Elon Musk teases X.com because the social media firm he could launch
Tesla CEO Elon Musk has teased the launch of a brand new social media web site named X.com amid the authorized battle with Twitter.
X.com was once the area title of a startup Musk based twenty years again, which he later merged with monetary providers firm PayPal.
When requested has he considered creating his personal social platform if the Twitter deal does not come by way of, Musk replied: “X.com.”
After promoting its electrical automobile firm shares value practically $7 billion, the Tesla and SpaceX CEO stated he would repurchase Tesla inventory if the Twitter deal didn’t shut.
When requested by a person on the microblogging platform if he’s executed promoting Tesla inventory, the tech billionaire replied affirmatively.
“Sure. Within the (hopefully unlikely) occasion that Twitter forces this deal to shut *and* some fairness companions don’t come by way of, you will need to keep away from an emergency sale of Tesla inventory,” Musk wrote on Twitter.
In the meantime, whereas replying to a different person who requested “If the Twitter deal doesn’t shut, will you purchase Tesla inventory once more,” Musk replied, “Sure.”
As per a report, Musk offered 7.92 million firm shares value round $6.88 billion.
Musk’s transactions occurred between August 5 and August 9, the US Securities and Alternate Fee (SEC) filings revealed, following Tesla’s 2022 annual shareholder assembly on August 4 in Austin, Texas.
Musk and Twitter are locked in an intense authorized battle over cancellation of the $44 billion takeover deal, and the five-process will begin in a US court docket from October 17.
(Apart from the headline, the remainder of this IANS article is un-edited)