Official documents show that the Twitter company no longer exists externally and has been officially merged with X Corp.
According to the Social Media Today report, Elon Musk’s next significant move concerning Twitter is to change the name of this social network. Twitter Inc. “no longer has an external presence,” official documents show. Twitter has merged with another company called X Corp, which Elon Musk manages.
Twitter’s merger with Company X is seen in court documents. In part of these documents, we read: “.Twitter Inc. has merged with X Corp and no longer exists. X Corp is a privately held company based in Nevada, with its principal place of business in San Francisco, California.
Twitter’s integration with X reflects one of Elon Musk’s most significant ideas: building an “everything app.” Musk previously called this application X. The CEO of Tesla and SpaceX also owns the X.com domain.
At the moment, it is not clear what capabilities the X application is supposed to have, but Musk is likely building a service like China’s WeChat. People’s lives in China are tied to WeChat, An application that, in addition to providing messaging services, has internet taxi service, food ordering, banking services, etc.
Elon Musk, who has experience in the financial sector due to the founding of PayPal, is looking to add financial services to Twitter. From Elon Musk’s point of view, Twitter can become a platform for efficiently transferring assets. Elon Musk has said that he will make Twitter the largest financial institution in the world.
In 1999, Elon Musk founded an online banking startup called X.com, which PayPal eventually acquired. At the time, PayPal was called “X.com” but changed its name after Elon Musk left.
One of the possible changes in Twitter during the leadership of Elon Musk will be to provide the use of cryptocurrencies. Musk has a strong interest in cryptocurrency and even temporarily changed the Twitter logo to Dogecoin a few days ago.
2 thoughts on “The uncertain future awaits Twitter; The popular social network has merged with X Corp.”
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Thank you for your opinion