Elon Musk is expected to build a new social media network

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Billionaire said Saturday he is giving “serious thought” to creating a new social media platform. “Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy,” Musk tweeted anticipating this idea. A 2018 agreement with Securities and Exchange Commission requires that Musk gain pre-approval from other Tesla executives prior to posting tweets about the company. Maybe Musk was inspired. Recently, former President Trump launched the Truth Social network. Other alternatives to mainstream social networks exist.

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A few time ago, ran a Twitter poll asking users if they believe Twitter adheres to the principles of free speech, adding in another tweet that the poll’s consequences “will be important.” On the poll, 70% voted „no”. Until now, however, no one have been able to compete with the popularity of the original social platforms. Like the former Republican President, the richest man in the world is one of the most followed personalities on the social network Twitter. He regularly exchanges with the fans. His companies does not spend money on marketing or advertising. He is a mega influencer. If will develop his plan to build a social network we have to expect something big.