Elon Musk, the CEO of Twitter, is changing the company’s name to X Corp. next month and working on X – The Everything App. Twitter has merged with X Corp., according to court documents on April 4 and April 10.
Twitter Inc. has been renamed X Corp., according to formal declarations and letters addressed to business partners, shareholders, and associated parties. Furthermore, all contracts, billing, and other records, with the exception of the tax ID number, will now be referred to X Corp.
With respect to Twitter’s takeover under parent firm X Holding Corp., there is no change in ownership or management, only a corporate name change. The social media service,
however, will “continue to be known as Twitter.” Elon Musk will officially rename Twitter to X Corp on May 18th, according to new terms and policies. To reflect the name change, the terms of service, privacy policy, and data processing agreement have been modified.
According to a recent court filing in the United States District Court for the Southern District of Florida, Miami Division, X Corp. is based in Nevada rather than Delaware.
Since April 2022, Elon Musk has planned to transform Twitter into a “everything app” akin to China’s WeChat. Twitter is already accepting payments on its platform, with fiat currencies taking precedence. He has, however, hinted towards incorporating Dogecoin into the platform.
Dogecoin’s price has risen 15% in a week due to strong upward momentum. Elon Musk, a Dogecoin supporter, recently updated the Twitter logo to Dogecoin, sparking suspicion about DOGE payment support on the platform. The price of DOGE increased by 25% following the change in the Twitter logo. DOGE is presently trading at $0.0933, a 2% increase in the last 24 hours. The low and high for the day are $0.0919 and $0.0944, respectively.
