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Elon Musk rebrands Twitter to X Corp, creating ‘everything app’

Elon Musk has greater plans for Twitter than just being a social media company. His passion for the letter X continues.

After buying Twitter for $44 billion last year, a California court document shows that Twitter, Inc. is now officially rebranded as X Corp. What will this change bring?

X Corp enters the scene

Twitter officially no longer exists and has merged with the newly formed shell entity X Corp. CEO Elon Musk tweeted an X, which many took as a confirmation. 

Twitter, which did not wish to comment on the rebranding, responded to an email inquiry with the company’s distinctive auto-reply poop emoji.

Passion for X

While the precise nature of X Corp remains unknown, it likely has some relation to Musk’s desire to develop an “everything app” also named X. He has big plans to turn Twitter into a full-fledged app where users can do everything from make mobile payments to book plane tickets. 

Also read: MicroStrategy’s $4 billion Bitcoin investment turns profitable

That would be similar to the Chinese ‘WeChat’ app. After purchasing Twitter, Musk referred to it as an “accelerant” for the development of X. Musk is obviously a fan of the letter X. 

Space X incorporates the letter X, and in 1999 he co-founded X.com, an online bank that would eventually become PayPal. His passion for X continued with the naming of his kid “X Æ A-12,” and now it even moved to a $44 billion company.

Final thoughts

For now, it’s unclear how long it may take for Twitter to be rebuilt into the ‘everything app.’ However, it’s certain Elon Musk will share more information soon through his Twitter account with over 130 million followers.

I got into financial markets by accident in 2012 and started with Forex trading. Later in 2017, I started investing in stocks in cryptocurrencies and began writing articles profess...

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