- Twitter Inc. has merged with X Corp, owned by Elon Musk, according to a court filing.
- Elon Musk has been planning to turn Twitter into an “everything app” similar to China’s WeChat since April 2022.
Elon Musk’s Vision for Twitter
Elon Musk’s plan to turn Twitter into an “everything app” has taken one step closer to reality with the recent court filing that shows Twitter Inc. has merged with X Corp. X Holdings Corp is the parent firm of the privately held company X Corp, and Elon Musk registered three holding companies named X Holdings I, II, and III in April 2022 to acquire Twitter for $44 billion. The deal was completed in October last year.
With this move, Elon Musk is taking one step closer to making X – The Everything App. Musk has hinted at the role of X.com in his plan to make Twitter an all-in-one solution, including a payment platform. In an October 4 tweet, Elon Musk described his acquisition of Twitter as “an accelerant to creating X, the everything app.”
On April 4th, lawyers defending Twitter Inc in a lawsuit from political activist Laura Loomer filed a corporate disclosure statement with the U.S. District Court in the Northern District of California, San Francisco Division stating that
Twitter Inc. had been merged into X Corp. and no longer existed.
Moreover, a recent court filing at the U.S. District Court in the Southern District of Florida, Miami Division revealed that Twitter under X Corp. is now based in Nevada instead of Delaware. The Wikipedia page about Twitter Inc. also reads as “Twitter, Inc. was an American social media company based in San Francisco, California. The company operated the social networking service Twitter.”
Elon Musk and Dogecoin
Elon Musk has been a vocal supporter of Dogecoin, and he recently changed the Twitter logo to Dogecoin, raising speculation of DOGE support on the platform for payments. DOGE price skyrocketed 25% after the change in the Twitter logo. Twitter is already introducing payments on the platform, with fiat currencies as the first preference.
However, he has hinted at integrating Dogecoin into the platform. DOGE price is currently trading at $0.08446, up 2% in the last 24 hours. The 24-hour low and high are $0.08247 and $0.08527, respectively.
In conclusion, Elon Musk’s plan to turn Twitter into an “everything app” has taken one step closer to reality with the recent court filing that shows Twitter Inc. has merged with X Corp. The move is one step closer to making X – The Everything App.
Elon Musk has been planning to turn Twitter into an all-in-one solution, including a payment platform, and has hinted at integrating Dogecoin into the platform.