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FACT BRIEF

Did Twitter move to Nevada?

By Hanna Fahsholtz
View this fact brief on The Nevada Independent
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YES

On March 15, 2023, Twitter, Inc. merged into the company "X Corp.". As a result of the merger, Twitter is now incorporated in Nevada; previously, it was incorporated in Delaware.

Incorporation is the process of registering a business with a state so that the business becomes a separate legal entity. The benefits of incorporating a business entity in Nevada include the state’s lack of a corporate or personal income tax, no tax on corporate shares, and additional discretion and protection for the company’s management and officers.

Elon Musk, the owner of the platform and X Corp., has previously tweeted that “Buying Twitter is an accelerant to creating X, the everything app.” Musk has cited the Chinese social media platform WeChat, whose services include messaging, video chatting, photo sharing, ride services, food delivery, banking, and shopping, as a model.

This fact brief is responsive to conversations such as this one.
Sources
Google Drive SilverFlume Nevada's Business Portal: X Corp. - Twitter, Inc. Merger
US District Court Northern District of California San Francisco Division Defendant Twitter, Inc.'s Corporate Disclosure Statement and Certification of Interested Entities or Persons
Investopedia Incorporation: Definition, How It Works, and Advantages
Nevada Secretary of State The Nevada Advantage
Elon Musk Buying Twitter is an accelerant to creating X, the everything app
Business Insider Elon Musk has reportedly merged Twitter with X Corp. Here's everything we know about his ideas for an 'everything app.'
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The Nevada Independent
The Nevada Independent is a nonpartisan, nonprofit news and opinion website founded in 2017 by veteran political journalist and commentator Jon Ralston. The site and its supporting channels are focused on ethical, unbiased and transparent journalism. In general, we aim to gather and disseminate important public information and increase civic engagement. We are supported by corporate donations, memberships, event ticket sales and sponsorships and foundation grants. We disclose all our members and donors. Donors have no influence over our content, ever. The Nevada Independent is the dba for Nevada News Bureau, Inc., a 501(c)3 nonprofit founded in 2010 by Elizabeth Thompson, who now serves as one of The Nevada Independent's managing directors and its Editor.
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Fact briefs are short, credibly sourced summaries that offer “yes/no” answers in response to claims found online. They rely on publicly available, often primary source data and documents. Fact briefs are created by contributors to Gigafact —a nonprofit project looking to expand participation in fact-checking and protect the democratic process. See all fact briefs here.