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If rebranding to a 2 syllable name was a good idea then Misskey would be more popular than Mastodon
Rebranding to a 2 syllable name can be a good idea, without it being the main factor in determining a platform’s popularity.
Also, I think Misskey’s name is more confusing because the use of “Miss” and the way it was marketed makes me think it’s a space for women (and possibly furries).
Instagram? Microsoft?