Twitter, Inc has gone the way of the dodo and has officially ceased trading under that name.
According to a California court filing, the company formerly known as Twitter, Inc has had its name changed to X Corp.
The filing reads:
“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. X Corp. is a privately held corporation. Its parent corporation is X Holdings Corp.”
As Twitter is no longer a publicly held company, it has no obligations to announce changes to its name or any other company information.
Musk had been talking about changing the company’s name to X Corp (or something similar) prior to his messy takeover of Twitter. He has also posited using the remnants of Twitter to create a so-called “everything” app that would allow users to make payments, do their banking, book rideshares and so on.
The closest analogue to an everything app would be China’s WeChat — most Chinese use the app every day for almost anything from connecting with friends and family to managing their finances.
X.com is also the name of Musk’s payment startup which was folded into PayPal at the turn of the century.
However, there is one big fly in Musk’s X Corp ointment. Twitter is rampant with bugs and faulty code, there is practically no one left in the workforce to make significant changes to the platform and it is losing money hand over fist as its proposed pivot from ad dollars to paid-for verification falters.
