Elon Musk’s Twitter Takeover: What Should We Expect?

First, he is the richest person on the planet. And so what should we expect from him? After all, he bought a website that affects conversations around the globe. Many billionaires buy media, but the motivation is rarely money-related. Instead, it is a publicity vehicle for their companies. The money he spends on media may pressure governments to help them promote their companies, or they may push back against them. The possibilities are endless.

Twitter Might Give Elon Musk A Powerful Bully Pulpit

As Elon Musk takeover over Twitter, he might have gained the largest bully pulpit in the world. Despite his history of mistreating (discriminating) employees, breaking the law, and running afoul of the SEC, he has been known to back politicians on both sides of the political spectrum. His obsession with profit and his use of Twitter is anathema to a democratic society. With this, he could use his bully pulpit to further his political agenda.

Some worry that Musk’s Twitter takeover will make Trump even more controversial, especially since he’s a “free speech absolutist.” Many speculate that Trump will return to Twitter. However, the former president has already disavowed such a possibility. The Australian lobby group, Digital Rights Watch, is also concerned about the takeover.

Reignition Of Debate Over Policing Hate Speech And Violence

Elon Musks’ purchase of Twitter raises broader questions about how Twitter should regulate content. As an investor in the company, Musk has defended his position as a “free speech absolutist” and criticized its content moderation policies. In fact, he famously banned former President Donald Trump from the platform after getting multiple warnings over his tweets promoting violence and anti-democratic ideas. It is unclear how Twitter will handle this issue, but it is clear that many users are concerned that Musk’s acquisition of the platform will lead to the reactivation of dangerous accounts.

Although Musk has repeatedly discussed the importance of free speech and the right to free speech, he has no experience policing the content on Twitter. There are hundreds of millions of tweets posted every day. While Musk has given little detail on his plans for content moderation, some hints have emerged. For example, Musk says he’ll leave controversial content up and only remove content that clearly breaks the law.

Revenue And Subscriber Growth

Although Twitter continues to add new users, growth rates have slowed. The company’s newest feature, Twitter Blue, has not had any noticeable impact on the number of users. Currently, Twitter’s growth rate is not above the market average, and the company has provided little guidance on what it intends to do in the future. However, it’s unclear whether Musk’s Twitter takeover will make things better or worse.

But, Twitter has already begun an experiment with subscriptions. It has launched Twitter Blue, which costs $2.99 per month and includes limited features like an Undo button. However, Twitter hasn’t disclosed how many subscribers it has and has yet to add the subscription item to its income statement. In addition, another company, Meta Platforms, recently added a subscription item to its income statement. This could change the company’s strategy to become more profitable.

Will Twitter Algorithm Change?

Will Twitter’s algorithm change, as proposed by Elon Musk, has an effect on its users? Musk has proposed that Twitter make its algorithmic code open source to increase trust in the platform. The problem with this idea is that Twitter has been plagued with false news and security incidents, including hacking of high-profile Twitter profiles.

Many cybersecurity experts fear this move will only make Twitter more vulnerable. They say Musk has a point, and a new algorithm will not make the platform any safer. On the other hand, some feel it may have several benefits, including making spambot bans much more effective. Depending on what he wants, Twitter could require users to provide identification before accessing the platform. The new Twitter algorithm will affect people’s lives and that of Twitter users.

Ultimately, the new laws will not dictate how Elon Musk deals with the Twitter algorithm. However, they will force the company to be more transparent. Nonetheless, it will still leave room for Elon Musk to let Twitter’s system fill with spam and noxious content. Of course, it’s also possible that Elon Musk will simply hand over the responsibility of moderation to Twitter users or third parties. But if that happens, Twitter could end up reverting to its original algorithm.

Donald Trump’s Account

A disinformation researcher warns against getting too excited about Trump rejoining Twitter. While Trump has said he won’t rejoin Twitter, people close to him expect the former president to at least request his account back. According to one former employee of the Trump administration, the former president is unlikely to resist Musk’s offer to reactivate his account. As a result, he’ll be able to exert influence on the midterm elections and the presidential election in 2024. But if Musk decides to buy the account, he will have to deal with the backlash.

A Tougher Regulatory Environment

The European Union is considering a new set of digital rules following Elon Musk’s $44 billion Twitter takeover. The commission for the internal market has warned Musk that his business model could fall victim to new regulations. The commissioner for the internal market tweeted that “any company operating in Europe must abide by the rules." This means that the company would be subject to more regulations. Musk was quick to point out that the tweets are not actually about him.

While Elon Musk may have made a bold move by buying Twitter, his advisers remained focused on the protections of the deal. In addition, they worked on the timeline for completion, which could be crucial as technology stocks continue to drop. They also made sure that the financing details were in place before the deal closed. Elon Musk personally signed off on all points, and he tweeted his approval of the deal after the takeover was announced.