Elon Musk says he’s seriously considering creating a new social media platform


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Elon Musk said he was seriously considering creating a new social media platform in a tweet on Saturday.

Musk’s tweet follows criticism from Twitter, where he claimed the platform does not allow for free speech.

“Given that Twitter serves as the city’s de facto public square, failure to uphold the principles of free speech fundamentally undermines democracy,” Musk said. tweeted Friday. “What should be done?”

He then asked if a new platform was needed.

A 2018 agreement with the Securities and Exchange Commission requires Musk to obtain prior approval from other Tesla executives before posting tweets about the company.

After Musk asked his Twitter followers in November if he should sell 10% of his stake in Tesla, the electric vehicle company received a subpoena from the SEC because the poll question sparked a sell-off. actions – which the CEO called “harassment”. .

Earlier this week, in response to Musk challenging the subpoena, an SEC regulator urged a federal judge to allow further review of his tweets.

“Musk’s motion to dismiss is procedurally flawed and substantially without merit,” the SEC said.

If he does launch his own platform, Musk will join a growing list of public figures and tech companies that are ditching established social networks and creating their own platforms, often championing “free speech.” Former President Donald Trump, banned from Twitter since January 2021, notably launched Truth Social in February within the Trump Media and Technology Group.

Rumble, Parler, Gettr and other services have also formed as alternatives to traditional social networks. Speak has been removed from Apple’s App Store amid allegations that the January 6 rioters used the platform to incite violence. It was reinstated in April after improvements made by the company to better detect and moderate hate speech.

– Reuters and CNN’s Brian Fung contributed to this report


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