Newly exposed court documents revealed that the old Twitter Inc. is dead. Investigative journalist Laura Loomer posted a picture of a legal filing amongst a series of Monday tweets showing the social media giant has merged into X Corp.
This privately held group is under X Holdings Company, and both are owned by billionaire entrepreneur Elon Musk.
Loomer is suing Twitter and other social media companies. The legal filing she posted said that “the undersigned counsel for Defendant X Corp., as successor in interest to named Defendant Twitter Inc., hereby states that Twitter Inc. has been merged into X Corp. and no longer exists.”
Further, the filing said that “no publicly traded corporation owns 10% or more of stock” of either X Corp. or X Holding Corp.
#BREAKING: Twitter is Dead
A filing at Southern District of Florida shows that Twitter Inc has merged with X Corp and now Twitter no longer exists.
X Corp’s parent company is X Holding Corps.
The new phase of Twitter will be X Corp.
Is this the start of the everything app? pic.twitter.com/vposdXKbGV
— Mario Nawfal (@MarioNawfal) April 11, 2023
Musk attracted considerable controversy last year with his purchase of Twitter and particularly his stalwart commitment to free speech. Critics lined up to announce the demise of the platform as it would descend into chaos and anarchy.
That has not been the case, of course, though many will undoubtedly speculate whether this latest business move is a benefit or hindrance to Musk’s free speech stand.
The Twitter owner, who is a prolific user of his platform, acknowledged the new entity by posting the single letter, “X.” Many observers believe this latest move is another step in the billionaire’s pursuit of the so-called ‘everything app.”
Musk is on the record touting a new kind of social media platform that most Americans have not encountered. He calls it “X,” and the Tesla CEO said his acquisition of Twitter accelerated the process by three to five years.
He already owns the domain “X.com.” Musk shared that he believes this “pretty grand vision” would be quite useful across the globe. Though he has not been specific about his grand plans, he indicated last year that part of his vision mirrors that of Tencent’s WeChat.
This is a Chinese social media phenomenon that offers sweeping services to users. Besides the expected messaging and video chatting, features include video games, banking, shopping, photo sharing, ride services, and food delivery.
Musk weathered the original storm of leftist outrage over a social media platform being controlled by someone with conservative leanings. More changes are coming to Twitter, and for many this is an exciting development.