June 22, 2024


General Inside You

What will Elon Musk’s Twitter look like?


It is been a whirlwind 48 hrs for Elon Musk and Twitter. If you haven’t caught up, here’s a brief summary:

  • On Monday, it was uncovered via a Securities and Trade Commission (SEC) filing that Musk had taken a 9.2% stake in Twitter, building him the one greatest shareholder of the firm. At the time, the stake was value approximately $3 billion.
  • That day, Musk posted a poll on Twitter, asking if buyers would like to have an edit function. (Several days prior, Twitter itself posted it was doing the job on an edit button for tweets—but the publish arrived on April Fools’ Day, boosting eyebrows in excess of no matter if it was real.) Musk’s poll currently has 3.6 million votes with 73% yes’s and 27% no’s.
  • Twitter CEO Parag Agrawal then retweeted Musk’s poll, urging people to “please vote carefully” as “the consequences of this poll will be significant.”
  • On Tuesday, Agrawal uncovered that Musk had been named to Twitter’s board of administrators, calling him “both a passionate believer and rigorous critic of the assistance.” Twitter founder Jack Dorsey praised the move, tweeting that Musk “leads with his heart” and “cares deeply about our world and Twitter’s purpose in it.”
  • Twitter’s inventory continued to rise—up above 30% considering that Monday morning, and almost 60% in the past month.

So what will Twitter search like with Elon Musk on the board? The founder of Tesla and SpaceX and the world’s richest billionaire, Musk has skillfully crafted a cult pursuing on Twitter, where by he’s known for trolling as effectively as his libertarian views as a self-proclaimed “free speech absolutist.” Two months ago, he posted a Twitter poll stating that “free speech is necessary to a functioning democracy,” and asking his followers, “Do you think Twitter rigorously adheres to this basic principle?” (70% of 2 million voters reported “no.”) “The outcomes of this poll will be important,” Musk wrote at the time. “Please vote meticulously.”

The subsequent day, he posted yet again: “Given that Twitter serves as the de facto community city square, failing to adhere to totally free speech concepts essentially undermines democracy. What should be performed? . . . Is a new platform required?”

As a board member, Musk could likely advocate for a lighter hand when it comes to moderation or terms-of-provider enforcement. He could also hold sway in who else joins the leadership ranks, and has explained he hopes to make “significant improvements” to the enterprise in the months in advance. Throughout all this, his personal stake is obtrusive. Musk’s absolutely free speech grievances go over and above his appropriate to share memes evaluating Canadian Key Minister Justin Trudeau to Adolf Hitler. His Twitter use has introduced genuine hassle on him from the SEC, which has, considering that at least 2018, scrutinized his past tweets about Tesla’s internal financials and production schedules. In a the latest court response following a long time of sparring, Musk has insisted he will not be “muzzled” on Twitter, and accused the agency of “chilling his physical exercise of First Modification rights.” If the SEC ended up to search for to remove Musk from the system, it could possibly grow to be additional challenging now that he’s aspect owner.

In the meantime, conservative politicians have seized the prospect to desire Musk pluck Donald Trump from the shambles of Truth of the matter Social, and put him again on his world wide web podium. Will Musk do it? It is probable, but absolutely nothing so far implies he would be so inclined, or that he would even have required assistance from the rest of the board to make it occur. And his board placement, as some have mentioned, helps prevent him from owning a lot more than 14.9% of the firm and attaining a managing stake. For now, at the very least, Musk would seem to be targeted on his own issues—and offering Twitter people that controversial edit button.


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