"What's wrong with Musk, there are new things he wants to do."
Twitter CEO Elon Musk has officially changed Twitter's name to X Corp next month as part of his efforts to implement X – The Everything App.
Explained further, Twitter sent an official statement and email to business partners, shareholders and related parties to inform Twitter Inc. will be named X Corp., where contracts, billing and other records are now referred to the company except for the tax ID number.
Although Twitter will be under parent company X Holding Corp, its management will not change at all and its social media service will still be known as Twitter.
As the change will take place on May 18 next month, the terms of service, privacy policy and data processing agreement will need to be updated to reflect the name change.
While a recent court filing in the United States (US) District Court in the Southern District of Florida revealed that X Corp is actually based in Nevada and not Delaware.
It is widely known that Musk plans to make Twitter an all-in-one app similar to China's WeChat which has been launched since April 2022.
It is already known that Twitter has already introduced payments on the platform through fiat currency as the first option, but Musk is found to want to integrate his favorite memecoin Dogecoin (DOGE) into the platform.
The streak, DOGE price has the potential to jump higher in the future, where currently the memecoin is at $0.0930 in the last 24 hours with a market capitalization of $12 billion.
