Elon Musk on Verge of Realizing the Everything App, as Twitter & X Corp Merge



Twitter Inc. is no longer an independent company following its recent merger with the newly formed, by Elon Musk, X Corp. This is one of the most important steps in making Twitter the app for everything.

Twitter merged with X Corp.

Twitter Inc. is no longer an independent company after being merged with X Corp. The information was revealed in a document filed on April 4 in a California court in a lawsuit filed against the company and its former CEO Jack Dorsey last year by conservative activist Laura Loomer.

The merger will speed up the implementation of the plan into reality

Previously, Elon Musk suggested that the purchase of Twitter would be an accelerator for creating a super app. In early October 2022, he tweeted that buying Twitter would accelerate his drive to build an app for everything, called X. Musk suggested that buying the social media platform would speed up his plan by 3-5 years, although he admitted he might be wrong about that. On Tuesday, after the documents were publicly disclosed, the new owner tweeted one symbol, « X », signifying a new milestone in Twitter’s history.

The Everything App

X is an app for everything that will be similar to the Chinese WeChat. It includes everything from regular social networking to online payments. However, it is worth bearing in mind that at the moment, Musk himself has not voiced a plan for exactly which of his companies will be integrated into it. Speaking at the TED 2022 conference, he said that it would be difficult to create a holding company that brings together all of his companies. This is due to the fact that Tesla is traded on the stock exchange, and because the investor bases of Tesla, SpaceX, Boring Co., and Neuralink are completely different.

Musk prepared to build X before buying Twitter

In April, in preparation for the Twitter acquisition, Musk created a trio of holding companies dubbed “X Holdings.” According to the April 20, 2022 filing, new companies were created in Delaware, each with a variant of the name “X Holdings.” In particular, we are talking about X Holdings II, Inc., which is listed in the document as “Purchaser” and X Holdings I, Inc., which is named “Parent.”

Musk talked about creating a parent back in 2012, and in 2020 said that naming it “X,” which was suggested by one of Tesla’s investors, was “a good idea.” Musk also owns the X.com domain. He owned it when it served as home to his financial services startup, which was eventually merged with another company called Confinity in a deal that would be rebranded as PayPal in 2001.


S'il vous plaît entrez votre commentaire!
S'il vous plaît entrez votre nom ici

Ce site utilise Akismet pour réduire les indésirables. En savoir plus sur comment les données de vos commentaires sont utilisées.

Eva Fox
Eva Fox est journaliste spécialisée dans l'automobile depuis 2019. Les principaux sujets qu'elle couvre sont les énergies propres et les véhicules électriques. En tant que journaliste, Eva est spécialisée dans Tesla et les sujets liés au travail et au développement de l'entreprise, ainsi que d'autres entreprises d'Elon Musk.

━ Sur le même sujet

Elon Musk Says China Intends to Regulate AI

After visiting China and meeting with top officials in the country, Elon Musk notes that the country intends to regulate AI. AI poses a...

Quels coûts devez-vous prévoir pour votre voiture électrique ?

Au-delà du simple prix d'achat, posséder un véhicule électrique implique une approche plus large appelée le TOC (Total Cost of Ownership), qui prend en...

Tesla Open to Licensing Autopilot to 3rd Parties in Future

Tesla strives to be as useful as possible and therefore is open to cooperation with other manufacturers. The company is open to licensing Autopilot/FSD...

Quelle voiture électrique choisir ?

En 2023, le marché des voitures électriques continue de croître et de diversifier son offre. Les constructeurs automobiles proposent une large gamme de véhicules...

Financement Tesla: Nos astuces 2023

Tesla propose un crédit auto à ses clients ainsi qu’une option de location avec option d’achat (LOA) pour le financement de ses voitures électriques. L’emprunteur...