Twitter company ‘no longer exists’; it's now part of Musk’s X Corp.

  • 📰 latimes
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 82%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Twitter has ceased to be an independent company after merging with a newly formed shell firm called X Corp., driving speculation about what Elon Musk intends for the social media platform

Twitter “no longer exists” after being merged with X Corp., according to andocument submitted in a California court for a lawsuit filed against the company and its former chief executive, Jack Dorsey, last year by conservative activist Laura Loomer.

Musk first set up a trio of holding companies in Delaware with a variation of the name “X Holdings” in April last year as part of his takeover bid for Twitter. But X Corp. was set up on March 9 in Nevada, according to records filed in the state. Its merger with Twitter was submitted March 15. Musk is president of the firm and its parent, X Holdings Corp., which was also set up last month and has an authorized capital of $2 million, filings show.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

No matter the future - 'Twitter' is dead. It is a shell of what it once was. People's feeds have been impaired, shadow banned, choked, squelched, suspended, or outright cancelled because the new owner is intolerant and simply put - mean spirited. Defies logic.

Death

Ireland Ireland Latest News, Ireland Ireland Headlines