(Washington Insider Magazine)-Elon Musk’s acquisition of Twitter has addressed many concerns about free speech and fascism on the platform. However, many current platform users fear that the first action that will occur will be the restoration of Donald Trump’s account.
The Tesla chief executive made a post showing the strongest acknowledgment that the $44 billion dollar deal for the social media platform will proceed as planned.
While he did not own Twitter at the time of the post, Elon did make statements about how Twitter would be a safe square for all of humanity to help each other. He wants to reinforce the concept of a collective “greater good” where true freedom abounds – even and especially on the internet.
The final paperwork for the Twitter acquisition deal was completed this past Friday. Over the last few days, Elon has made several posts, including about him entering Twitter headquarters in San Francisco.
Since the confirmation of the purchase going through, Twitter shares have risen by 1% and made it over $54 – despite the dismal state of affairs in the U.S. stock market.
There is a great deal of unknown about how Musk plans to run the platform and the long-term fallout of it.
His criticism of Twitter’s published user figures and an almost completely moderator-free experience leaves many things open to how things will turn out.
While Musk may be one of the world’s richest people, the loan he took out to buy Twitter will require him to pay about 1 billion a year out of the platform’s profits. In response to a report by the Wall Street Journal, Musk made a post about how the platform will be welcome for everyone, but many clients have paused orders on adverts until a decision on whether or not Trump’s account will be reinstated.
While this could be harmful, users may enjoy his unique way of “doing things.” After all – when Musk first attempted to buy Twitter, he stated that there will be no more ads. (Doesn’t that sound great?)
Whether or not he truly intended to follow through with that is to be seen.