Twitter No Longer Exists As X Corp. Is Born

Twitter has ceased to be an independent company after merging with a newly formed shell firm called X Corp., driving speculation about what Elon Musk intends for the social media platform, Low De Wei and Marika Katanuma reported for Bloomberg News.

Photo Insert: It’s unclear what the change means for Twitter, which has seen a sweeping overhaul since Musk bought the company for $44 billion last year.

Twitter “no longer exists” after being merged with X Corp, according to a document submitted in a California court for a lawsuit filed last year against the company and its former CEO, Jack Dorsey, by conservative activist Laura Loomer.

In another report, Elon Musk was said to have ordered the dropping of the letter “w” from the Twitter logo, thus making it “Titter.”

It’s unclear what the change means for Twitter, which has seen a sweeping overhaul since Musk bought the company for $44 billion last year. The billionaire owner has in the past suggested that buying Twitter would be an “accelerant” for creating X — which he dubbed an “everything app”.

Musk tweeted about the move on Tuesday with the single character “X.”

The billionaire owner has in the past suggested that buying Twitter would be an ‘accelerant’ for creating X, which will be similar to China’s WeChat, a super app owned by Tencent Holdings used for everything from payments and booking event tickets to messaging.

WEEKLY FEATURE : MVP Group Keeps Lights On During Pandemic