Twitter owner Elon Musk has dispensed with the social-media site's moniker for corporate purposes, and chosen to house the company in a shell company called...
Twitter owner and Chief Executive Elon Musk has dispensed with the social-media site’s moniker for corporate purposes, and chosen to house the company in a shell company called X Corp.And that was followed up by a Bloomberg News report early Tuesday... Twitter owner and Chief Executive Elon Musk has dispensed with the social-media site’s moniker for corporate purposes, and chosen to house the company in a shell company called X Corp.
The shift follows a week of prankish behavior, such as covering up the “w” in the company’s sign at its San Francisco headquarters, and applying “state-affiliated media” tags on certain accounts, as advertisers flee the platform. Shares of Tesla closed Tuesday up 1.2% at $186.79, while the S&P 500 index SPX was flat , the tech-heavy Nasdaq Composite Index COMP slipped 0.4%, and the Dow Jones Industrial Average DJIA ticked 0.3% higher.
Read: Elon Musk’s Twitter is facing a steep slump in ad revenues this year, according to this forecast
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