Elon Musk mulls creation of own social media as networth hits $270.1bn

World richest man, Elon Musk, is considering creating his own social media platform to compete against Twitter and Facebook as his networth hit $270.1 billion.

Musk revealed his intention on Twitter on Sunday after conducting a poll on the platform owned by Jack Dorsey, about Free speech and its role in functioning democracy.

In the poll question “Do you believe Twitter rigorously adheres to this principle? (Free Speech)?”, the South African asked his 79.2 million followers on the microblogging platform, 2.03 million responded with 70 percent voting against Twitter and 30 percent in support.

Musk asked his followers to vote carefully because the consequences of the poll would be important.

READ ALSO: Elon Musk loses almost double of Aliko Dangote’s wealth

After the voting ended on Saturday, he said: “Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy.

“What should be done?”

When Machine Learning Engineer, Pranay Pathole, directly asked him if he was considering creating his own social media platform, the billionaire responded: “Am giving serious thought to this.”

This comes after Musk’s wealth reached $270.1 billion, up from the $264 billion Ripples Nigeria reported his fortune to be in January.

The Tesla founder’s networth was estimated at $151 billion in 2021.

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now