A New Social Media Platform Soon To Be Created?

Elon Musk

Tesla CEO and tycoon, Elon Musk has revealed that he is truly considering creating a new social media platform. He declared this in a tweet on Saturday March 26.

Musk’s tweet follows criticism of Twitter, where he claimed the platform doesn’t take into consideration free speech.

The Tweet:

“Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy. What should be done?”

Elon Musk denounces the Securities and Exchange Commission (SEC) of unlawfully spilling details of its Tesla investigation. He then, at that point, inquired as to whether another platform is required.

A 2018 concurrence with the Securities and Exchange Commission expects that Musk gain pre-endorsement from other Tesla executives preceding posting tweets about the organization.

After Musk inquired as to whether he ought to sell a 10% of his stake in Tesla, the electric vehicle organization got a summon from the SEC in light of the fact that the poll question set off a stock selloff – which the CEO has called “provocation”.

Recently, in light of Musk testing the summon, a SEC controller asked a government judge to permit his tweets to keep on being investigated.

In an answer to Elon Musk, SEC also said:

“Musk’s motion to quash is procedurally defective and substantively meritless,” the SEC said.

Assuming that Elon Musk is able to launch this planned social media platform of his own, Musk would join a number of well-known people and technology organizations who are dumping laid out social media organizations and establishing their own platforms, regularly encouraging support “free speech.”

Over 5,000 People Were Chosen On Social Media To Visit Basilica For Free

Former President Donald Trump, who has been banned from Twitter since January 2021, remarkably launched his own platform called- Truth Social in February as a feature of the Trump Media and Technology Group.

Thunder, Parler, Gettr and other services have additionally been created as options in contrast to mainstream social media organizations.

Parler was taken out from Apple’s application store in the midst of charges that January 6 agitators utilized the platform to induce savagery. It was reestablished in April after enhancements were made by the organization to better detect and moderate hate speech.

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