{"id":47198,"date":"2022-07-30T21:18:15","date_gmt":"2022-07-30T21:18:15","guid":{"rendered":"https:\/\/zeru.com\/blog\/?p=47198"},"modified":"2022-07-30T21:18:15","modified_gmt":"2022-07-30T21:18:15","slug":"why-are-people-mad-that-elon-musk-bought-twitter-2","status":"publish","type":"post","link":"https:\/\/zeru.com\/blog\/why-are-people-mad-that-elon-musk-bought-twitter-2","title":{"rendered":"Why Are People Mad That Elon Musk Bought Twitter?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_43 counter-flat ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69fc796ade812\" class=\"cssicon\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><label for=\"ez-toc-cssicon-toggle-item-69fc796ade812\"  class=\"cssiconcheckbox\">1<\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69fc796ade812\" ><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/zeru.com\/blog\/why-are-people-mad-that-elon-musk-bought-twitter-2\/#Why_Are_People_Mad_That_Elon_Musk_Bought_Twitter\" title=\"Why Are People Mad That Elon Musk Bought Twitter?\">Why Are People Mad That Elon Musk Bought Twitter?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/zeru.com\/blog\/why-are-people-mad-that-elon-musk-bought-twitter-2\/#Elon_Musks_plan_to_buy_twitter_is_temporarily_on_hold\" title=\"Elon Musk&#8217;s plan to buy twitter is &#8220;temporarily on hold&#8221;\">Elon Musk&#8217;s plan to buy twitter is &#8220;temporarily on hold&#8221;<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/zeru.com\/blog\/why-are-people-mad-that-elon-musk-bought-twitter-2\/#It_gives_him_political_leverage\" title=\"It gives him political leverage\">It gives him political leverage<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/zeru.com\/blog\/why-are-people-mad-that-elon-musk-bought-twitter-2\/#It_undermines_democracy\" title=\"It undermines democracy\">It undermines democracy<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/zeru.com\/blog\/why-are-people-mad-that-elon-musk-bought-twitter-2\/#Its_a_waste_of_money\" title=\"It&#8217;s a waste of money\">It&#8217;s a waste of money<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/zeru.com\/blog\/why-are-people-mad-that-elon-musk-bought-twitter-2\/#It_violates_free_speech\" title=\"It violates free speech\">It violates free speech<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"Why_Are_People_Mad_That_Elon_Musk_Bought_Twitter\"><\/span>Why Are People Mad That Elon Musk Bought Twitter?<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" align=\"right\" style=\"max-width:37% width:auto; height:auto; max-height:309px; margin:0px 10px;\" src=\"https:\/\/i.imgur.com\/XGAJQug.jpg\" alt=\"why are people mad elon musk bought twitter\">  <\/p>\n<p>Elon Musk&#8217;s plan to buy Twitter is currently on hold. People are upset because it gives him political leverage, undermines democracy, and is a waste of money. Then again, why isn&#8217;t it a waste of money? After all, he owns 9.2% of Twitter. And why would he want to buy it? And is he really better off doing nothing?<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Elon_Musks_plan_to_buy_twitter_is_temporarily_on_hold\"><\/span>Elon Musk&#8217;s plan to buy twitter is &#8220;temporarily on hold&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Tesla CEO Elon Musk has tweeted that his $44 billion bid to purchase Twitter is &#8220;temporarily on hold,&#8221; due to a dispute over spam accounts. Reuters reported earlier this month that fewer than 5% of Twitter accounts are fake. Musk&#8217;s tweet has already sent Twitter shares down more than 8 percent in midday trading. But the tweet doesn&#8217;t necessarily mean the deal is dead.<\/p>\n<p>The announcement comes amid a series of other setbacks at the social network. Twitter has been mired in turmoil lately &#8211; it recently fired two of its top executives and announced a hiring freeze. Musk, who wants to revamp Twitter, has promised to loosen its strict content moderation policies. His plan to buy Twitter is the latest in a string of setbacks. Musk&#8217;s announcement at a conference in April suggested that he&#8217;d only conducted limited due diligence.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"It_gives_him_political_leverage\"><\/span>It gives him political leverage<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>While Elon Musk owns several businesses, including Tesla, he has a vested interest in Twitter. He owns the company&#8217;s largest individual shareholders, including Jeff Bezos, the CEO of Amazon. Some observers worry that Musk&#8217;s business interests in China could conflict with his ownership of the social media platform. However, Twitter also provides avenues for the advocacy of Chinese dissidents. If Musk were to lose Twitter, it could have serious consequences for human rights.