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What Does Elon Plan to Do With Twitter?
Elon Musk has lofty ambitions for Twitter. The billionaire entrepreneur is on the verge of acquiring the company and becoming its CEO. Musk recently announced that he has received $7 billion in funding commitments. He has also introduced a host of financial partners with whom he plans to work, including Saudi Prince Alwaleed and Sequoia Capital. But what exactly is Musk planning to do with Twitter?
Musk wants to make twitter’s algorithm and code open source
Elon Musk recently proposed that Twitter make its algorithm and code available for everyone to see. This would make any change to its algorithm transparent to other users and competitors, and allow anyone to iterate on it and improve it. See the article : How Much Is Twitter Company Worth?. This would be a virtuous goal, but it’s not entirely clear what the consequences would be. Here’s a look at Musk’s proposed changes to Twitter.
One concern is that a full reveal of Twitter’s algorithm could hamper Musk’s bot removal plan, which has bipartisan support. A full look at Twitter’s algorithms could give bot creators information that they would need to circumvent the company’s security measures. It is not yet clear how long Musk plans to continue to acquire Twitter, but it’s likely to be for several months, perhaps even into October 2022. In that time, he may even serve as Twitter’s CEO for a few months.
While he’s still not fully committed to this plan, he has previously pitched it to Twitter. He did so before the Twitter buyout bid and reiterated it again on the day of the deal. Ultimately, however, he wants to protect the freedom of speech and expression of users, as long as the company adheres to the law. In his recent press release, Elon Musk cited concerns about political repression as the primary reason for his proposal. But experts worry that making the algorithm and code open source would introduce a host of unexpected problems.
He wants to increase revenue by charging companies for embedding or quote-tweeting verified users
In recent SEC filings, Elon Musk has discussed ways to monetize Twitter. He has said that he plans to make money from viral tweets as well as tweets that provide important information. See the article : How to Search Twitter by Location. Musk has also suggested charging third-party websites for embedding or quote-tweeting verified users. That idea sounds good, but it would probably violate the first amendment and be difficult to implement.
In recent tweets, Elon Musk has also suggested significant changes to Twitter Blue, its subscription service that currently costs $2.99 per month. He has also proposed a dogecoin payment option and plans to limit advertisements. Musk said he wants to move the company away from advertising and toward a revenue model that benefits both Twitter and its users.
Some argue that charging third-party companies for quoting or embedding verified users could go against the first amendment and limit free speech, while others say it would cut down on costs. Other users worry that charging third-party companies would create administrative headaches for the company, complicating Musk’s goal to reduce Twitter’s headcount.
He wants to reverse twitter’s ban on Trump
Tesla CEO Elon Musk wants to reverse Twitter’s ban on President Donald Trump. After Trump’s account was permanently banned last January, Musk told his fans that he would undo the ban. Twitter banned Trump after several of his supporters stormed the U.S. Capitol building. The social media platform said Trump violated its terms of service regarding the use of language inciting violence. Trump supporters have also been criticizing Musk’s tweets on YouTube, which is why he has defended his decision.
The reason for the ban is a complicated one. While Musk argued that a permanent ban would only be applicable to the most egregious rulebreakers, the reality is far different. Since Trump’s ban, online discussion of his name and policy fell to a five-year low. See the article : What is the Best Alternative to Twitter?. The result: Twitter’s censorship policy sparked a massive backlash. It was quickly reversed.
The move would be a major backslide for the social media platform. Twitter has been under fire for banning Trump since the 2016 election. Musk is reportedly considering buying Twitter for $44 billion, but his statement has raised concerns among some Twitter users. The controversial Tesla CEO has been critical of the social network’s censorship policies. The controversial decision is likely to irritate users, including Trump supporters and Republicans alike.
