Twitter Inc is now part of Elon Musk's new company X Corp

The Twitter ceased to be an independent company after merging with a newly formed shell company called X Corp, raising questions about what he plans to do Elon Mask with the social networking platform, he reports in his publication Bloomberg.
Το Twitter «δεν υφίσταται πλέον» , σύμφωνα με έγγραφο που υποβλήθηκε στις 4 Απριλίου σε δικαστήριο της Καλιφόρνιας για treatment που κατέθεσε πέρυσι η συντηρητική ακτιβίστρια Λόρα Λούμερ κατά της εταιρείας και του πρώην διευθύνοντος συμβούλου της, Τζακ Ντόρσεϊ.

It's not yet clear what the change means in practice for Twitter, which has undergone a sweeping overhaul since Musk bought the company for $44 billion.

The billionaire owner has hinted that buying Twitter will be an "accelerator" for the creation of X Corp - which he called an "app for everything". Musk tweeted about the move this Tuesday with the single character "X."

Ο δεύτερος πλουσιότερος άνθρωπος στον κόσμο έχει δηλώσει την επιθυμία του να κάνει το X παρόμοιο με το WeChat της Κίνας, μια υπέρ-εφαρμογή που ανήκει στην Tencent Holdings και χρησιμοποιείται για μια μεγάλη ποικιλία σκοπών, όπως πληρωμές, κρατήσεις εισιτηρίων για εκδηλώσεις και ανταλλαγή μηνυμάτων. Αλλά ήταν ασαφής σχετικά με το πώς θα ταιριάξει με την εκτεταμένη επιχειρηματική του αυτοκρατορία, η οποία περιλαμβάνει τον γίγαντα των ηλεκτρικών αυτοκινήτων Tesla και την Space Exploration Technologies ή SpaceX. Ο Μασκ κατέχει επίσης το domain «X.com» – το όνομα της εταιρείας ηλεκτρονικών πληρωμών που ξεκίνησε και τελικά συγχωνεύθηκε με την PayPal.

Musk first formed a trio of investment companies in Delaware under a variant of the name "X Holdings" last April as part of his bid to buy Twitter. But X Corp. was incorporated March 9 in Nevada, according to records filed with the state. The documents for its merger with Twitter were submitted on March 15.

Musk is chairman of the company and its parent, X Holdings Corp. which was also founded last month and has an authorized capital of $2 million, filings show.

"Musk could create a parent structure, similar to Alphabet, where he has all his companies," said Madip Singh, an analyst at Bloomberg Intelligence. "I don't see how it can get e-commerce or Twitter payments right when its biggest competitors, like Alphabet and Meta, are struggling to become a one-size-fits-all app to serve the consumer audience."

Twitter, which no longer has a team that handles media inquiries, did not immediately comment on questions sent by Bloomberg News. Attorneys for the firm representing Twitter in the case, Willkie Farr & Gallagher, also did not respond to a request for comment.