Elon Musk claimed he’s offering “serious an edgy thought” to the creation of a brand innovative social network via a tweet on Saturday.
Musk’s tweet came in response to his criticism of Twitter where he stated that the platform doesn’t permit free speech.
“Given that Twitter is the official city square for the public, the failure to adhere to the principles of free speech fundamentally undermines democracy.” Musk tweeted on Friday. “What is the best way to proceed?”
Then he asked if a brand new platform is required.
A agreement signed in 2018 in 2018 with the Securities and Exchange Commissionrequires that Musk obtain approval by other Tesla executives before he can post tweets on Tesla.
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Following the time that Elon Musk tweeted his followers in November whether it was appropriate to sell 10% stake in Tesla the electric vehicle company was served with a subpoena by the SEC since the asked triggered a sell-off of its stock that the CEO called “harassment.” .
This week, in reaction to Musk contesting the subpoena, an SEC regulator called on the federal court to allow his tweets to being scrutinized.
“Musk’s request to dismiss was procedurally defective and substantively unjust,” the SEC said.
If he decides to launch an own platform, Musk would join a increasing list of prominent people and tech companies that are abandoning traditional social media platforms and launching new platforms of their own, typically advocating “free speech.” A former President Donald Trump, who was banned by Twitter from January 20, 2021 has created The Truth Social during the month of February within his Trump Media and Technology Group.
Rumble, Parler, Gettr and other platforms have emerged as alternatives to the main social networks. Parler was removed from the Apple app store in the wake of accusations that rioters from January 6 were using the platform to inspire violence. The app was restored in April following changes were made by the firm to be able to detect and limit hatred-based content.