Elon Musk to buy Twitter in $44 billion deal
May 6, 2022
Last Monday, Elon Musk reached a compromise to buy Twitter for roughly $44 billion dollars. Twitters board directors have agreed to sell the company to the Tesla’s CEO, richest person in the world, Elon Musk for his own private purposes. Musk promises a more lenient touch to social media platform where he can promote his personal interests and share his own opinions to his millions of followers.
Musk’s main purpose of buying the social media platform is to improve twitter as it is and privatize it. He elaborates on what changes would come to the widely known social media platform, such as getting rid of spam bots and or spam accounts, and fixing twitter to make use of the potential it has for the use of freedom of speech.
“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,” states Musk in a press release. “I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans. Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it.”
These new changes coming to twitter has left critics and the company itself worried as it could spark a wave of hate speech and it would ultimately foil all the work the company has done to create a safe space for people to use Twitter.
“Disinformation, misinformation and hate speech have NO PLACE on Twitter,” said the NAACP, the National Association for the Advancement of Colored People, one of the largest civil rights organizations. “Do not allow 45 [former President Trump] to return to the platform. Do not allow Twitter to become a petri dish for hate speech, or falsehoods that subvert our democracy.”
As of now there are no set dates for when Twitter’s regulations will change or what are the official changes coming to the social media platform.