Twitter Inc has merged into X Corp. On Tuesday noon, Elon Musk tweeted the letter “X” and left the internet in a frenzy.
X
— Elon Musk (@elonmusk) April 11, 2023
As per a court filing, “X Corp. is a privately held corporation. Its parent corporation is X Holdings Corp.” The filing is in response to an ongoing case between Laura Loomer and Twitter, who accused the company of violating federal racketeering laws when it banned her account in 2019.
The move comes after a spate of layoffs by the social media company and a number of operational changes for the platform.
In April 2022, Musk formed a trio of holding companies as part of his bid to acquire Twitter Inc. with each having a variation of the name “X Holdings”.
