Paul Sakuma/AP
- Elon Musk announced Saturday that he plans to rebrand Twitter and change the bird logo to 'X.'
- The rebrand is part of Musk's long-touted vision to create an 'everything app.'
- Musk previously wanted X to be the name of a banking services site now known as PayPal.
Elon Musk announced plans on Saturday to ditch Twitter's bird logo for an "X" — a reference to the CEO's vision to create an all-encompassing "everything app" that may incorporate shopping and banking services, among other features.