Elon Musk going to build a new social media platform

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Elon Musk has been critical of Twitter and its policies of late. He has said the company is undermining democracy by failing to adhere to free speech principles.

Tesla Inc Chief Executive Officer Elon Musk is giving “serious thought” to building a new social media platform, the billionaire said in a tweet on Saturday.

Musk was responding to a Twitter user’s question on whether he would consider building a social media platform consisting of an open-source algorithm and one that would prioritize free speech, and where propaganda was minimal.

Musk, a prolific user of Twitter himself, has been critical of the social media platform and its policies of late. He has said the company is undermining democracy by failing to adhere to free speech principles.

His tweet comes a day after he put out a Twitter poll asking users if they believed Twitter adheres to the principle of free speech, to which over 70% voted “no”.

If Musk decides to go ahead with creating a new platform, he would be joining a growing portfolio of technology companies that are positioning themselves as champions of free speech and which hope to draw users who feel their views are suppressed on platforms such as Twitter (TWTR.N), Meta Platform’s (FB.O) Facebook and Alphabet-owned (GOOGL.O) Google’s YouTube.