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Elon Musk says he's seriously considering creating a new social media platform.

Elon Musk said he is giving "serious thought" to creating a new social media platform in a tweet Saturday.

Musk's tweet follows criticism of Twitter, where he claimed the platform doesn't allow for free speech.

He then asked if a new platform is needed.

A 2018 agreement with the Securities and Exchange Commission requires that Musk gain pre-approval from other Tesla executives prior to posting tweets about the company.

After Musk asked his Twitter followers in November if he should sell a 10% of his stake in Tesla, the electric vehicle company received a subpoena from the SEC because the poll question triggered a stock selloff — which the CEO has called "harassment.".

Earlier this week, in response to Musk challenging the subpoena, an SEC regulator urged a federal judge to allow his tweets to continue to be scrutinized.

Source: https://edition.cnn.com

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