Twitter Inc. is no more, having been subsumed into Elon Musk’s X Corp, in a move many believe will be the initial step towards producing what Musk has referred to as an “everything app” similar to the Chinese app WeChat.

If so, the corporate ownership move marks the beginning to the microblogging site’s transformation from a social media app to an all-service platform which will likely handle payments, issue government alerts, offer news and commentary, facilitate connections between users, help plan travel and purchase tickets and accommodations, and sell products.

According to a report in Slate, on April 4th, X Corp merged with Twitter Inc. The information came to light in court documents in an ongoing legal case between Twitter and conservative personality Laura Loomer. Loomer is suing Twitter under federal racketeering laws for banning her account in 2019.

In the court filings which were shared publicly, it was revealed, “Twitter, Inc. has been merged into X Corp. and no longer exists.”

Although it appears the merger will not have any immediate effect on the social media platform, and has not even been announced, it has been noted by observers as a possible first step toward Twitter beginning to morph into something new. Musk has previously said he has ambitions of turning Twitter into an “everything app” which he called “X” and which he indicated would rival China’s WeChat.

Some analysts have pointed out that there is no explicit indication that the shift in corporate ownership is definitely related to changes in Twitter. The report from Slate notes, it is possible the move to place Twitter beneath a parent company called X might simply be a part of Musk placing all of his properties under a single parent company, including Tesla and Space X.

Analysts note however that all of the debt obligations and lawsuits which Twitter carried before will be carried into the new X Corp, as Twitter sees its corporate structure move from Delaware to Nevada.

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