Twitter is no longer a legal entity and merged into another organization called X Corp. .“X Corp is a privately held company,” said Willkie Farr and Gallagher LLP lawyers in a court filing..“Its parent corporation is X Holdings Corp.” .The filing said no publicly traded corporation owns 10% or more of the stock of X Corp or X Holdings Corp. .It said X Corp and X Holdings might or might not have a financial and non-financial interest which could be affected by the outcome of the lawsuit independent journalist Laura Loomer initiated against them..Twitter CEO Elon Musk confirmed it has been merged into X Corp. .“X,” said Musk..The move means Twitter joined X Holdings, which has been touted as the future parent company for all of his businesses. It signals the next phase of a plan to turn it into a multipurpose app..Musk owns the X.com domain, having founded a company of the same name in 1999. This company went on to become PayPal..Musk said buying Twitter would allow him to better plan for X. .“Buying Twitter is an accelerant to creating X, the everything app,” said Musk..Musk wasted no time putting his imprint on his takeover of Twitter after he bought it in October..READ MORE: Musk cleans house at Twitter, Trump ban may be lifted.His first moves were to fire Twitter CEO Parag Agrawal, Chief Financial Officer Ned Segal, and Head of Legal Policy, Trust, and Safety Vijaya Gadde..He said he wanted to make it a more freewheeling place for all types of commentary and would reverse the permanent ban of former US president Donald Trump.
