Elon Musk Teases X.com as a Potential Social Media Site of His Own

The billionaire teased X.com, a potential new social media platform, in a response to a question about what he would do if his deal to purchaseTwitter doesn't go through.

Another headline. The billionaire tech tycoon is trying to buy the popular social media website. However, Musk appears to be signalling his desire to create his own social media platform in a response to the owners of Silicon Valley. When the group asked Musk if he was going to create his own social media platform, Musk replied with a website domain: X.com.

According to Yahoo Finance, Musk purchased X.com from eBay. X.com was founded in 1999 as an online bank, before it was merged with a competitor in 2000. The best use of the X.com domain would be as an umbrella website that would lead users to Musk's other ventures, according to Musk.

After Musk decided to sell billions of dollars of stock in his company despite saying he wouldn't sell more, X.com was put up as a potential rival. According to onlookers, the move is in preparation for being forced to make good on his offer to buy the micro-blogging site.

He is going to either create his own social media site or follow through with his original mission to buy the micro-messaging service.

The debacle began earlier this year when Musk and his company entered serious talks to purchase the website. However, Musk announced a few weeks later that the deal was on hold due to his interest in figuring out what percentage of the population was actually bots, before axing the deal in July, which has landed him in some hot water.

This is a story that is likely to develop.