BELOW SUPERNAV drop zone ⇩

Musk teases X.com if Twitter deal is a no-go

FILE – Tesla CEO Elon Musk speaks before unveiling the Model Y at Tesla’s design studio in Hawthorne, Calif., March 14, 2019. On Friday, July 15, 2022, Musk fired back at Twitter’s lawsuit seeking to force him to complete his $44 billion acquisition of the platform, according to multiple news reports. (AP Photo/Jae C. Hong, File)

MAIN AREA TOP drop zone ⇩

MAIN AREA TOP drop zone ⇩

Testing widget old system

Lorenzo shared

(The Hill) — Elon Musk on Tuesday appeared to tease creating his own social media platform if he does not ultimately buy Twitter.

“Have you thought about creating your own social platform?” Tesla Owners Silicon Valley asked the billionaire on Twitter. “If the Twitter deal doesn’t come through.”

“X.com,” Musk responded.

In 1999, Musk co-founded an online financial services company with the same name alongside three other people. X.com merged in 2000 with Confinity, which went on to develop the PayPal electronic payment system.

The domain for Musk’s former company that he shared on Tuesday connects users to a page that displays a singular “x” on a blank background.

The tweet exchange comes as Musk battles Twitter in court over the Tesla CEO’s attempt to pull out of a deal to buy the social media company.

Musk is attempting to exit the deal after accusing the platform of hosting a larger number of spam and fake accounts than it had disclosed.

After Twitter sued Musk to require him to follow through with the $44 billion deal, Musk countersued Twitter for fraud, breach of contract and violation of a securities law in Texas, arguing the company misled his team about its user base size.

Musk disclosed in regulatory filings on Tuesday that he sold nearly $7 billion worth of Tesla shares in recent days as the legal proceedings continue. Musk in April said he had no plans to sell further shares.

“Yes,” Musk responded to a Twitter user on Tuesday evening when asked if he was done selling Tesla shares.

“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,” Musk wrote.

Business

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed

Site Settings Survey

 

MAIN AREA MIDDLE drop zone ⇩

Trending on NewsNation

MAIN AREA BOTTOM drop zone ⇩

tt

KC Chiefs parade shooting: 1 dead, 21 shot including 9 kids | Morning in America

Witness of Chiefs parade shooting describes suspect | Banfield

Kansas City Chiefs parade shooting: Mom of 2 dead, over 20 shot | Banfield

WWE star Ashley Massaro 'threatened' by board to keep quiet about alleged rape: Friend | Banfield

Friend of WWE star: Ashley Massaro 'spent hours' sobbing after alleged rape | Banfield

Cloudy

la

65°F Cloudy Feels like 65°
Wind
1 mph E
Humidity
77%
Sunrise
Sunset

Tonight

Partly cloudy this evening, then becoming cloudy after midnight. Expect mist and reduced visibilities at times. Low 61F. Winds light and variable.
61°F Partly cloudy this evening, then becoming cloudy after midnight. Expect mist and reduced visibilities at times. Low 61F. Winds light and variable.
Wind
6 mph W
Precip
8%
Sunset
Moon Phase
Waning Gibbous