Elon Musk's Social Media Platform Named X.com Teased: Check Details

Amid the ongoing tussle with micro-blogging site Twitter, billionaire Elon Musk has given a glimpse of his social media website purportedly named X.com

Decades ago, Musk co-founded an online financial services company with the same name along with three other people. Image: Getty

Amid the ongoing tussle with micro-blogging site Twitter, billionaire Elon Musk has given a glimpse of his social media website purportedly named X.com which is a potential rival for Twitter. His response came after a Twitter account named Tesla Owners Silicon Valley asked the Tesla and SpaceX founder on Twitter:  “Have you thought about creating your own social platform?” “If Twitter deal doesn’t come through.”

Musk replied: “X.com."

This comes days after Twitter and Musk battle in court after the latter abandoned a $44 billion deal to acquire the micro-blogging company.

Decades ago, Musk co-founded an online financial services company with the same name along with three other people. X.com merged in 2000 with Confinity, which developed the PayPal electronic payment system. The domain for Musk’s former company that he shared on Tuesday connects users to a page that displays a singular “x” on a blank background, says a report by The Hill.

Meanwhile, the Tesla Chief Executive Officer has offloaded $6.9 billion of shares in the American electric automaker, according to regulatory filings on Tuesday, just monnths after saying he didn’t plan to sell any more stock in Tesla, a report by news agency Bloomberg said earlier this week. According to the SEC filings, Musk sold about 79.2 lakh shares on August 5. The sale comes just four months after Musk, the world’s richest person, said he had no further plans to sell Tesla shares after disposing of $8.5 billion of stock in the wake of his now-pulled deal to buy Twitter .

Earlier in July, Musk had said he was terminating his $44 billion deal to acquire Twitter and take it private, claiming the company has made “misleading representations” over the number of spam bots on the service. The micro-blogging site has since sued to force Musk to consummate the deal, and a trial in the Delaware Chancery Court has been set for October.