Twitter has been merged into Elon Musk's newly formed shell firm X Corp., according to media reports quoting a court filing.
"Pursuant to Rule 7.1 (a)(1) of the Federal Rules of Civil Procedure, the undersigned counsel for Defendant X Corp., as successor in interest to named Defendant Twitter, Inc., hereby states that Twitter, Inc. has been merged into X Corp. and no longer exists," says a document dated April 4 submitted in a California court for a lawsuit filed against the company and its former chief executive officer, Jack Dorsey, by far-right activist and journalist Laura Loomer.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.