Elon Musk bought Twitter Inc for $44 billion in cash on New Year’s Day, completing Elon Musk’s acquisition of the social media platform used by billions of users and global leaders worldwide.
Musk The Free Speech Absolutist
Musk, who calls himself a free speech absolutist, has accused Twitter’s system of moderating tweets as public and things too lenient toward companies that use it to promote products or themselves.
Activists think that a Musk-owned Twitter will bring less restriction and reinstatation of banned individuals, including the former president of the United States, Donald Trump. Conservatives cheered the prospect of fewer controls while human rights activists voiced fear of increased hate speech.
Musk has also proposed modifications to make the service less complex, such as a caption and a remove button for robots that send endless measures of unwanted tweets.
Former Twitter CEO Jack Dorsey wrapped up a series of tweets expressing gratitude to Elon Musk and current Twitter CEO Parag Agrawal late on Monday.
Twitter Shares Have Risen As A Result
Musk’s Twitter quantity of shares rocketed 5.7% toward Monday’s close, coming to $51.70 per share. The list price represents a near 40% premium to Musk’s initial price tag on Sunday.
As someone invested in Twitter, I cannot wait to see how Elon will transform this social media platform.