OPEN APP
Home / News / World /  Is Elon Musk mulling to come up with new social media site X.com? Check details
Listen to this article

With the legal battle between Tesla co-founder Elon Musk and Twitter going on, Musk teased a potential social media site of his own as a competitor for Twitter.

Responding back to a question from one of his followers on 10 August, Musk hinted at a potential new social media platform 'X.com'.

"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 said.

ALSO READ: Elon Musk's legal team to question Twitter employees who count bots: Report

The new update is coming at a time when Musk decided to back out of the $44 billion takeover deal and Twitter sued him. Musk reached an acquisition agreement with Twitter at $54.20 per share in a transaction valued at approximately $44 billion.

However, the Tesla founder put the deal on hold in May to allow his team to review the veracity of Twitter's claim that less than 5 per cent of accounts on the platform are bots or spam.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.
Post your comment

Recommended For You

Trending Stocks

×
Get alerts on WhatsApp
Set Preferences My ReadsWatchlistFeedbackRedeem a Gift CardLogout