We do know that Elon Musk is a very famous billionaire and also the founder of SpaceX and Tesla. But have you ever heard about the website called X.com? Do you know that Elon Musk is probably planning to set up his own new social media platform under the domain X.com? Do you know the X.com Launch Date? If you all these questions in your mind, then pal you have come to the right place, this post is going to help you out.
Well, the news of Elon Musk setting up his own social media platform under the domain X.com is actually a very big news. This news made its way at that time when Elon Musk and Twitter were preparing for their court proceedings. Now, you must be wondering what about the court proceedings. Actually, Twitter sued Musk for backing out of the $44 billion acquisition deal. So, due to this reason, both Musk and Twitter are preparing for court proceedings.
Now, if you want to know about the X.com Launch Date, then you have come to the right place. The mysterious domain has left us all wondering what is X.com and what social media platform will Elon Musk set up. Yes, we all are just amazed and lost just like you are.
So now, let’s not waste any more time and quickly get started to know about the launch date of X.com and what is this website all about.
When Will The Court Proceedings Begin?
It just seems like Twitter and Elon Musk saga doesn’t refuse to die down. Since Twitter has sued Musk for backing out of the $44 billion acquisition deal the court proceedings are set to begin on October 17. However, Musk recently revealed that he is planning to launch his own social media platform.
So, responding to the Twitter user who had asked if Elon Musk has ever considered creating his own social media platform or not, just in case the Twitter deal falls apart. To this question, Musk just replied by saying “X.com”.
If Musk is forced to go with the Twitter acquisition, then Twitter will just be an extended add-on in the expansion of the rival platform. It will just leverage what he is thinking of doing with X.com.
Related: How To Protect Your Tweets On Twitter Via Your PC, iOS, And Android Devices?
X.com Launch Date
Let us know about the X.com Launch Date. We cannot deny the fact that Musk too will join the list of the users who do have issues with Twitter and want to create their own social media platform. One of the recent cases would be of the former US president Donald Trump and his own social media platform, Truth Social was a look-alike of Twitter.
Though most of these derivative platforms do not actually survive more than one or two years. However, the Truth Social app of Trump and Koo app which is India’s own social media platform are actually doing very well.
To Koo claims that they have more than 7 to 8 million active users every month. But they expect around 100 million downloads of their app by the end of 2022.
Musk has owned the X.com domain for many years and across businesses as well. X.com was actually the first venture of Musk before he got involved with PayPal. However, the business that X.com was linked with got merged with PayPal but it was later sold to eBay in 2002. Musk had bought the X.com domain back from PayPal in the year 2017 for an amount that was not disclosed.
It was at this time when Musk said that he had bought the domain name back again for sentimental reasons. However, there are many experts who believe that this was just a cover-up since Musk is known to be sentimental. The trade analysts and experts were of the opinion that this might be the grand endeavor of Musk which might be greater than SpaceX or Tesla. So, you can say that Musk actually has a long-term strategy planned already.
Related: Tesla Elon Musk Tiny Portable House | Why To Choose The Tiny Houses?
Elon Musk’s Opinion About Twitter
Musk had decided earlier this year to pull out of his bid to get Twitter, saying that Twitter either does not provide the information correctly or withholds information. He was mainly concerned about the number of Twitter bots along with the spam accounts. Moreover, he also was concerned about whether the user base that Twitter boasts was actually accurate or not. This in turn led to the heated and public argument between the Twitter users and Musk during which Twitter shares tanked.
Now, knowing that he might be forced to get Twitter Musk recently sold around $7 billion portion of his Tesla holdings. Musk will have to pay $1 billion if he fails to buy Twitter.
Related: Elon Musk Buys Twitter | New Rules Are Awaiting
So that’s about the X.com launch date. Let’s wait to know whether Musk buys Twitter or he makes a new one. If you have any questions, you can reach us in the comment section below.