as PayPal. Elon Musk announced plans on Saturday to ditch Twitter's bird logo for an "X" — a reference to the CEO's vision to create an all-encompassing "everything app" that may incorporate shopping and banking services, among other features.The domain X.com now redirects users to Twitter.