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Tesla and SpaceX CEO Elon Musk floated the idea of starting his own social media platform Wednesday if he ends up no longer purchasing Twitter.
Musk, who formerly made a proposal to buy the social media company at $44 billion, argues that Twitter’s disclosed number of false or spam accounts is inaccurate — possibly numbering as high as 33% rather than Twitter’s reported 5%. The multibillionaire is therefore locked in a legal battle, with the company trying to force the completion of the deal.
In an exchange on Twitter about his recent sale of $6.9 billion in Tesla stock, Musk explained that he is avoiding an “emergency sale” of shares in the “hopefully unlikely” event Twitter forces the deal to close.
Yes.
In the (hopefully unlikely) event that Twitter forces this deal to close *and* some equity partners don’t come through, it is important to avoid an emergency sale of Tesla stock.
Elon Musk (@elonmusk) August 10, 2022
When asked whether he would start his own social media platform if the deal is terminated, Musk simply replied with a link to “X.com.”
https://t.co/bOUOejO16Y
— Elon Musk (@elonmusk) August 10, 2022
Musk co-founded X.com as an online bank in 1999, which merged with Confinity in the following year to become PayPal.
