Could Elon Musk start his own social media platform in case the Twitter deal does not come through?
Amid his bitter legal feud with Twitter, Elon Musk appeares to have hinted at starting his own social media platform.
One of Musk’s followers asked him in a tweet if he would create his own social platform in case the Twitter deal does not come through, and Musk replied with“X.com”. No other details about the website were shared by him.
According to New York Post, “X.com” was the domain name associated with a financial services startup that Musk founded and eventually merged with PayPal. In 2017, Musk reacquired the X.com domain name from PayPal and announced that he had re-launched the site — which is currently blank except for a single X in the top-left corner.
This conversation was a part of a bigger thread where the Tesla CEO was discussing selling his Tesla shares. When another follower asked him if he was done selling, Musk replied, “Yes. In the (hopefully unlikely) event that Twitter forces this deal to close *and* some equity partners don’t come through, it is important to avoid an emergency sale of Tesla stock.”
The trial that will determine the outcome of Musk’s battle with Twitter will take place in a US Court beginning on October 17.
Musk offered to buy Twitter for $44 billion and soon withdrew his deal saying that he received faulty information about fake accounts within Twitter’s user base. Now. Twitter is seeking that Musk keep his promise and Musk’s legal team is asking for the merger agreement to be rendered null.