Is Elon Musk going the Donald Trump way? The Tesla CEO has hinted that he wants to start a social media platform of his own. – Luxurylaunches

Elon Musk might follow in Donald Trumps footsteps to start his own social media platform to rival Twitter. While Trumps Truth Social platform turned out to be a disaster, the worlds richest person might be on to something here. Earlier this year, it came as a surprise to everyone when Musk acquired a 9.2% stake in Twitter and followed it up with an offer to buy the microblogging platform for a whopping $43 billion. Back then, most industry experts were left puzzled trying to figure out the billionaires real intention behind the attempt to buy Twitter. However, within a few weeks, Musk came out to announce that the deal was on hold, citing Twitters inability to disclose the percentage of fake accounts. What ensued is an ugly legal battle between Musk and Twitter, with the court deciding to set a five-day trial in October this year.Via Twitter / @teslaownersSVThe tech tycoon teased his intention to transform X.com into a new social media platform in a response to a tweet asking about his move in case the Twitter deal doesnt go through. The Tesla Owners of Silicon Valley group asked Musk on Twitter if he plans on creating his own social media platform. Musk responded in his typical fashion by tweeting a link to X.com. Its true that many of the rumors linked to the Tesla CEO turn out to be false, including the recent reports suggesting that the Billionaire is planning to build a private airport in the Austin area. However, his intentions with X.com might be more than just plain rumors. During the Tesla 2022 Annual Meeting of Stockholders, Musk claimed that X.com is a part of his grand vision and his attempt to buy Twitter was linked to it.

Screenshot of x.comX.com was an online bank that was co-founded by Elon Musk in 1999 and was later merged with competitor Confinity Inc. to form PayPal. The billionaire reportedly bought the domain X.com from PayPal in 2017, claiming that the domain had great sentimental value. Although, it was to serve as an umbrella website for Musks ventures. Is Musk planning to build something thats much bigger and refined than the current crop of social media platforms that are dying a slow death? Well, who knows? But, like most stories linked to the billionaire, this ones also shrouded in mystery and is developing.

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Is Elon Musk going the Donald Trump way? The Tesla CEO has hinted that he wants to start a social media platform of his own. - Luxurylaunches