Elon Musk

Elon Musk says may create a social media platform

Technology

Elon Musk, CEO of Tesla Inc., stated in tweets that he is seriously considering developing a social media platform since Twitter is “failing to adhere to the free speech principle.”

“Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles undermines democracy,” Elon Musk said on Twitter over the weekend.

In a previous tweet on March 25, he stated that “free expression is crucial to a functioning democracy,” and he questioned whether Twitter “rigorously sticks to this principle.” The US Securities and Exchange Commission told a judge last week that Musk’s tweets regarding Tesla will continue to be a relevant topic for federal inquiry even if a court overturns his 2018 deal with the SEC. 

Musk is attempting to stop SEC control of his Twitter statements, arguing that the agreement is being used to “trample” on his free speech rights. He is also seeking the court to prevent the Securities and Exchange Commission from subpoenaing records related to the review of his tweets.