Twitter has ceased to exist after the company merged with Elon Musk’s X Corp.
According to a report by Slate, in a court filing on Tuesday, 4 April, Twitter quietly revealed the major development that “it no longer exists”.
It says the company is currently being sued by right-wing provocateur Laura Loomer, who accused it of violating federal racketeering laws when it banned her account in 2019.
“Pursuant to Rule 7.1(a)(1) of the Federal Rules of Civil Procedure, the undersigned counsel for defendant X Corp, as successor in interest to named defendant Twitter, hereby states that Twitter has been merged into X Corp and no longer exists,” reads the court document filed by Twitter.
“X Corp is a privately held corporation. Its parent corporation is X Holdings Corp. No publicly traded corporation owns 10% or more of the stock of X Corp or X Holdings Corp.
“Pursuant to Civil LR 3-15, the undersigned certifies that the following listed persons, associations of persons, firms, partnerships, corporations (including, but not limited to, parent corporations), or other entities (i) have a financial interest in the subject matter in controversy or in a party to the proceeding, or (ii) have a non-financial interest in that subject matter or in a party that could be substantially affected by the outcome of this proceeding.”
According to Slate, Musk, who owns Twitter as well as X Holdings Corp, has not yet revealed this merger to the public.
South African-born Musk completed the acquisition of Twitter last year in a $44 billion deal.
Since taking over Twitter, he has been making several changes to the company.
Bloomberg says Musk has in the past suggested that buying Twitter would be an “accelerant” for creating X — which he dubbed an “everything app”.
It adds that Musk tweeted about the move on Tuesday with the single character “X”.
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