The virtual world has been buzzing since the news of tech billionaire Elon Musk’s acquisition of Twitter for a staggering $44 billion was officially disclosed.
The microblogging platform has been flooded with users expressing their overjoyed reactions as they believe that Musk’s takeover of Twitter will bring back free speech on the platform.
Former US President Donald Trump said that he would not be returning to Twitter if his account was unblocked following the purchase of the platform by the visionary Musk.
Trump said that he would be using his site, Truth Social. According to reports, Trump supported Musk, saying that he was a “good man” who would improve the service of Twitter with his vision.
What does the Twitter board think?
Former Twitter CEO Jack Dorsey supported Musk’s takeover, stating in a tweet that Elon is “the singular solution” that he trusts. Dorsey added that he also trusts Musk’s mission to “extend the light of consciousness” and bring a revolution to the social media platform.
Parag Agrawal, current CEO of Twitter remained positive despite the uncertainty, as he spoke to his employees during a company-wide town hall meeting.
“Twitter has a purpose and relevance that impacts the entire world. Deeply proud of our teams and inspired by the work that has never been more important,” Agrawal stated in the public announcement.
Bret Taylor, Twitter’s independent board chair mentioned that the Twitter board conducted a comprehensive process to assess Elon’s proposal. “The proposed transaction will deliver a substantial cash premium and we believe it is the best path forward for Twitter’s shareholders,” he added.
On the contrary, many users expressed their grief regarding the tech maverick’s recent acquisition, citing that it would serve as Musk’s personal space for advocating his agenda while undermining the world order.
Human rights groups worldwide raised concerns about hate speech on Twitter and the power that its takeover by Elon Musk would give the billionaire after the self-described “free speech absolutist” clinched a deal to take the social media platform private, according to reports.
Angelo Carusone, President of the non-profit media watchdog Media Matters for America, expressed concerns before the announcement that Twitter agreeing to the sale “would be a victory for disinformation and the people who peddle it”.
Jackson Palmer, the co-creator of the meme-based token Dogecoin (DOGE), which Musk has often pushed on the social media platform, called the acquisition a “hostile takeover”.
Kind of changes we might see Musk making
Edit button for Tweets – Musk held a public vote on Twitter’s need for an edit button for tweets. The result was an astounding ‘yes’. Since Musk has expressed interest in this feature before, chances are he might implement it in the coming days.
Removal/revision of shadow ban rules – Since Musk is an advocate of free speech, he might consider revising or removing ‘shadow bans’ altogether. Currently, Twitter can delete your posts without any notification and also block or “shadow ban” you if you disobey the community guidelines, effectively removing you from the platform.
Spam control – The Tesla CEO said on April 14 that one of his top priorities for Twitter would be to eliminate “spam and scam bots and the bot armies,” including those connected to crypto scams.
All things considered, Musk’s buyout of Twitter consolidates his remarkable business portfolio as the world’s richest man adds another feather to his cap with the latest acquisition of the microblogging giant.