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Twitter Inc. has recently been merged with X Corp., a privately-owned company operating under X Holdings Company which are both owned by Elon Musk. With the merger, the social media platform that was also acquired by Musk last year no longer exists.
The shocking information was revealed via new court documents that were shared by Laura Loomer, a journalist who is suing Twitter, on Twitter. She posted a series of tweets earlier this week, and the papers showed Twitter is now X Corp. after Musk consolidated them.
As per Fox Business, the documents were signed by New York-based law company Willkie Farr & Gallagher LLP and lawyers - Johnathan Patchen, Kristin E. Bender, Michael Gottlieb, Yuhan Alice Chi, and Meryl Conant Governski. It involves the case filed by Loomer against Meta Platforms, Facebook, Mark Zuckerberg, former Twitter chief Jack Dorsey, and Proctor and Gamble.
Loomer sued them for a racketeering case that was originally filed in May 2022 at the U.S. District Court for the Northern District of California San Francisco Division. In a separate filing in the U.S. District Court for the Southern District of Florida Miami Division, Joshua Webb, Twitter's lawyer, revised the said documents to indicate that "Twitter, Inc. has been merged into X Corp. and no longer exists."
"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, Inc., hereby states that Twitter, Inc. has been merged into X Corp. and no longer exists," part of the filing reads. "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."
Finally, while Elon Musk has not announced or revealed this huge change related to Twitter, Bitcoinist reported that public documents stated that the merger of the social media platform and X Corp. was filed on March 15, 2023, in Nevada.
Photo by: Alexander Shatov/Unsplash
