1 year ago
The Elon Musk Twitter woody is astir astatine its end. A Bloomberg study stated that the program was to finalize the woody by Fri. 28 October, transferring ownership to the billionaire. As the societal media level is astir to power hands, it has raised aggregate questions regarding Musk’s plans for it and its impacts. Since Twitter’s power spans each sphere of mundane life, could Musk’s acquisition power the adjacent US election?
Twitter’s Influence On US Election
Over the years, determination person been aggregate bans placed connected governmental figures by Twitter. One of the astir notable is the prohibition of erstwhile US president Donald Trump – a determination that saw calls for ‘freedom of escaped speech’ connected the platform, which Elon Musk himself has highlighted.
Musk has antecedently made it known that erstwhile helium took implicit the societal media platform, helium plans to ‘clean it up.’ His thought of a ‘clean up’ included making Twitter a level that supports escaped speech. So it begs the question of however helium intends to spell astir it.
Once Musk takes power of Twitter, helium volition person the powerfulness to unban important governmental figures specified arsenic Donald Trump and Senator Ron Johnson. If the Tesla CEO does take to bash this, it whitethorn person a profound power connected the adjacent US elections arsenic it reinstates the entree of these governmental figures to a wide assemblage erstwhile more. However, determination is nary telling if it is imaginable to further power beyond lifting the bans connected governmental figures successful pursuit of escaped speech.
The adjacent US predetermination volition hap successful 2024, and by past — assuming the woody goes done arsenic planned, Musk volition person had power of the societal media level for astatine slightest a year. This is capable clip for immoderate important changes to the platform.
Musk, Bitcoin, And Social Media
Elon Musk has ever been 1 of the biggest evangelists of Bitcoin and cryptocurrencies successful general. Back successful 2021, his electrical conveyance institution Tesla had concisely accepted Bitcoin payments earlier halting it owed to biology concerns. However, Musk has not stopped showing enactment for Bitcoin. Tesla inactive holds astir $200 cardinal worthy of BTC connected its equilibrium arsenic of the clip of this writing.
It is truthful not a agelong changeable to expect that the usage of Bitcoin could beryllium promoted connected Twitter erstwhile Musk takes over. Twitter already has the “Tip Jar” diagnostic that allows users to extremity contented creators utilizing Bitcoin and different cryptos. Musk’s erstwhile thought was to grow this to see Dogecoin. So the billionaire’s takeover of Twitter could pb to an adjacent larger beingness of the crypto assemblage connected the platform. He could usage his caller presumption to beforehand Bitcoin arsenic helium has done successful the past.
As for the Twitter deal, Musk does not look excessively fazed astir the tribunal bid to implicit the woody by Oct. 28. “I deliberation it’s an plus that has conscionable benignant of languished for a agelong clip but has unthinkable potential,” Musk said during a Tesla net call. “Although evidently myself and the different investors are overpaying for Twitter close now.”
Elon Musk visited the Twitter office connected Wednesday wherever helium said helium met “a batch of chill people.” He is expected to talk to Twitter workers connected Friday astir the aboriginal of the platform. While determination are nary nationalist details connected what this would entail, determination person been reports that helium plans to chopped 75% of the 7,500 workers, leaving a skeleton unit of 2,000.
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