Elon Musk currently owns Twitter. The Tesla CEO finally buys the social media network in a $44 billion deal after months of indecision.
Musk rejected Twitter’s CEO Parag Agrawal and other company executives following the acquisition. After declaring his intent to buy it in April of last year, Musk tried to back out of the arrangement. On Twitter, however, a whistleblower discovered a massive amount of bots. Musk was forced to rethink his original purchase plan due to this. As a result, he now controls one of the world’s most powerful social media platforms, despite his plan being unfruitful.
“This is not a way to make money. My strong intuitive sense is that having a public platform that is maximally trusted and broadly inclusive is extremely important to the future of civilization,” Musk said a few months ago.
The possibility of a trial remained had Musk not purchased the business. Fortunately for the acquisition agreement, Musk and Twitter avoided legal battles. Experts have some concerns about how the new CEO of the company will run the business, though, as a result of Musk’s firing of Twitter executives. Musk contends he has plans for the company already, though. Additionally, it goes into more detail about fewer restrictions and free speech.
As an illustration, Musk wants to do away with Twitter’s rule and permanently ban any accounts that do so. Regrettably, this results in the resurgence of previously blocked accounts. The Tesla CEO also plans to crack down on bots by allowing a system of one account per person and banning them altogether.
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Changes made by Musk
Elon first told the public that he intended to purchase Twitter as part of his plans to eradicate bots. Users well received the concept.
“Elon, the next step is the bots. Please. We are begging you,” a user said.
“All user accounts need a verified human behind it, can be anonymous to the public, but required and verified by twitter behind the curtain. Rid this world of Bots and trolls!” another user tweeted.
“I am looking forward to tweeting and not having 50 bot replies within the first 10 seconds,” added another.
Musk expresses additional concerns about fake accounts and spam bots. He claims that he bought Twitter because of these phony accounts.
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The main reason for the purchase
Musk addressed sponsors in a tweet by saying:
“I wanted to reach out personally to share my motivation in acquiring Twitter. There has been much speculation about why I bought Twitter and what I think about advertising. Most of it has been wrong.”
“The reason I acquired Twitter is that it is important to the future of civilization to have a common digital town square where a wide range of beliefs can be debated in a healthy manner without resorting to violence. There is currently great danger that social media will splinter into far right-wing and far left-wing echo chambers that generate more hat and divide our society.”
“In the relentless pursuit of clicks, much of traditional media has fueled and catered to those polarized extremes, as they believe that is what brings in the money, but, in doing so, the opportunity for dialogue is lost.”
“That is why I bought Twitter. I didn’t do it because it would be easy. And I didn’t do it to make more money. I did it to try to help humanity, whom I love. And I do so with humility, recognizing that failure in pursuing this goal, despite our best efforts, is a very real responsibility.”
Photo Credit: Patrick Pleul/Twitter
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