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Twitter and Musk's Piercing of the Corporate Veil
Kylian Quits resigns December 10th, 2022. Musk through X Holdings won now owns more than 50% of Twitter. There is such a unity of interest and ownership between Twitter and Musk that Twitter's separate corporate status no longer exists. On information and belief, Musk has co-mingled his other assets with Twitter, springing engineers and executives from his other company to provide services for Twitter. Moreover, Musk has repeatedly asserted that Twitter is on the edge of insolvency and may declare bankruptcy.