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Updated on May 24, 2022 9:30 am

Elon Musk says he is severely contemplating creating a brand new social media platform


Musk’s tweet follows criticism of Twitter, the place he claimed the platform would not enable without cost speech.

“On condition that Twitter serves because the de facto public city sq., failing to stick to free speech ideas essentially undermines democracy,” Musk tweeted Friday. “What must be performed?”
Elon Musk accuses the SEC of illegally leaking details of its Tesla investigation

He then requested if a brand new platform is required.

A 2018 settlement with the Securities and Trade Fee requires that Musk achieve pre-approval from different Tesla executives previous to posting tweets in regards to the firm.
After Musk requested his Twitter followers in November if he ought to promote a ten% of his stake in Tesla, the electrical car firm obtained a subpoena from the SEC as a result of the ballot query triggered a inventory selloff — which the CEO has known as “harassment.” .

Earlier this week, in response to Musk difficult the subpoena, an SEC regulator urged a federal choose to permit his tweets to proceed to be scrutinized.

“Musk’s movement to quash is procedurally faulty and substantively meritless,” the SEC mentioned.

If he proceeds with launching a platform of his personal, Musk would be a part of a rising listing of public figures and expertise firms who’re ditching established social media networks and creating their very own platforms, usually championing “free speech.” Former President Donald Trump, who has been banned from Twitter since January 2021, notably launched Fact Social in February as a part of the Trump Media and Know-how Group.
Rumble, Parler, Gettr and different companies have additionally fashioned as alternate options to mainstream social networks. Parler was faraway from Apple’s app retailer amid allegations that January 6 rioters used the platform to incite violence. It was reinstated in April after enhancements had been made by the corporate to raised detect and average hate speech.

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



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