Epoch Times: Elon Musk-owned X Corp. has absorbed the social media platform Twitter as part of the CEO’s long-awaited move to turn it into an “everything app” similar to China’s WeChat app.
After finalizing his purchase of Twitter Inc. in October 2022, Musk discussed about a plan to gradually turn the platform into an app device that could carry out multiple tasks under the X label.
Starting in early March, a series of corporate-ownership moves ended the existence of Twitter, at least in name.
After a review of court documents from a legal battle between Twitter and former congressional candidate Laura Loomer, it was revealed by Slate on April 10 that Musk’s X Corp. had legally merged with Twitter.
“Pursuant to Rule 7.1(a)(1) of the Federal Rules of Civil Procedure, 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. X Corp. is a privately held corporation. Its parent corporation is X Holdings Corp. No publicly traded corporation owns 10 percent or more of the stock of X Corp. or X Holdings Corp,” read the court documents from April 4.
The documents were made public during Loomer’s was lawsuit against Twitter for violating federal racketeering laws when her account was banned in 2019.
One of the publicly available court filings read: “Twitter, Inc. has been merged into X Corp. and no longer exists.”
As the “successor in interest” to Twitter, X Corp. is now the defendant in Loomer’s suit, under its parent corporation, X Holdings Corp. MORE
He’s a man with a plan!