Twitter no longer exists: it was taken over by one of Elon Musk's companies

X Corp., founded by Elon Musk back in 2006, took over Twitter, Inc. This is the first step towards creating a "universal application" similar to China's WeChat. iXBT.

Photo: IStock

Last year, Musk wrote on his Twitter page that his intention to buy the platform was driven by plans to create an "X" app, an "app for everything" that would include the social network itself, messaging capabilities and a payment system.

Last week, April 4, Twitter Inc. was merged into a new organization called X Corp. This information was revealed in court documents from the ongoing legal battle between Twitter and Laura Loomer. Loomer sued Twitter for violating federal extortion laws when her account was suspended in 2019.

On the subject: Elon Musk again unsuccessfully joked: we have collected several examples of the strange humor of a billionaire

In its latest statement, the company said that "Twitter, Inc. was merged with X Corp. and ceased to exist. As the "successor" of Twitter Inc. after the merger of X Corp. now the defendant in Loomer's lawsuit. The parent corporation is called X Holdings Corp.

It is not yet clear what will be the consequences of the takeover of Twitter by X Corp. Elon Musk did not make an official statement, but only posted a tweet on his account with the letter X.

X

- Elon Musk (@elonmusk) April 11, 2023

Musk first established a trio of holding companies in Delaware called "X Holdings" last April as part of his efforts to take over Twitter.

Like the article? Support ForumDaily!?

According to the documents, X Corp. was created on March 9 in Nevada, and its merger with Twitter was unveiled on March 15. Musk is the president of the company and its parent company, X Holdings Inc., which was established last month and has a registered capital of $2 million, reports business today.

The corresponding social network retains the name Twitter.

The 3rd letter from the end of the Latin alphabet is present in many of the names of Musk's projects: SpaceX, Tesla Model X, as well as the x.com website - the billionaire owned this domain name before founding the PayPal payment system. The billionaire named his son, born in 2020, X Æ A-12.

You may be interested in: top New York news, stories of our immigrants, and helpful tips about life in the Big Apple - read it all on ForumDaily New Y.

As ForumDaily wrote earlier:

• Elon Musk in October 2022 officially took charge of the acquired microblogging company after the completion of the acquisition for $44 billion.

Read also on ForumDaily:

Russia sends passenger planes to Iran for repairs: other options for the country are closed due to sanctions

A bank in the United States may suddenly close your account if it considers transactions on it to be suspicious

'Everything has slowed down': what a person feels when lightning strikes him

Do you want more important and interesting news about life in the USA and immigration to America? — support us donate! Also subscribe to our page Facebook. Select the “Priority in display” option and read us first. Also, don't forget to subscribe to our РєР ° РЅР ° Р »РІ Telegram  and Instagram- there is a lot of interesting things there. And join thousands of readers ForumDaily New York — there you will find a lot of interesting and positive information about life in the metropolis.