Elon Musk is set to take over Twitter
On Monday, Elon Musk bought Twitter for forty-four billion dollars ($44 billion). Elon Reeve Musk FRS is an entrepreneur, investor, and business magnate. He is the founder, CEO, and Chief Engineer at SpaceX; early-stage investor, CEO, and Product Architect of Tesla, Inc.; founder of The Boring Company; and co-founder of Neuralink and OpenAI and the richest man on earth, decided to take the social-media company (Twitter) private. Twitter is used by more than 200 million people every day
He said that "he wants Twitter to adhere more closely to the principles of free speech", which, in a statement, musk called “the bedrock of a functioning democracy.” (inside the equal announcement, he described Twitter as the “digital town square where matters crucial to the destiny of humanity are debated.”)
- Suggested proposals by Elon Musk for Twitter are:
The edit button will be created for users to edit their tweets.
On other social media platforms like Facebook, and Instagram users can change their content once published but it is not possible to change content on Twitter after publishing. So edit button becomes one of the most requested product changes on Twitter.
Musk has stated he supports letting human beings alternate what their tweets say, a suggestion that has stirred a heated debate amongst reporters, and other users of the platform.
But others say safeguards will be put in place so that tweets will be edited to clean up typos, at the same time as additionally displaying records of the way the tweet changed into edited to keep the original content.
The fear among experts is that adding an edit button feature would be weaponized by bad actors, who could use it to cover up abuse or harassment as if it never happened or to dupe or manipulate people.
War against 'bot armies' to end up all fake accounts.
Musk tweeted last week, "If our Twitter bid succeeds, we will defeat the spam bots or die trying!", adding that he'd like to "authenticate all real humans."
Another favor of Musk is, combating the rapid increase of bots on Twitter. Fake accounts that are programmed to respond to tweets on certain topics.
Musk's business empire has been known to attract is a fair share of bots, including bots supportive of his electric car company Tesla that attack Musk critics.
He has not said he would like to temper those kinds of bots, but he has suggested that there should be a crackdown on scammy bots promoting cryptocurrency hustles.
In the name of free speach loosing up content rules.
He expressed his beliefs in his statement announcing the purchase by saying that "free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated."
That could give license to harassers, trolls, and others who abuse the platform to target people. Experts who study social networks expressed their views on Musk's push to loosen the rules of engagement on Twitter.
Advertisements scrap.
Almost 90% of twitter's revenue comes from advertising, however, the company has struggled to attract advertisers to the platform, which frequently devolves into political firestorms and unsightly online brawls.
Twitter has already taken some steps in that direction with the introduction last year of Twitter Blue, a premium service that cost $2.99 a month for additional features, like an undo button that allows for tweets to be recalled before they are sent.
Musk has said Twitter Blue should be cheaper, that if people are paying, they shouldn't have to see advertisements and that the cryptocurrency that started as a joke, Dogecoin, should be an acceptable form of payment for a Twitter subscription.
To the public, Twitter's algorithm opens up.
He supports placing Twitter's algorithm on GitHub, a site popular with programmers for sharing computer code. Musk has said that the software that determines what people see and how widely content spreads on Twitter should be cracked open.
While some advocates of more transparency at social media companies say that could be a step towards greater openness, others say revealing Twitter's dense and complicated algorithm to the public would accomplish very little. Furthermore, allowing anyone to see Twitter's algorithm could give spammers and malicious actors a way to exploit the system.
Twitter is Changing.
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