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Tuesday, May. 9, 2023

Did Twitter move to Nevada?

Hanna Fahsholtz, The Nevada Independent
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.

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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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