Elon Musk is blowing up Twitter and could create a rival social network

Elon Musk said he was “seriously considering” creating a social media platform that would compete with Twitter, saying the latter has stifled freedom of expression.

“Freedom of expression is essential for a functioning democracy. Do you think Twitter strictly adheres to this principle?” Musk tweeted in a Twitter poll he released Thursday.

Musk went a step further the next day, writing: “Given that Twitter serves as a de facto public marketplace, failure to uphold the principles of free speech fundamentally undermines democracy. What is to be done?”

In the same thread, a Twitter user asked the Tesla CEO about the potential “building of a new social media platform” that would feature “an open-source algorithm.”

The user suggested that the new platform would be one “where freedom of speech and upholding freedom of expression are top priorities” and where “propaganda is very minimal.”

To which Musk replied, “I’m seriously considering it.”

Tech giants like Twitter, Facebook, Google and Amazon have been accused by some conservatives and free speech advocates of banning users with unpopular views.

Then-Twitter CEO Jack Dorsey said last year his company made a mistake by censoring a New York Post article about Hunter Biden’s laptop in the weeks leading up to the presidential election.

Kicked off the major social media platforms immediately after the Jan. 6 Capitol riots, former President Donald Trump launched his own network, Truth Social, which bills itself as a conservative-friendly alternative to Twitter.

It shot to number one on Apple’s free apps chart when it was made available for download in February — days after Trump made his only post on the site, telling fans that “Your favorite president is seeing you soon.” will”.

But a combination of technical glitches, a long waiting list, a stock price slump, and Trump’s apparent disinterest in posting messages marred the app’s launch.

Musk, the richest person in the world, has also been in trouble for his itchy Twitter fingers.

Last week, the Securities and Exchange Commission filed papers in federal court in Manhattan on Tuesday, finding that a 2018 agreement required Tesla’s CEO to obtain permission in advance if he wanted to tweet certain posts.

Tesla said the SEC sought “information about our governance processes around compliance” last November with a September 2018 settlement between the company and the regulator.

The subpoena was issued just 10 days after Musk triggered a stock sale when he asked his Twitter followers if he should sell 10% of his stake in the company.

Tesla’s stock price fell about 16% over the two trading days that followed the tweet.

Musk tweeted that it was him "to think seriously" create your own social media platform.
Musk tweeted that he was “seriously considering” starting his own social media platform.
POOL/AFP via Getty Images

As part of the settlement between Tesla and the SEC, Musk agreed to step down as chairman and appoint independent members to the company’s board.

He also agreed to pay $20 million while the company collected another $20 million in fines. The SEC said Musk agreed to “establish a new committee of independent directors and implement additional controls and oversight procedures [his] Communication.” Elon Musk is blowing up Twitter and could create a rival social network


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