Well, folks, it looks like Twitter is no more! That’s right, the beloved social media platform has gone through a bit of an identity crisis and decided to merge with a new shell firm called X Corp. It’s kind of like when your friend gets a new boyfriend/girlfriend and suddenly start going by a different name – except in this case, it’s a billion-dollar company and we’re all left wondering what the heck is going on. It’s almost too funny to say that Twitter has become X, but here we are! haha!
Elon Musk’s intentions for the social media platform have been the subject of rumors following the recent merging of Twitter and the newly created X Corp. Twitter “no longer exists” as a result of the merger with X Corp, claims a document filed in a California court for a case brought by conservative activist Laura Loomer against the company and its former CEO Jack Dorsey. The document is getting attention on social media platforms since yesterday.
Although the effects of this move are not yet evident, it is important to remember that Twitter has experienced considerable adjustments since Musk purchased the business for $44 billion last year. The billionaire has previously made suggestions that Twitter might become a “everything app” under the X name, perhaps competing with Chinese social media giant WeChat.
Despite the absence of official statements, there are rumors that this merger may mark the beginning of the development of the X app. It is also conceivable that this action may lead to the creation of a larger parent organization called X that would govern all of Musk’s ventures, including Tesla and SpaceX.
It’s interesting to note that Twitter is now headquartered in Nevada rather than Delaware under X Corp. However, the new X Corp will inherit all of the debts and lawsuits that Twitter and Musk faced before to the merger.
The fact that Elon Musk now owns the “X.com” domain, which he previously used for a payment service that was incorporated into PayPal, fuels even more rumors about what he has in store for the X name.
On Tuesday, Musk tweeted about the change with just the letter “X.” as well.
X— Elon Musk (@elonmusk) April 11, 2023
It is crucial to remember that Twitter is still a fully functional social media network, but debate still surrounds the types of content and individuals it allows and disallows. Many members of the IT community are turning to other platforms for safety as a result as well.
Concerns regarding the future of the social media platform have been sparked by the merging of Twitter and X Corp. Even while it’s yet unclear whether this merger will result in the development of the X app or whether it’s simply a part of a bigger reorganization of Musk’s properties, it’s obvious that it’s a big deal for Twitter and its future.