AMMAN – The well-known billionaire, owner of “Tesla” and “SpaceX”, Elon Musk, acquired Twitter for $ 44 billion, in a privatization deal described as “the biggest in the next two decades”, while raising questions Has about what he can do. A man in the world with the social media platform preferred by leaders.
Twitter agreed to sell itself to Musk for $ 54.20 a share, a 38 percent increase in the price of shares in the financial markets, before Musk announced its intention to buy it and revealed that it was the largest owns his shares.
“Freedom of expression is the cornerstone of a functioning democracy, and Twitter is the digital city arena where issues essential to the future of humanity are discussed,” Musk said in a statement announcing the success of the agreement.
He stressed that he wanted to make Twitter better than ever by enhancing the product with new features, creating open source algorithms to increase trust, and defeating random Twitter bots.
“Twitter has tremendous potential, and I look forward to working with the company and the user community to unlock it,” he concluded.
Why buy a Twitter mask?
Musk has repeatedly stressed that Twitter is an essential platform for exchanging multiple views, and revealed in an interview with the “TED” organization after announcing his intention to buy the platform over a number of his plans .
“I think it’s very important to have an inclusive arena of freedom of expression … Twitter has become the de facto arena of the city, so it’s really important that people have both the reality and the perception that they are free. within the limits of the law, ”he said.
The Washington Post reported that some critics feared that Musk’s ownership of the company would allow the distribution of extremist content, which social media companies were having trouble getting rid of.
What can change?
In the next phase, the New York Times relied on several “indicators of the fate of Twitter” and relied on his interviews and official requests, in addition to Musk’s tweets about his plans.
Content and censorship
Musk has repeatedly expressed concern that Twitter content moderators are interfering with the platform.
In the official documents in which Musk announced his intention to buy Twitter, he wrote: “I invested in Twitter because I believe it can be a platform for freedom of expression around the world, and I believe in freedom of expression.” a working democratic society is a necessity. “
He added that he does not trust the company’s current leadership to make the changes he deems necessary and to prioritize his ideas on freedom of expression on the platform.
“Since I made my investment, I now realize that the company will not thrive and will not serve this social necessity in its current form,” he said.
In a tweet Monday, before announcing his agreement with Twitter, Musk said he hopes even his “worst critics” will use the platform “because that’s what free speech is.”
Open Source Algorithms
The US billionaire confirmed at the beginning of the month that he intends to provide algorithms for displaying tweets so that users can understand why they appear on their pages.
He said providing information to users would help them understand why other tweets appear and disappear, and to understand what’s happening.
Musk had earlier promised to get rid of the accounts that randomly tweet, which are usually supervised by bots.
He has also been criticized for highlighting some stories of people like former US President Barack Obama, or singer Justin Bieber, although they do not tweet much.
The ability to edit tweets
This is a feature that users have long requested by script to eliminate spelling errors and edit the tweet without deleting it and posting it again.
Musk asked his followers through a survey he did on Twitter if they wanted an edit button, and 73.6 percent of them, or four million users, responded by agreeing to the feature’s availability.
Just a day later, Twitter’s communications team confirmed via a tweet that work was underway to provide the editing feature.
Is Trump back?
Ownership of Twitter will give Musk power over important social and political issues, perhaps most important the ban on former President Donald Trump, who instituted the site in response to the January 6 storm on the Capitol, according to the Washington Post.
In a recent tweet, Musk said any social media policy “is good if 10 percent of hardliners between left and right are not equally happy.”
Musk did not address in his TED interview what he could do with the former US president’s account, but he criticized Twitter’s ban policy.
Musk said Twitter “should be very careful about a permanent ban” on accounts, stressing that it believes the temporary suspension of accounts is a better solution.
Trump, for his part, confirmed to Fox News on Monday that he would not return to using the Twitter platform, even if Musk bought the company. He has indicated that he will use his private network for social network “TRUTH” officially during the next week, as planned.
“I’m not going to Twitter, I’m going to stay in TRUTH,” he added.
It is noteworthy that the “TRUTH” platform of the “Trump Media & Technology Group” was officially launched last month and has been running within four days within the framework of completely new cloud services, and the former Republican representative of California, Devin Nunes is the executive head of the company.
However, CNBC confirmed that shares of the Digital World Acquisition Corp., which is preparing to put the Trump media project into public circulation, saw a decline after Musk announced the purchase of Twitter.
The stock fell more than 12 percent on Monday, bringing its year-to-date losses to more than 30 percent.
Are privacy laws changing?
The Washington Post reports that it is not yet clear whether Musk is changing the company’s privacy laws, and it is unlikely he will do so because he could face a strong reaction as users’ information. not be properly secured.
She said Musk’s ownership of Twitter would enable him to obtain sensitive information, more so than Tesla and SpaceX, since even Musk himself was subject to the detection of his messages, and some of his private information was even published in public. .
The American newspaper refers to an incident in which a teenager created an account via Twitter to track down Musk’s plane, and the billionaire offered him to clear the account for $ 5,000, but the young man refused.