Twitter Inc ‘no longer exists’ as company officially merges with X Corp
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Court filing have revealed that Twitter Inc., the parent company of social media platform Twitter, owned by Elon Musk, has merged with a privately held company called X Corp., also owned by Musk, with the merger seeing Twitter Inc. official close down and no longer exist.
“In a court filing on Tuesday, April 4, Twitter Inc. quietly revealed a major development: It no longer exists,” reports Slate. “The company is currently being sued by right-wing provocateur Laura Loomer, who accused it of violating federal racketeering laws when it banned her account in 2019. Loomer has a Twitter account again, and her absurd lawsuit is bound to fail—but until it does, Twitter, as a defendant, must continue to submit corporate disclosure statements to the court. And so, in its most recent filing, the company provided notice that ‘Twitter, Inc. has been merged into X Corp. and no longer exists.’”
X Corp. is further owned by holding company X Holdings Corp., which Musk is involved with.
The merger hasn’t been announced and likely won’t have any effect on the app or service for now.
Elon Musk has previously said Twitter would become the “everything app” called X.