Twitter Inc. it is no longer an independent company, as a recent court filing X Corp. proved to be associated with The move comes after Elon Musk-affiliated holding companies X Holdings I, II and III bought Twitter for $44 billion in October 2021. Here are the details…
Elon Musk merged his companies
Twitter Inc. The latest statement by her lawyers in a lawsuit filed by political activist Laura Loomer against the company is “Twitter Inc. company’s X Corp. confirmed the merger, stating that it had merged with and no longer exists. X Corp is now a subsidiary of X Holdings Corp, of which Elon Musk is CEO. With this latest move, Musk is one step closer to realizing his vision of making X – The Everything App. cryptocoin.com As we reported, Musk previously hinted at the role of X.com in his plan to make Twitter an “all-in-one” solution, including a payment platform.
As it is known, Elon Musk is a longtime supporter of the cryptocurrency Dogecoin, which started as a meme. Recently, Twitter changed its logo to Dogecoin, which resulted in a 25 percent increase in the price of DOGE. This has led to speculation that Dogecoin could be integrated into Twitter’s payment platform. Currently, Twitter has launched payments on the platform using fiat currencies, but Musk has hinted at integrating Dogecoin into the app.
Despite the recent rise in Dogecoin’s price, it is still trading relatively low. The current price of Dogecoin is at $0.08446, up 2% in the last 24 hours. It recorded a low of $0.08247 and a high of $0.08527 in the last 24 hours. Despite this, many investors believe that the cryptocurrency is still bullish and has significant potential.
Musk works for his vision
Musk has previously acquired companies such as The Boring Company and Neuralink and integrated these companies into his vision of building a future with electric cars, space exploration, and brain-computer interfaces. Musk previously described his Twitter acquisition as “an accelerator for creating the everything app X.” According to his own statements, Musk’s vision is to create a comprehensive app that is more than a social media platform and can offer a wide variety of services. By merging with X Corp, Twitter can leverage the parent company’s expertise and resources to achieve this vision.
Twitter’s move to merge with X Corp also highlights the growing trend of consolidation in the tech industry. Many companies are now looking to merge or acquire other companies to expand their reach and capabilities. This trend stems from the need to stay competitive in an increasingly crowded market.
All in all, Twitter’s merger with X Corp is a significant development that could have far-reaching consequences for the tech industry. Musk’s vision of turning Twitter into an everything app could revolutionize the way we interact with social media platforms. With the integration of Dogecoin into the payment platform, Twitter could also become a major player in the cryptocurrency space. It is not yet clear how this merger will turn out.
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