00:00 The sad truth is that there are no great social networks right now, says Elon Musk himself
00:05 on his renewed platform X, previously known as Twitter.
00:09 We may fail, as so many have predicted, but we will try our best to make there be at least
00:14 one.
00:15 Since acquiring the site last year, the billionaire has drawn backlash and lost user confidence
00:21 by making changes to the site and company, laying off a majority of employees, overhauling
00:26 the verification system and rebranding.
00:29 These changes have led users to migrate to different social media platforms.
00:34 HuffPost reports the new app by Meta Threads is one of these platforms.
00:39 The site confirms X threatened to sue Threads, claiming it has engaged in systematic, willful
00:45 and unlawful misappropriation of Twitter's trade secrets and other intellectual property
00:51 by hiring previous Twitter employees.
00:54 In more recent news, Musk has announced a plan to remove the block button from X, a
00:59 tool that allows users to choose who gets to see and interact with their content or
01:04 profile, claiming it makes no sense.
01:07 (upbeat music)
01:10 [MUSIC]
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