<\/p>\n<p>While Musk&#8217;s tweets have gained him a following among edgy users, some of them could end up coming back to bite him in court. In a lawsuit filed against Musk, Twitter included screenshots showing that Musk had disseminated the company. Some have claimed that Musk made false statements about Twitter, which could also taint his company&#8217;s reputation. So, does Musk&#8217;s decision to buy Twitter give him political leverage?<\/p>\n<h2><span class=\"ez-toc-section\" id=\"It_undermines_democracy\"><\/span>It undermines democracy<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>If Elon Musk&#8217;s acquisition of Twitter is serious, the question must be, &#8220;Why?&#8221; After all, Musk is the richest man on earth, and he has a following of 80 million people. But does Musk&#8217;s purchase really bolster democracy? Some employees of Twitter have expressed concerns about Musk&#8217;s bid. Others fear that he might try to undermine recent measures by the social network to protect marginalized users and deal with harassment.<\/p>\n<p>Many have argued that the government shouldn&#8217;t own Twitter, and that its stance on free speech is incompatible with a democracy. But the fact of the matter is that social media platforms are well within their rights to censor speech. Elon Musk has no right to make Twitter more democratic if he aims to run a company that doesn&#8217;t adhere to the same rules as the government.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Its_a_waste_of_money\"><\/span>It&#8217;s a waste of money<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A recent deal between Elon Musk and Twitter will reignite debates over the billionaire class and the power of technology in shaping national discourse. Musk&#8217;s bid for Twitter is yet another example of extreme inequality in American society. Currently, a small group of very wealthy individuals controls decisions that affect the lives of millions of others. This phenomenon is more prevalent when wealth inequality is high, as it is now in the U.S.<\/p>\n<p>Despite Twitter&#8217;s influence on business, politics, and society, its financial health is a major concern. Twitter is an unpredictable company with sporadic cash flow. This lack of predictability has many Twitter users wondering whether Musk&#8217;s purchase of the social media platform is the right move. Even worse, the company&#8217;s financial prospects are not what attracted Musk to the company. Twitter will report its first-quarter earnings on Thursday. Analysts expect it to earn $40 million on $1.2 billion in revenue, while FactSet predicts it will earn $140 million.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"It_violates_free_speech\"><\/span>It violates free speech<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>If you&#8217;re a believer in free speech, you&#8217;ve probably read about Elon Musk&#8217;s $44 billion buyout of Twitter. But is Elon Musk violating free speech by buying the social media platform? Let&#8217;s take a closer look. What is Elon Musk&#8217;s motive in acquiring Twitter? Does he just want to revert to the old, less regulated Twitter? Or is he actually working against the marketplace of ideas?<\/p>\n<p>In 2018, Elon Musk&#8217;s purchase of Twitter uncovered a wide rift in our culture. Many institutional gatekeepers are in favor of top-down control of speech on social media. The goal is to prevent the spread of abhorrent rhetoric that might influence voter decisions. However, Elon Musk&#8217;s criticism appeared to refer to the old policy. In short, he&#8217;s trying to privatize one of the most controversial social media platforms.<\/p>\n<p> <iframe allowfullscreen=\"true\" width=\"417\" src=\"https:\/\/www.youtube.com\/embed\/BobDC7L24gY\" frameborder=\"0\" height=\"233\" style=\"margin:0px auto; display: block;\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Why Are People Mad That Elon Musk Bought Twitter? Elon Musk&#8217;s plan to buy Twitter is currently on hold. People are upset because it gives him political leverage, undermines democracy, and is a waste of money. Then again, why isn&#8217;t it a waste of money? After all, he owns 9.2% of Twitter. And why would [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":49923,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.7 (Yoast SEO v21.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why Are People Mad That Elon Musk Bought Twitter? - Zeru<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/zeru.com\/blog\/why-are-people-mad-that-elon-musk-bought-twitter-2\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Are People Mad That Elon Musk Bought Twitter?\" \/>\n<meta property=\"og:description\" content=\"Why Are People Mad That Elon Musk Bought Twitter? Elon Musk&#8217;s plan to buy Twitter is currently on hold. People are upset because it gives him political leverage, undermines democracy, and is a waste of money. Then again, why isn&#8217;t it a waste of money? After all, he owns 9.2% of Twitter. 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