Nowadays X Corp., the action of advancing towards the Everything App, or what could be the most powerful FinTech company in the world.
A filing in the Southern District of Florida shows that Twitter Inc. has been merged with X Corp. and now Twitter as we know it no longer exists.
The new phase of Twitter will be X Corp., which will be focused on a vision provisioned more than 20 years ago.
Everything reverts to the days of X dot com, an online bank Elon Musk co-founded with Harris Ficker, Christopher Payne, and Ed Ho in 1999. The company later emerged as PayPal, which today is one of the biggest and most important payment companies in the world.
Regardless of the merger, Elon's feeling for X always remained, and now might be the proper time for a highest achievement to generate, though, on a much bigger scale.
For that reason and as a consequence, the CEO of Tesla & SpaceX took over ownership of Twitter in October 2022 and described his acquisition as "an accelerant to creating X, the everything app". A month later, Musk said he will execute the X product plan "with some improvements" which will make Twitter "the most valuable financial institution in the world.
Skipping to 2023, and it's obvious with no doubt that Elon is walking the talk.
With the equivalent of 238 million users, the social media enormous could definitely be transformed into an app that carry out everything.
Besides the fact that it could become the first Super App of the West. Moreover, Twitter can become the Super App PayPal, Klarna, and Revolut always dreamed of.
WeChat, the gold standard of Super Apps, today has 1 billion users and gather social networking, payments, e-commerce, games, news, events, shopping, etc. all in one place and at the same time.
And it started as a messaging app. just like Twitter.
The transformation Twitter is going through right now will be super difficult and with no guaranteed chances of success. But one thing is clear:
We're perceiving the beginnings of the most powerful FinTech company in the world!