Twitter Inc. has merged into a new entity called X Corp and “no longer exists”, according to a court filing by law firm Willkie Farr & Gallagher in the United States. Twitter’s owner, Elon Musk, confirmed the change with a simple tweet of “X.”

Bloomberg reports that Twitter is now one part of a new shell company, X Corp, which Musk envisions as a super app similar to China’s WeChat, offering payments, booking, messaging and more.

Musk has ambitious plans for his super app, “X,” and has previously said he wants it to be the world’s leading financial institution. He has also filed for regulatory licenses that would facilitate in-app payments. X Corp is involved in cutting-edge technologies like AI and blockchain and is looking to integrate these technologies into the Twitter platform, creating an “everything” app offering exciting new opportunities for fintech startups and entrepreneurs.

As part of this vision, Twitter has partnered with eToro, a financial services company, to allow users to trade stocks and cryptocurrencies. However, there are concerns that this acquisition could pose risks to users’ data privacy and security and impact their trust and loyalty to the platform, which could affect fintech companies that rely on Twitter for marketing and engagement.

The deal will significantly expand the real-time trading data available to Twitter users, and eToro’s CEO, Yoni Assia, said the partnership would help the firm grow and reach new audiences. The “view on eToro” button will become visible on tweets, and clicking on it will take users to eToro’s platform, where they can buy or sell assets.