Elon Musk Hints at Creating a New Open-source Social Media Platform

Key Takeaways:

  • Elon Musk tweeted to say that he is giving “serious thoughts” to creating a new social media platform. 
  • Musk said that in a response to a Twitter user’s question on whether he has any plans of developing a social media platform with an open-source algorithm. 
  • Recently, Musk has been very critical of Twitter’s policies 

Elon Musk, Tesla’s Chief Executive Officer in a tweet said that he is giving a “serious thought” to create a social media platform. 

Musk tweeted that as a response to a question asked by a user on whether he has any plans of creating a social media platform with an open-source algorithm that would prioritize freedom of speech. 

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Musk and freedom of speech

Musk has been critical of Twitter and its policies in recent months. He said that the platform is not impeding democracy by failing to comply with the free speech principles. 

Musk tweeted this a day after he created a poll asking users if they believed Twitter adheres to the free speech principles. Around 70% of respondents voted “no”. 

He had said that the poll’s results will have huge consequences and people should vote carefully. Musk further added that freedom of speech is important to a functioning democracy. 

Musk – in the line of fire since 2018

Musk has been involved in a bunch of controversies on Twitter in the last three to four years. 

For example, in August 2018, Musk tweeted that he was considering taking Tesla private. However, a lot of observers were of the opinion that this was just a tactic to shake short-sellers. 

Which seemed to be a harmless tweet had pretty serious consequences. It had a strong impact on investors, compelling regulators to fine Tesla for a sum of $20 million, and also attracting a class-action lawsuit. 

The tweet in 2018 was followed by a series of events that have continued till February 2022. Last month, new information related to federal oversight was made available to the public. 

The tweet claimed that Musk could possibly take Tesla private with the value of the stock sitting at $420 per share. The tweet also said that Musk had the “funding secured” to acquire shares from stakeholders who did not want to continue their allegiances with the company. 

This news caused Tesla’s stock price to increase for a short period of time before returning to normal. 

It is no secret that Musk has been involved in a chain of events on Twitter that have caused quite a stir. Will Musk create a new social media platform? Would you use it?

Leave your comments below and tell us what you think. 

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Image Source: Image by Click on 👍🏼👍🏼, consider ☕ Thank you! 🤗 from Pixabay 

Karandeep V

Karandeep was born in Pune, Maharashtra, an upcoming metropolitan city in the Western region of India. While most members of his family are engineers, he had different ideas. He was more inclined toward exploring the non-technical aspects of a business, which is why he studied Bachelors of Business Administration at Symbiosis International University, Pune.  Having said that, his love for new and upcoming technologies remained intact, which is why he has written extensively about technology throughout his career. After a brief stint with a gaming company at the beginning of his career, he discovered that his love for writing was not temporary.  Being a tech geek, he always liked installing and playing around with new applications on his mobile devices and the home desktop. He was fascinated by how technology can simplify even the most mundane and complex tasks with just a few commands. He keeps a close eye on how businesses use different tools to streamline their operations to boost productivity and efficiency.  At ToolsMetric, he writes product reviews that cover the main features and specifications of different enterprise applications. The sheer amount of innovation and hard work that goes into building these tech solutions is one of the reasons why Karandeep loves reviewing these tools. Besides product reviews, he also writes interesting news articles and blogs that track the latest developments in the tech industry.  When he is not writing, you can find him rooted to his seat playing video games, watching movies, or supporting his favorite football team. Since his childhood, he has always loved to travel and explore new places. Traveling is a major part of his life due to a myriad of reasons such as experiencing new cultures, food, and traditions. His other hobbies include playing football, cooking, and running.  You can find him on LinkedIn here.

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