Bloomberg News revealed that Twitter is no longer an independent company, after merging with a new company called X Corp, which raised speculation about Elon Musk’s future plans.
“Twitter no longer exists after its merger with X Corp, according to a document issued on April 4 and submitted to the California court,” Sky News quoted the source as saying.
It is not yet clear what this change means for Twitter, which has seen a host of changes since it was bought by the American billionaire Musk for $44 billion last year.
Musk had previously announced his desire to make “X” similar to the Chinese “WeChat” application, which is a popular application owned by “Tencent Holdings”.
WeChat is used for almost everything from payments and ticketing to events to exchanging messages.
Musk also owns the domain “X.com,” the name of an online payments company that eventually merged with PayPal.
Elon Musk raised other speculations, after he posted on his account a picture of the Twitter banner placed outside the company’s headquarters in San Francisco, California. The picture seemed ambiguous, especially since the letter “W” was painted in the word “Twitter”.
Before that, the American billionaire briefly changed the Twitter logo in the virtual world from a bird to a dog.