What Does Elon Musk’s Takeover Of Twitter Mean?

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On April 5th, the world, already shocked by the terrible consequences of the war between Russia and Ukraine, was further stunned by the announcement that Elon Musk had become a board member of the microblogging site, Twitter. Over the coming weeks, that stunning effect amplified as news broke out that Musk had proceeded to buy 100% shares of the company in exchange for a whopping cash amount of 44 billion dollars. A deal that would be ranked as one of the biggest buyouts had just been signed. Given how much the deal has been discussed in the media and the huge following the microblogging site has all across Planet Earth, there is a lot of curiosity in many people about what is going to happen after this takeover. In the case that you are one of these people, know that there is no better place for you to be than this page as we will be walking you through everything this happening entails. However, for us to do that, we first need to examine the two parties involved in this massive event – Twitter and Elon Musk.

What Is Twitter?

Throwing in a bit of a history lesson here but Twitter was formed on the 21st of March, 2006. This means that it has been able to dominate the market for a decade and a half. Today, it has over two hundred million followers.

As stated earlier, Twitter is a microblogging site – an online platform for people to blog about whatever they want for a global audience to read and be influenced by. Alongside, it can also be termed a social networking site because people get to interact with one another in a number of ways. These ways include but are not limited to commenting on each other’s microblogs (commonly known as Tweets), following other Twitter users, and private messaging them. The Tweets posted can be about anything ranging from politics to sports to pop culture. Besides Tweets, people can also interact with others by forming Twitter spaces. As long as all the people involved have quality internet such as Xfinity internet, Twitter spaces prove to be excellent modes of video communication between large numbers of people. As movements like #BlackLivesMatter and #MeToo rose in popularity, people started to pressurize the platform to start investing in the policing of bad content that could potentially have racist and/or sexist undertones. Twitter listened and began to do that. Besides this kind of policing, action was also taken by Twitter against the misreporting of information. The biggest example of this would be the permanent expulsion of the account of Donald Trump from Twitter after it was concluded that he was Tweeting out untrue content or, in his very own words, spreading “fake news.” 

Who Is Elon Musk?

Elon Musk is the world’s richest man. Before he spent the 44 billion dollars while buying Twitter, he was known to have wealth worth more than 300 billion dollars. Alongside, he had established quite a few times that he was a big fan of free speech. In fact, this fandom of free speech probably lies at the heart of Elon Musk’s buy-out of Twitter and all the news surrounding it. People are expecting him to repeal all the restrictions Twitter had made to regulate expression. Below, we have listed the major measures he is expected to take. 

Bringing Back Trump

In an interview at the Future of the Car event that happened before the final transfer of Twitter’s ownership, Musk said that he would reverse the expulsion of Donald Trump from Twitter. He said that this action was foolish as it only amplified the voice of the controversial former President amongst his followers and, thus, lead to the further polarization of society. He further went on to say that, although temporary suspensions of harmful accounts and deletion of inciteful tweets were permissible, permanent bans on any account were not good. He even used phrases as strong as “morally wrong.”

Stricter Action On Bots

Judging from the statements of Mr. Musk, the lack of permanent bans on human accounts will be accompanied by an increase in everlasting expulsions of accounts run by bots. Elon talked about this on multiple occasions, including the Future of the Car event mentioned in the previous paragraph. 

Lesser Regulation

Overall, we can expect lesser censorship of tweets as well as comments on them. People will be able to post things that are considered too politically incorrect by the current Twitter administration led by Parag Agarwal. 

Wrapping Up

We hope this article has helped you comprehend the impact of Elon Musk’s takeover of Twitter.