Twitter Inc. is not a company anymore as a court filing shows that the social media company has merged with X Corp. X Holding Corp is the parent firm of privately held company X Corp.
With the latest move, CEO Elon Musk took one step closer to making X – The Everything App. Elon Musk also hinted at the role of X.com in his plan to make Twitter a payment platform.
On April 4th, lawyers defending Twitter Inc in a lawsuit from political activist Laura Loomer filed a corporate disclosure statement with the U.S. District Court in the Northern District of California, San Francisco Division stating that “Twitter Inc. had been merged into X Corp. and no longer existed.”
Moreover, a recent court filing at the U.S. District Court in the Southern District of Florida, Miami Division revealed that Twitter under X Corp. is now based in Nevada instead of Delaware.
The Wikipedia page about Twitter Inc. also reads as “Twitter, Inc. was an American social media company based in San Francisco, California. The company operated the social networking service Twitter.”
In an October 4 tweet, Elon Musk described his acquisition of Twitter as “an accelerant to creating X, the everything app”.
The post BREAKING: Elon Musk’s “Twitter” Doesn’t Exist Anymore, Merges With X Corp appeared first on CoinGape.
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