Technology

Musk teases X.com social media platform

Elon Musk
FILE – Tesla CEO Elon Musk speaks before unveiling the Model Y at Tesla’s design studio in Hawthorne, Calif., March 14, 2019. On Friday, July 15, 2022, Musk fired back at Twitter’s lawsuit seeking to force him to complete his $44 billion acquisition of the platform, according to multiple news reports. (AP Photo/Jae C. Hong, File)

Elon Musk on Tuesday evening appeared to tease creating his own social media platform if he does not ultimately buy Twitter.

“Have you thought about creating your own social platform?” an account titled Tesla Owners Silicon Valley asked the billionaire on Twitter. “If Twitter deal doesn’t come through.”

“X.com,” Musk wrote in response.

In 1999, Musk co-founded an online financial services company with the same name, alongside three other people. X.com merged in 2000 with Confinity, which developed the PayPal electronic payment system.

The domain for Musk’s former company that he shared on Tuesday connects users to a page that displays a singular “x” on a blank background.

The tweet exchange comes as Musk battles Twitter in court over the Tesla CEO’s attempt to pull out of a deal to buy the social media company.

Musk is attempting to exit the deal after accusing the platform of hosting a larger number of spam and fake accounts than it had disclosed.

After Twitter sued Musk to require him to follow through with the $44 billion deal, Musk countersued Twitter for fraud, breach of contract and violation of a securities law in Texas, arguing the company misled his team about the size of its user base.

Musk disclosed in regulatory filings on Tuesday that he sold nearly $7 billion worth of Tesla shares in recent days as the legal proceedings continued. In April, Musk had said he had no plans to sell further shares.

“Yes,” Musk responded to a Twitter user on Tuesday evening when asked if he was done selling Tesla shares.

“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,” Musk wrote.

Tags Elon Musk Elon Musk social media platform Twitter X.com
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