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Is Elon Musk coming up with new social meda site X.com amid Twitter legal feud? : The Tribune India



Washington, August 12

Amid his ongoing legal battle in opposition to Twitter, Tesla CEO Elon Musk teased a possible social media site of his personal as a competitor for Twitter.

While responding to a query from one in all his followers, Musk dropped a cryptic tweet, hinting at a possible new social media platform ‘X.com’.

On Tuesday, a social media consumer requested the billionaire tech tycoon whether or not he had given any thought to creating his personal social platform.

Musk, who is kind of energetic on Twitter, seen the query and responded by simply writing “X.com”.

X.com was once the area identify of a startup Musk based twenty years in the past, which he later merged with monetary providers firm PayPal.

In truth, final week, Musk talked concerning the web site throughout Tesla’s annual shareholder assembly final week as nicely.

“I do sort of have a grander vision for what I thought X Corporation could have been back in the day. It’s a pretty grand vision and of course that could be started from scratch but I think Twitter would accelerate that by three to five years,” Musk had reportedly mentioned.

The tweet comes at a time when Musk is concerned in a high-stakes legal battle with Twitter. ‘ Twitter not too long ago sued Musk after he determined to again out of the US$ 44 billion takeover deal. In April, Musk reached an acquisition settlement with Twitter at US$ 54.20 per share in a transaction valued at roughly US$ 44 billion.

However, Musk put the deal on maintain in May to permit his crew to overview the veracity of Twitter’s declare that lower than 5 per cent of accounts on the platform are bots or spam.

Back in June, Musk had overtly accused the microblogging web site of breaching the merger settlement and threatened to stroll away and name off the acquisition of the social media firm for not offering the information he has requested on spam and faux accounts.

Musk alleged that Twitter is “actively resisting and thwarting his information rights” as outlined by the deal, CNN reported, citing the letter he despatched to Twitter’s head of legal, coverage and belief, Vijaya Gadde.

Musk demanded that Twitter flip over details about its testing methodologies to help its claims that bots and faux accounts represent lower than 5 per cent of the platform’s energetic consumer base, a determine the corporate has constantly said for years in boilerplate public disclosures.

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