Musk teased social media platform

(The Hill) – Elon Musk on Tuesday evening appeared to be tempted to create his own social media platform if he did not eventually buy Twitter.

“Have you thought about creating your own social platform?” Tesla’s Silicon Valley owner asked the billionaire on Twitter. “If the Twitter deal doesn’t go through.”

“,” Kasturi replied.

In 1999, Musk co-founded an online financial services company with the same name along with three other people. merged in 2000 with Confinity, which developed PayPal’s electronic payment system.

The domain for Musk’s former company that he shared on Tuesday connects users to a page featuring a single “x” on a blank background.

The tweet exchange comes as Musk battles Twitter in court over the Tesla CEO’s attempt to back out of a deal to buy the social media company.

Kasturi sought to pull out of the deal after accusing the platform of hosting a larger number of spam and fake accounts than it disclosed.

After Twitter sued musk To require him to follow through on the $44 billion deal, Musk countersued Twitter for fraud, breach of contract and violation of securities laws in Texas, alleging that the company misled his team about the size of its user base.

Kasturi disclosed in regulatory filings on Tuesday that he sold nearly $7 billion in Tesla shares in recent days as the legal process continues. Musk in April said he had no plans to sell any more shares.

“Yes,” Musk responded to Twitter users Tuesday evening when asked if he had sold Tesla stock.

“In the event (hopefully unlikely) that Twitter forces this deal to close *and* some equity partners don’t come, it’s important to avoid an emergency sale of Tesla stock,” Musk wrote.

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