All the ways that Twitter may change now that Elon Musk is in charge
After weeks of back and forth, Elon Musk just sealed a $44 billion deal to buy $Twitter (Delisted) (TWTR.US)$. But big questions still remain about what direction the company will take under one of the world's most eccentric and outspoken billionaire.
Will there be a softer stance on content moderation?
In making his "best and final offer" to buy Twitter earlier in April, Musk said he intended for it to reclaim its status as a "platform for free speech around the globe." The offer came after he criticized Twitter's censorship rules and the number of bots posting on the service.
Musk has previously spoken out against the company outright banning users who break rules, and instead has suggested a "time out." He has said that he would ban only content that is illegal, but he hasn't ruled on whether he would prohibit racism, harassment, and a number of other objectionable subjects.
Will banned users be allowed back?
Musk's issues with Twitter censorship largely revolve around the idea that the company unilaterally bans any user it deems to have seriously violated its rules, including former President Donald Trump.
Several Republicans and Trump family members even begun celebrating the idea of the former president rejoining the platform.
However, Trump will not return to Twitter, even as Elon Musk purchases the social media company and reinstates his account, instead using his own TRUTH Social $Digital World Acquisition Corp (DWAC.US)$ as the sole platform for his voice.
"I am not going on Twitter, I am going to stay on TRUTH," Trump told Fox News. "I hope Elon buys Twitter because he'll make improvements to it and he is a good man, but I am going to be staying on TRUTH."
However, Trump will not return to Twitter, even as Elon Musk purchases the social media company and reinstates his account, instead using his own TRUTH Social $Digital World Acquisition Corp (DWAC.US)$ as the sole platform for his voice.
"I am not going on Twitter, I am going to stay on TRUTH," Trump told Fox News. "I hope Elon buys Twitter because he'll make improvements to it and he is a good man, but I am going to be staying on TRUTH."
Will Twitter have fewer scams?
"If our twitter bid succeeds, we will defeat the spam bots or die trying!" He tweeted recently.
Musk has promised to crack down on bots, make it easier for human users to become authenticated, and even eliminate the large number of crypto scams on the service, although he has yet to provide details about how he will reduce the problem.
Will the company focus more on subscription revenue?
Musk has said that he is not buying Twitter for the money, but he has signaled that he will be adjusting the company's revenue model to focus less on ads, potentially putting more of an emphasis on subscriptions.
Musk suggested in a since-deleted tweet earlier this month that advertising should be removed for Twitter's premium Blue users. And as Twitter has historically made 90% of its profit from ads, doing so would be a big change to the company's revenue model.
$Tesla (TSLA.US)$ $Twitter (Delisted) (TWTR.US)$ $Digital World Acquisition Corp (DWAC.US)$
Source: Fortune, Fox News
$Tesla (TSLA.US)$ $Twitter (Delisted) (TWTR.US)$ $Digital World Acquisition Corp (DWAC.US)$
Source: Fortune, Fox News
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ChefWill : dogecoin
Holla if u hear me!!!
KingNY-Life ChefWill : Yes, the dog coin will be widely used on Twitter, and its influence will become bigger and bigger, which is a 100 times chance.
Spi11 The Tea OP ChefWill : Dogecoin jumps more than 20% after Twitter agrees to Elon Musk's buyout deal
KingNY-Life Spi11 The Tea OP : 10-15 yuan
plucky Kangaroo1 : I personally Applaud thee Man, simply because ! The future is very important! meaning the outcome of the people is important !! I believe in that man !
we as heavy duty men, Have too make beautiful choices for the Masse's of the people! He totally has this vote WooHoo
JNoe : Wok is broke, hopefully Elon will fix that
old john : Hope to become a platform for freedom of speech in a real sense.
Revelation 6 : He always seems to know what he’s doing so… He may not have bought it to make money, but he certainly will. He can’t help it. I wish I had that problem.