According to a legal document filed by law firm Willkie Farr & Gallagher LLP, X Corp. is a privately held corporation that has X Holdings Corp. as its parent corporation, and no publicly traded corporation owns 10% or more of the stock of either X Corp. or X Holdings Corp. The document was signed by attorneys including Johnathan Patchen, Michael Gottlieb, Meryl Conant Governski, Kristin E. Bender, and Yuhan Alice Chi.
The case involves Laura Loomer suing Meta Platforms and Facebook, as well as their CEO Mark Zuckerberg; Twitter and former CEO Jack Dorsey; and Proctor and Gamble, for racketeering. The lawsuit was initially filed in the U.S. District Court for the Northern District of California San Francisco Division on May 2, 2022.
In a separate legal filing in the U.S. District Court for the Southern District of Florida Miami Division, Twitter’s attorney Joshua Webb amended the documents to show that “Twitter, Inc. has been merged into X Corp. and no longer exists.” The filing stated that X Corp. is a privately held corporation incorporated in Nevada, with its principal place of business in San Francisco, California, making it a citizen of Nevada and California.
The change in Twitter’s corporate structure is not publicly attributed to anyone, but Elon Musk, who has a history of using the letter “X” in his companies and products, including the name of his child and his companies SpaceX and Tesla Model X, cryptically tweeted “X” early Tuesday morning as reports of the change were trending on the platform.