TWITTER NO MORE: Musk Folds Site into New Company

Elon Musk’s takeover of social media giant Twitter has been controversial, (to say the very least), but the eccentric billionaire’s latest move may be his strangest yet.

Musk’s stated plans for Twitter were rather simple.  The Tesla CEO was hoping to transform the platform into a free speech haven and “unlock” the true potential of this powerful communications tool.   Instead, a steady stream of scandal has been pouring forth from Twitter, and this week’s latest news is perhaps the most alarming revelation thus far. 

Elon Musk-owned X Corp. has absorbed Twitter Inc. as the first step to becoming an “everything app” similar to China’s WeChat.

Twitter’s slow transformation from micro-blog to everything platform has seemingly begun. A series of corporate ownership moves has made Twitter Inc. cease to exist, at least in name.

According to information obtained by Slate, X Corp. merged with Twitter Inc. on April 4. This information was revealed within court documents from an ongoing court case between Twitter and Laura Loomer.

The court case in question isn’t particularly important, it’s a case where Loomer is suing Twitter for violating federal racketeering laws when her account was banned in 2019. What is interesting are court filings that were shared publicly.

The verbiage left little room for interpretation.

The filing reads: “Twitter, Inc. has been merged into X Corp. and no longer exists.”

While the timeline for Twitter’s transformation remains unknown, some have suggest that X Corp could become a parent company for all of Elon Musk’s various business outlets.