Elon Musk Teases Potential Social Media Web site as Competitor for Twitter

Amid his ongoing authorized battle towards Twitter, Tesla CEO Elon Musk teased a possible social media website of his personal as a competitor for Twitter. Whereas responding to a query from one in every of his followers, Musk dropped a cryptic tweet, hinting at a possible new social media platform ‘X.com’.

On Tuesday, a social media consumer requested the billionaire tech tycoon whether or not he had given any thought to creating his personal social platform.

Musk, who is kind of energetic on Twitter, seen the query and responded by simply writing “X.com”.

X.com was once the area identify of a startup Musk based 20 years in the past, which he later merged with monetary providers firm PayPal.

Actually, final week, Musk talked in regards to the web site throughout Tesla‘s annual shareholder assembly final week as nicely.

“I do type of have a grander imaginative and prescient for what I believed X Company may have been again within the day. It’s a fairly grand imaginative and prescient and naturally, that may very well be began from scratch however I believe Twitter would speed up that by three to 5 years,” Musk had reportedly stated.

The tweet comes at a time when Musk is concerned in a high-stakes authorized battle with Twitter.

Twitter just lately sued Musk after he determined to again out of the $44 billion (roughly Rs. 3.5 lakh crore) takeover deal. In April, Musk reached an acquisition settlement with Twitter at $54.20 (roughly Rs. 4,500) per share in a transaction valued at roughly $44 billion.

Nevertheless, Musk put the deal on maintain in Could to permit his crew to assessment the veracity of Twitter’s declare that lower than 5 % of accounts on the platform are bots or spam.

Again in June, Musk had brazenly accused the microblogging web site of breaching the merger settlement and threatened to stroll away and name off the acquisition of the social media firm for not offering the information he has requested on spam and faux accounts.

Musk alleged that Twitter is “actively resisting and thwarting his data rights” as outlined by the deal, CNN reported, citing the letter he despatched to Twitter’s head of authorized, coverage and belief, Vijaya Gadde.

Musk demanded that Twitter flip over details about its testing methodologies to assist its claims that bots and faux accounts represent lower than 5 % of the platform’s energetic consumer base, a determine the corporate has persistently said for years in boilerplate public disclosures.

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