Goodbye, Twitter! Elon Musk liquidated the popular company

Goodbye, Twitter! Elon Musk liquidated the popular company Judging by the information leaked to the media from court documents, Twitter Incorporated ceased to exist on April 4th. Elon Musk decided to consolidate his assets and merged Twitter Inc., as well as his shares in Tesla and Space X, under the new X Corp brand.The purpose of such consolidation and why this fact is hidden is not yet clear, Musk does not comment on the situation, although this combination was clearly conceived a long time ago. Back in April 2022, three separate companies were registered in Delaware to manipulate the Twitter purchase  X Holdings I, X Holdings II, and X Holdings III. Now, Twitter has merged with X Holdings II, but Musk is promising to keep the blue-and-white brand and overall corporate structure.The new group is led by X Holdings I, personally controlled by Musk. Company X Holdings III bears the bulk of the leverage, in particular the same $13 billion bank loan that a group of large banks provided to buy Twitter.Now Twitter Inc. is involved in several lawsuits: against India due to censorship issues, against suppliers that Twitter does not pay money, against former Twitter employees who claim that Musk violated labour laws, many lawsuits due to blocking accounts, etc. None of these processes of turning Twitter into X Corp. until it happened.X Holdings Corporation has a difficult future. Investors may not be happy if Musk tries to cram each of his companies under common control. The process of transforming this business is already being watched closely by FTC watchdogs who frown on the creation of technology monopolies. The US Congress is sceptical of global technologies, so it will be especially attentive to attempts to create an American version of WeChat.Let's see what happens.Profits to yall!#ForexChief #Musk #stocks #Market #forexnews #SpaceX #WeChat #worldnews #Tesla