Court records indicate Elon Musk has discreetly merged Twitter into X Corp., effectively dissolving Twitter Inc.
Although neither Twitter nor Elon Musk has released any statements regarding the merger of Twitter, court documents disclosed during a lawsuit reveal Musk’s decision.
The lawsuit, filed by a user named Loomer against Twitter for suspending her account in 2019 without reinstatement, may not be particularly noteworthy, but the case inevitably involves legal entities, prompting the court to disclose certain documents.
These documents reveal that Musk has merged Twitter Inc. with X Corp., one of Musk’s companies. The merger’s legal documentation was initially effective as of March 15, 2023, and by April 4, it seems the consolidation was complete, leaving Twitter Inc. no longer in existence. The newly merged company is registered in Nevada, with its headquarters in San Francisco.
At present, neither Twitter nor Musk has announced this news. However, since this only constitutes a change in the legal entity, it should not impact the Twitter brand or its current operations.
Musk has previously expressed interest in emulating WeChat by developing an all-encompassing X app. He has noted that in China, one can essentially live on WeChat, and if Twitter could become akin to WeChat, it would achieve tremendous success.
It remains unclear whether Musk intends to launch an X app or continue to retain the Twitter brand while making adjustments to its existing foundation. Nevertheless, recent changes to Twitter over the past six months suggest that Musk is indeed steering the platform toward a WeChat-like model.
Via: appleinsider