So Long Twitter, Hello X | Twitter is Dead

Twitter is dead — at least on paper: Court filings reveal the company has been merged into Elon Musk's X Corp, fueling speculation about its "everything app."

Key TakeAways 

• Court documents revealed that Twitter is now known as X Corp.
• Privately owned company X operates within the holding company.
• Speculation is growing over Musk's plans for an 'everything app' that could potentially include messaging and payments. {alertSuccess}

Journalist Laura Loomer, who sued Twitter for banning her account in 2019, shared photos of the legal documents on the social media platform. She also linked them to an October 4 tweet from Musk, in which he said that his Twitter purchase was "an accelerator to make X, the everything app".

Documents suggest that the lawyer for the defendant "states that Twitter Inc. has been merged with X Corp and is no longer present." Lumor's suit was accused of violating federal looting laws by banning it on Twitter.

Musk took on Twitter on Tuesday and tweeted the letter "X" as news spread about the corporate reshuffle. Kasturi has been fit on its plans for the forum because there is speculation that it wants to create a "everything app" on the lines of China's WeChat, which has $ 1.24 billion users and messaging, social networking and in it. -App payments include.

Mandeep Singh of Bloomberg Intelligence told Bloomberg News, "Musk can create an original structure similar to alphabet, where they have all companies." Nevertheless, it will not be easy to create a parent company like alphabet.

He said, "I don't see how he can fix e-commerce or payment in Twitter, when big colleagues like Alphabet and Meta have struggled to become everything on the consumer side."