New Delhi: Elon Musk is famous for his frequent cryptic tweets that leave his followers shocked. The Tesla CEO has done it once again, and this time, amid a contentious legal dispute with Twitter, he suggested developing a new social media platform. To be fair, Musk has hinted at a similar idea before. When a fan asked earlier in March if he would consider developing a social media platform with an open algorithm, Musk replied, “Give [a] Serious thought.” A few weeks later, he floated the idea of paying $44 billion for Twitter, but has since changed his mind.
However, on August 10, a different fan (@teslaownersSV) asked Musk: “Have you considered developing your own social network? If the Twitter deal fails?” The billionaire replied with the single word “X.com”. He did not elaborate on the website or his intentions when he shared the link. Read More: OnePlus 10T Sale on August 16: Avail Huge Discounts, Check Offers & Other Details
Musk isn’t unfamiliar with the domain X.com at all. The website was linked to a money-related company that eventually merged with PayPal. In 2017, Musk bought back the domain name from PayPal. Visitors can currently only see the letter “x” in the upper-left corner of the website as it is being used. Read more:
Musk announced his intention to buy back shares of Tesla, which he previously sold in response to a tweet to another fan, the same day he filed a lawsuit against Twitter. The fan inquired if he had ended up selling his Tesla shares. He replied by saying, “Yes. It’s important to avoid an emergency sale of Tesla stock in the (hopefully unlikely) scenario that Twitter forces to close the deal *and* some equity partners don’t show up.”
Elon Musk is being sued by Twitter for backing out of a $44 billion buyout deal for the social media platform. He sued the company for unknown reasons as the matter is private in court. The billionaire hit back at the deal and accused Twitter of wrongdoing. He claimed that the social media company misrepresented the exact numbers about bots and spam accounts on the network. Twitter claims that only 5% of profiles are generated by bots.