Elon Musk then pointed the finger at Twitter, accusing it of undermining democracy. He also expressed the idea of launching a new social network, a competitor to Twitter. “Do we need a new platform? “Launched the founder of Tesla recently, followed by some 79 million subscribers. Asked by a user of the microblogging site about his real intention of creating his own platform, the founder of Tesla replied laconically that he was thinking about it “seriously”.
Heavy fines on Tesla
Elon Musk has a heavy liability on the blue bird network. The richest man in the world thanks to the soaring stock price of Tesla has, on several occasions, agitated the markets via Twitter. The SEC (Securities and Exchange Commission) then launched an investigation against the businessman for fraud. Tesla and its founder were each fined $20 million by the US stock market watchdog. This case is not over.
Last week, the SEC indicated that Elon Musk’s tweets remained a subject of investigation for the government, even if justice rejected the agreement reached in 2018. Elon Musk, for his part, would like the surveillance of the SEC closes, arguing that the deal can be used to “trample” on its free speech rights.
In addition, it should be remembered that Donald Trump launched his own social network, called “Truth Social”, last February, about a year after his banishment from Twitter, Facebook and YouTube, in January 2021. Inspired by Twitter, “Truth social” uses technology from Mastodon, the free alternative to the American social network. First deployed on the App Store, the network is supposed to be “fully operational by the end of March”, according to Devin Nunes, the boss of Trump Media & Technology Group (TMTG), the company that designs the new network.