Twitter Company's Demise The Twitter Company's Demise has come to an end as it has been merged into Elon Musk's X Corporation.
This was revealed by a document submitted to a district court in Florida. According to this document, Twitter company has been made a part of Elon Musk's other corporation.
Elon Musk has previously hinted at making Twitter a super app similar to China's WeChat.
For this super app, he has also used the name X The Every Thing app in a tweet in the past.
Twitter's social media platform will remain intact, but its merger with X Corporation is the first step towards creating a super app.
After the court document came out, a tweet was also made by Elon Musk, on which only 'X' was written. According to the document, Twitter was made part of X Corporation and it has ceased to exist, X Corporation is a private company. And X Holdings Corporation is its parent company.
However, Twitter's social media platform will not be affected by this change for now.
The document was filed in a lawsuit filed against Twitter by a woman, Laura Loomer.
The woman's account was banned in 2019 after she filed a lawsuit.
Keep in mind that Elon Musk bought Twitter for $44 billion in October 2022 and since then has changed a lot in the social media network.
They have fired 80 percent of the company's employees and its revenue has also seen a significant decline. Since the launch of Twitter Blue, the company has been saying that free blue ticks will be removed from accounts in the coming months and that the process of removing such blue ticks will begin on April 20.
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