Elon Musk launches his own social media app? Here’s what they say technology news

New Delhi: Tesla Inc CEO Elon Musk on Saturday announced on Twitter that he is seriously considering building a social media platform as Twitter has failed to “adhere to the free speech principle”. Elon Musk said that failing to adhere to free speech principles fundamentally undermines democracy because Twitter serves as a de facto public town square.

Musk raised the question in his tweet, “Is a new platform needed?” Failure to adhere to the principles of freedom of expression fundamentally undermines democracy, given that Twitter serves as a de facto public town square. “What steps should be taken?”

It was stated by Elon Musk earlier this week that “free speech is essential to a functioning democracy,” and questioned whether Twitter “strictly adheres to this principle.”

According to Bloomberg, the US Securities and Exchange Commission told a judge last week that Musk’s tweets about Tesla would remain a valid subject for government investigation even if a court reverses his 2018 agreement with the SEC.

Musk is attempting to end SEC monitoring of his Twitter posts, claiming the agreement is being used to “tramp down” on his free speech rights. He is also asking the court to restrain the Securities and Exchange Commission from submitting documents related to the review of his tweets.

The SEC settlement agreement states that the regulator will distribute money from the company and Musk to investors who lost money to buy Tesla shares, with Musk saying on Twitter that he was considering going public.

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