California court filings reveal that Twitter, Inc has now become X Corp. Elon Musk appears to be steadily moving towards his goal of building “X-the Everything app.”
However, the name change was not unusual. Musk’s actions as Tesla CEO have shown that he is a big believer in vertical integration. The car company currently has many subsidiaries.
Names like X are likely to be associated with Elon’s financial startup X.com, which later merged into Paypal.
Twitter is no longer listed in the public organizations directory. The SEC doesn’t need to be notified of the name change. The new name was discovered when Laura Loomer, an activist against Facebook and Twitter, filed a lawsuit. The lawsuit was filed by a political activist to end hate speech policies on Twitter and Facebook, as well as other social media giants.
Twitter, Inc. was merged into X Corp., and is no longer in existence.Lawsuit documents
It is believed that X will be identical with WeChat – the Chinese all in one app for ride-sharing and payments, messaging, delivery of food, and a variety of other services.
Musk has always praised WeChat’s utilitarian approach. The dominance WeChat enjoys is almost impossible to replicate outside China.
The Launch of X – Rumors Vs. Reality Reality
Musk supporters are praising the decision to rename Twitter as the next step in building the mighty ‘X’ app. However, Elon’s track records speak for themselves. Although the Richie-rich CEO had many innovative ideas, they have not yet been implemented.
These obstacles make it unlikely that the X app will be launched anytime soon.
Twitter’s engineers are currently very busy with fixing bugs. Numerous Twitter users reported that circle tweets, which were supposed to reach a small group of people, are landing on the algorithmically generated ‘For You” timeline.
This indicates that the user’s private messages are infringing on containment and reaching unrelated audiences. This allows for unexpected and pleasant scenarios.
Elon Musk’s team is actively fighting revenue-related issues, in addition to the bug challenge. The expected profit has not been generated by the revamped Twitter Blue Subscription.
