he wants the world to know that change is coming on Twitter.
Twitter said in Aprilwho buys Twitter for $ 54.20 a share in cash, valuing the influential social media site at about $ 44 billion. The announcement came after Musk turned down a position on the board of Twitter. WITH on Twitter, Musk is one of the company’s largest shareholders and will reportedly become one once the agreement was reached, it told CNBC this month, citing anonymous sources.
There are still questions about whether Musk will withdraw from the contract. The billionaire said the deal was temporarily “postponed” because he wanted more details about the number of spam bots and fake social media accounts. He asked Twitter to provide proof that less than 5% of its users are in fact fake or spam accounts. Twitter, on the other hand, says the deal is not suspended and does not plan to reduce the sale price. This week, Musk revealed in a new submission that it had personally committed to a $ 33.5 billion deal, a sign that it could move forward. Twitter shareholders are expected to vote on the agreement at a special meeting, although the company has not yet announced a date.
The agreement with Musk has also sparked speculation about what this could mean for the future of the social network. The sale initially seemed unlikely, but Twitter’s board then reportedly began to take the offer more seriously after Musk revealed more details about how it would finance the potential purchase.
“Freedom of speech is the foundation of a functioning democracy, and Twitter is a digital square where things vital to the future of humanity are discussed,” Musk said in a statement. “I also want Twitter to be better than ever, by improving the product with new features, making open source algorithms to increase trust, beating spam bots and verifying all people. Twitter has huge potential – I look forward to working with companies and community to unlock it. “
Like other Twitter users, Musk wasn’t ashamed to share his thoughts on what needed to be fixed on the web, and tweeted his honest remarks to his 95 million followers. (Musk has a greater impact on social media, as measured by followers, than Twitter CEO Parag Agrawal and Twitter co-founder Jack Dorsey combined.) These tweets provide insight into his relationship of love and hate to Twitter.
Dorsey, a well-known figure in the technology industry, has expressed admiration for the way Musk uses it Twitter, noted that the mogul shares “his thinking openly” on the web. But Musk’s sincerity also got him into the hot water. In 2018, the US Securities and Exchange Commission sued Muska for allegedly violating the Securities Act after tweeting that he had “secured funds” to take over Tesla. SEC a this required some of his tweets to be approved in advance, even if his lawyers tried .
Here are four changes that Musk could make on Twitter:
Fine-tune content moderation
What is and is not allowed on Twitter is a topic that Musk tweeted about before he announced his stake in the company. For example, in late March, Musk tweeted a survey asking if users believed that Twitter protected freedom of speech. He said the results of the survey would be “very important”.
Musk tweeted, “Freedom of speech is essential for a functioning democracy. Do you believe that Twitter adheres to this principle?” About 70% of the 2 million respondents answered no.
The first amendment does not apply to private companies such as Twitter, which can create their own rules about what is allowed. In 2020, Agrawal, then-CTO of Twitter, told MIT Technology Review that the company’s role is “not to be bound by the First Amendment,” but to “serve a healthy public conversation.”
In a subsequent tweet, Musk said: “Given that Twitter serves as a de facto public square, non-compliance with the principles of freedom of speech fundamentally undermines democracy. What should be done?” He also asked if a new platform was needed.
Musk is not the first to ask if Twitter is censoring some votes. Conservatives have criticized society for the banafter death although defended the call made because of the risk of inciting violence. Musk said he planned to reverse it although the former US president said he had no plans to return.
Musk also tweeted that “the principles of the social media platform are good if the most extreme 10% on the left and right are equally unhappy.” He did not answer questions about how Twitter would measure it.
How much influence Musk can have on content moderation is an open question. Twitter says its policy decisions do not determine the board of directors or shareholders and does not plan to reverse any existing policies.
What’s worth it, Musk’s tweets weren’t just controversial. Musk was accused of violating Twitter’s rules against harmful coronavirus misinformation in 2020 when he falsely tweeted that “children are essentially immune” to COVID-19. In fact, children can catch the virus. Twitter told Axios that the tweet did not break its rules because it was not “definitive”.
Fight cryptocurrency scams
they were a thorn in Twitter’s eye and are a problem that Muska has personally struck.
Scammers haveusing fake accounts on various social media sites to try to get people to distribute cryptocurrencies. in 2020 The account was also among the highly profiled Twitter accounts that were hacked to incite bitcoin fraud.
In January, Musk complained that Twitter spent time on products such as profile pictures that show unmistakable tokens, blockchain-verified assets, rather than fighting crypto spam bots.
“Twitter spends technical resources on this bs, while crypto fraudsters hold a block party of spambots in every thread!” he tweeted.
He also tweeted that robots are the “most annoying problem” on Twitter. April 21 Musk tweeted if the offer on Twitter succeeds, “we will defeat the spam bots or die if we try!” and “verification of all real people.”
Release the edit button
Twitter users have long asked for a way to edit their tweets due to typos and other issues, but the high-demand feature was not at the top of the company’s priorities. Twitter included a way to undo tweets as part of itsSubscription plan $ 3 per month.
On April 4, Musk came up with the idea of an edit button again and tweeted another poll. “You want an edit button,” he wrote on Twitter, typing the words yes and no. More than 4 million votes were cast, with almost three-quarters supporting the idea.
Musk didn’t offer his own view on whether he thought an edit button was needed. On April 5, Twitter tweeted that it has been working on the editing feature since last year – “No, we didn’t get the idea from the survey.” The Twitter communications team tweeted with winking face emoticon. The company said it will start testing the tool to see what works and is possible.
Twitter has previously expressed concern that the editing tool could lead to issues such as people sharing tweets, which are then edited to change their meaning. In 2020, Dorsey even told Wired that Twitter would probably never add an edit button.
“We started as an SMS text messaging service. So, as you all know, when you send a text message, you can’t really take it back.”. “We wanted to maintain that atmosphere and that feeling in the early days.”
Twitter seems to prioritize this feature. On April 4, Agrawal used familiar language to respond to Musk’s survey of the edit button.
“The implications of this survey will be important. Please vote carefully,” Agrawal wrote on Twitter.
Open the Twitter algorithm
Social network users have complained that algorithms manage their lives and entice them to spend more time on Twitter, Facebook and other platforms. Some Twitter users prefer to see tweets in chronological order. In March, Twitter reverted a change that would default to display the algorithmic source after user complaints.
Musk suggested that Twitter could make an open-source algorithm. Musk did not specify what this would mean, but open-source software is freely available and can be changed. He presented the idea in a survey on March 24. About 83% of 1 million respondents answered yes.
Dorsey seems to support the results and tweeted, “Choosing which algorithm to use (or not) should be open to everyone.”
In an April TED talk, Musk said he thought Twitter users should be able to see if tweets on the site were degraded or promoted to avoid “behind-the-scenes manipulation.” The Twitter code should be on Github, he said, so people could look for bugs and suggest changes.