Technology

Elon Musk teases launch of Twitter RIVAL as litigation rages on – with one big difference

BILLIONAIRE Elon Musk is considering starting his own social network again after rustling his pens on Twitter.

The world’s richest man sent shockwaves through the platform by suggesting that a site called X.com could be a candidate.

Could Musk really start his own social network instead?

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Could Musk really start his own social network instead?Photo credit: Twitter

Musk, 51, is facing a fierce legal battle against Twitter for dramatically pulling out of a $44 billion buyout.

The SpaceX and Tesla founder simply replied “X.com” when asked by another user if he would consider launching his own social network if he weren’t forced to continue the Twitter deal.

Right now the website just shows a single “x”.

The hoax came after it was revealed that Musk had sold 7.92 million shares of Tesla worth $6.9 billion if he were forced to buy Twitter.

X.com was actually an online bank that Musk co-founded back in 1999 before merging with a similar service to form PayPal.

But Musk bought the X.com web address from Ebay, the owner of PayPal.

“In the (hopefully unlikely) event that Twitter forces this deal *and* some equity partners don’t go through, it’s important to avoid a fire sale of Tesla stock,” he said.

It’s not the first time Musk has teased such an idea.

Just before he hit Twitter, he asked fans if they thought the social network was doing a good job of balancing freedom of expression.

More than 70 percent voted “no,” prompting Musk to ask, “Is a new platform needed?”

Shortly thereafter, he made a shock offer to become the majority shareholder of Twitter before eventually rising to a full-scale takeover.

It was a whirlwind for Musk and Twitter when the billionaire decided to go out of business amid a dispute over fake account bots.

The entrepreneur believes there are far more bots on Twitter than officials are claiming, accusing them of not providing enough information to complete his purchase.

Unhappy with the backtracking, bosses have decided to take Musk to court.

Attorneys from both sides will face off in the Delaware Chancery Court for five days beginning October 17.

The Twitter team had requested that the process begin as early as September to prevent Musk from further disparaging the company.

Musk wanted things to start in February 2023, and claimed a “warp speed” process was an attempt to derail his argument that the platform was riddled with spambots.

Who is Elon Musk?

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Here’s what you need to know…

Controversial billionaire Elon Musk was born in Pretoria, South Africa in 1971.

He taught himself computer programming as a 12-year-old and sold a video game’s code to a PC magazine for $500 (£300).

At 17, he moved to Canada to study before earning two degrees in physics and business administration from the University of Pennsylvania.

At the age of 24 he moved to California to do his PhD. in Applied Physics and Materials Science from Stanford University – but left the program after just two days to pursue other projects.

The 51-year-old is the founder and CEO of SpaceX, co-founder, CEO and product architect of Tesla Motors, co-founder and chairman of SolarCity, co-chairman of Opan AI, co-founder of Zip2 and founder of X.com, which merged with PayPal.

He is also working on a human brain chip project called Neuralink.

Musk’s stated goal is to reduce global warming and save humanity from extinction by founding a colony on Mars.

The billionaire inventor is also working on the world’s largest lithium-ion battery to store renewable energy.

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https://www.thesun.ie/tech/9237452/elon-musk-x-com-twitter-social-network-rival/ Elon Musk teases launch of Twitter RIVAL as litigation rages on – with one big difference

Fry Electronics Team

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