Elon Musk is now preparing to create his own social media site. Tesla CEO Elon Musk has teased his own social media site as a competitor to Twitter, amid his ongoing legal battle against Twitter. Responding to a question from one of his followers, Musk posted a tweet hinting at a possible new “X.com” social media platform.
In fact, on Tuesday, a social media user asked the billionaire tech mogul if he had thought about starting his own social platform. Musk, who is quite active on Twitter, took note of the question and simply replied by typing “X.com”. X.com was the domain name of a startup founded by Musk two decades ago, which he later merged with the financial service PayPal (PayPay).
In fact, Musk also spoke about the website at Tesla’s annual shareholder meeting last week. Musk reportedly said, “I have a big vision for what X Corporation could have had back then. It’s a very big vision and, of course, it can be started from scratch. But I think Twitter will pick up speed in three to five years. .”
Musk is embroiled in a legal battle with Twitter
The tweet comes at a time when Musk is embroiled in a legal battle with Twitter. Twitter recently sued Musk after he decided to pull out of the $44 billion (roughly Rs 3.5 lakh crore) acquisition deal. In April, Musk struck an acquisition deal with Twitter for $54.20 (around Rs 4,500) per share in a roughly $44 billion deal. However, Musk halted the deal in May to allow his team to examine the veracity of Twitter’s claim that less than 5% of accounts on the platform are bots or spam.
Also read – There was a ruckus about Nothing Phone 1, the company hid this thing from customers; revealed in the report
In June, Musk openly accused the microblogging website of violating the merger agreement and threatened to terminate the acquisition of the social media company for failing to provide the data he requested on spam and fake accounts. Musk alleged that Twitter “actively opposes and thwarts their rights to information,” CNN reported, citing a letter sent to Twitter’s chief legal, policy and trust officer, Vijaya Gadde.