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Elon Musk hints he could launch his own social network if Twitter deal collapses


Elon Musk could launch his own social network – X.com – if his deal to purchase Twitter collapses, he has hinted.

Mr Musk is currently attempting to interrupt freed from his original $44 billion offer for Twitter. He argues that the corporate misled him about what number of bots are on the location, and that he ought to be not be forced to undergo with the deal in consequence.

He appears to be preparing for the eventuality that he is not going to be forced to purchase the corporate by selling large amounts of Tesla stock. In a series of tweets, he said the $7 billion sale had been made in case Twitter was successful in forcing the deal to shut.

In a thread of posts about that eventuality, one user asked whether Mr Musk had planned to launch his own social network if he’s successful in escaping the deal. And he not only hinted that he would – but in addition appeared to give away the address.

X.com simply points to an internet site that shows the letter x, and nothing more. But it surely has long been owned by Mr Musk, who has used it for quite a lot of purposes.

Originally, X.com was a web-based bank that was co-founded by Mr Musk and would go on to grow to be a part of PayPal. The branding was eventually lost in a series of mergers within the early 2000s.

PayPal originally kept ownership of the X.com domain name, but sold it to Mr Musk in 2017. He said that he had bought it due to its “sentimental value”.

Since then, it has largely stayed dormant. While it has occasionally been used for marketing campaigns – comparable to directing visitors to a hat sale on one other website – it has largely just shown that single “x”.

Mr Musk gave no indication of how that X.com website would look, or perhaps a firm commitment that it could launch.

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