Twitter recently made an announcement claiming that the company has merged with an “everything app” owned by Elon Musk, known as X. Twitter revealed in a court filing that the company no longer exists. Twitter assets have merged with X Corp.
What is X Corp.?
X Corp. is a privately held corporation in Nevada. The principal place of business is in San Francisco, California. Elon Musk wanted to create an application that is capable of offering comprehensive functions, similar to WeChat in China.
Musk has long been determined to introduce an app that would act as a “super app” for the United States. In one of his podcasts last year, Musk expressed that there are two possibilities; Either Twitter will become an application as such or a new application will be launched. Elon Musk referenced China’s WeChat, an app that is actually a nearly comprehensive platform consisting of social media, messaging, and an ad payment system. However, the United States so far lacks that platform. According to Elon Musk, 51, introducing such an application will be the next logical step for the United States.
What does the merger mean?
Twitter’s merger with X Corp. is an important step. This step shows that Elon Musk intends to move in the direction of his long-term vision for the business. It was in 1999 when Musk showed interest in creating the Everything application. It was in this year that he co-founded X.com, an online bank. This online bank was later merged to create PayPal. App X aims to be an app that is actually all-encompassing in nature. This means it would come with not one but a multitude of features, including messaging, social networking, and a payment system.
Legal presentations
Laura Loomer, a journalist who sued Twitter and many other social media companies, published the legal filing that talks about Twitter’s merger with X Corp. Other lawyers such as Michael Gottlieb, Kristin E. Bender, Jonathan Patchen, Yuhan Alice Chi and Meryl Conant Governski. He also signed the legal document. Laura Loomer is suing Facebook and Meta Platforms, along with their CEOs. It was in the US District Court for the San Francisco Division of the Northern District of California that the extortion case was first filed on May 2, 2022. Twitter attorney Joshua Webb also showed documents to file that Twitter, Inc. has merged with X Corp. and no longer exists, in the United States District Court for the Southern District of Florida, Miami Division.
What is the Employee Pension Plan? Let’s get to know the scheme better!
Categories: Optical Illusion
Source: ptivs2.edu.vn