Elon Musk wants to build his own social network
Elon Musk has hinted that he may launch a new social network using the X.com domain if the Twitter deal is called off.
On Twitter, Tesla owners’ Silicon Valley account asked Musk about the creation of a new social network: “If the deal with Twitter doesn’t work, are you considering creating your own social network?” In response, the American billionaire did not go directly to the question, but simply wrote “X.com”.
X.com is a domain mask purchased by PayPal in 2017. This was originally intended for an online banking site he founded in 1999. The company is connected to the payment system. Another payment was PayPal. After eBay bought PayPal for $1.5 billion in 2002, X.com was not used for any other website.
In 2017, Musk said he bought X.com because the domain had “high sentimental value.” Restarted but the website just showed a blank page with an “x” in the left corner. This situation has not changed in the last five years.
Musk mentioned X.com at Tesla’s annual meeting last week. “I actually have a bigger vision than I ever thought of going back to X Corporation,” Musk said. “It’s a very big vision. Of course you have to start from scratch, but I think it will reach Twitter in three to five years.”
This isn’t the first time Musk has wanted to build a new social network. In March, Twitter said it was considering creating a more appropriate forum as it lacked sufficient freedom of speech.
follow up Business InsiderIf X.com is the next social network, Musk will focus on eliminating spam accounts and reducing censorship. The billionaire has repeatedly criticized bots on Twitter, citing it as a key reason for abandoning a $44 billion deal with the social network.
Musk announced the acquisition of Twitter in April, but said last month the platform was withdrawing the deal after claiming it had provided misleading information about fake account numbers. Twitter then sued Musk. The case will be heard in a Delaware court beginning Oct. 17.