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Elon Musk plans to launch a new social media site
Economy

Elon Musk plans to launch a new social media site

“Given that Twitter operates de facto as a public urban space, failure to comply with the principles of free speech fundamentally undermines democracy,” Musk wrote on Twitter over the weekend.

In an earlier tweet dated March 25, he said that “freedom of speech is essential to a functioning democracy” and questioned whether Twitter “strongly adheres to this principle.” Last week, the US Securities and Exchange Commission told the court that Musk’s tweets about Tesla are still under investigation by the authority. , even if the court cancels its 2018 deal with the Securities and Exchange Commission.

Musk is working to end the Securities and Exchange Commission’s oversight of his Twitter posts while claiming the agreement is a serious violation of his free speech rights. He also asks the court to block a subpoena for documents related to the review of his tweets by the exchange’s supervisor. Under its agreement with the exchange’s supervisor, the regulator will distribute funds from the company and Musk to investors who have suffered material damage as a result of Musk’s tweets.

(Bloomberg)

Cover image source: Christian Marquardt-Paul / Getty Images

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