Worlds Richest man Elon Musk Buys Twitter for $44 billion – Rise to Twitter 2.0?

Charles kenny
Charles kenny
7 Min Read

Elon Musk Buys Twitter:  What is Musk’s game plan? What is the future of Twitter? I’m trying to express that I’m not sure what I’m saying. Nobody knows what’s going on. Musk, I’m confident, has no idea.

In this article, we will dig deeper into why Elon Musk Buys Twitter and what will happen next to the social media platform. Do you have a guess why Elon Musk Buys Twitter?

What Elon Musk plans to do with Twitter

Elon Musk Buys Twitter

On Monday, Elon Musk Buys Twitter. The company said that it had accepted Tesla CEO Elon Musk’s $44 billion acquisition offer. That means the world’s wealthiest person, who enjoys theatrics and erratic behavior, will soon have the power to alter the conversation on a social media platform used by over 200 million people every day.

The Tesla and SpaceX CEO refers to himself as a “free speech absolutist” and has attacked social media companies for what he sees as excessive moderation.

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He added that free expression is the backbone of a healthy democracy in a statement announcing the purchase. Twitter is the digital town square where matters critical to humanity’s future are debated, alluding to these ideals.

While harsh remarks are permissible, Musk claims that social media platforms should not delete them. “If there’s a gray area, let the tweet live,” he said in a recent interview at a TED conference.

On Twitter, harassment, abuse, and threats of physical harm are currently forbidden. Other protections, such as a prohibition against COVID-19 misinformation, are in place on the site.

Musk’s ambition to change the participation parameters on Twitter has social media professionals alarmed. According to them, this might provide harassers, trolls, and others who use the site to harass others permission to do so.

One of the most often requested features by Twitter users is an edit button.

Unlike Facebook, Instagram, and other social media platforms, it cannot be altered once anything is posted on Twitter.

Musk has claimed that he prefers allowing people to edit the content of their tweets, which has caused a furious debate among academics, journalists, and other heavy Twitter users.

Elon Musk Buys Twitter

Experts are concerned that introducing an edit option will be weaponized by bad actors who will use it to conceal or manipulate others or to cover up abuse or harassment as if it never happened.

On the other hand, others believe that safeguards could be implemented to allow tweets to be altered to remedy errors while also displaying a history of how the tweet was edited to preserve the original message.

Musk believes that the software that controls what people see on Twitter and how far it spreads should be made public. He favors putting Twitter’s algorithm on GitHub, a famous programmers’ code-sharing site.

Musk’s ambition to change the participation parameters on Twitter has social media professionals alarmed. According to them, this might provide harassers, trolls, and others who use the site to harass others permission to do so.

They also worry that easing Twitter’s rules may make it easier for anyone to use the platform to propagate misinformation or outright lies about political events, government officials, and public health and safety issues after Elon Musk Buys Twitter.

What will happen to Twitter users?

After Elon Musk Buys Twitter, experts who study social networks fret about Musk’s push to loosen the rules of engagement on Twitter. They say they could give license to harassers, trolls, and others who abuse the platform to target people.

Elon Musk Buys Twitter

They also worry relaxing the rules on Twitter will empower those looking to exploit the platform by spreading misinformation, or flat-out lies, about political events, government officials, and matters related to public health and safety. What would really happen after Elon Musk Buys Twitter? The truth is, only himself, Elon Musk knows.

Who is Elon Musk?

In the field of technology, Elon Musk is a well-known individual.

Elon Reeve Musk, FRS is an American businessman, entrepreneur, and investor born on June 28, 1971. He is the founder, CEO, and chief engineer of SpaceX and an early-stage investor, Tesla, Inc.’s CEO and product architect, the founder of The Boring Company, and a co-founder of Neuralink and OpenAI. 

His net worth was around $273 billion in April 2022. Musk is the world’s wealthiest individual, according to the Bloomberg Billionaires Index and the Forbes real-time billionaires list. 

Musk grew raised in Pretoria, South Africa, with a white South African father and a Canadian mother. He briefly attended the University of Pretoria before fleeing to Canada at seventeen to avoid conscription. 

Elon Musk Buys Twitter

He began his studies at Queen’s University before transferring to the University of Pennsylvania two years later, where he received a bachelor’s degree in economics and physics. 

He moved to California in 1995 with the idea of attending Stanford University but instead chose to pursue a career in business with his brother Kimbal, co-founding Zip2. 

Compaq paid $307 million for the company in 1999. In the same year, Musk co-founded, an online bank, which eventually merged with Confinity to form PayPal in 2000. In 2002, eBay paid $1.5 billion for the company. Recently, Elon Musk Buys Twitter.

This is all we know so far about the issue why Elon Musk Buys Twitter. We will update you soon once we get more updates.

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Charles is an avid reader who loves the outdoors. He's also a passionate traveler and has explored many different parts of the world. He writes about topics ranging from entertainment, Celebrity, Technology, Gadgets, and entrepreneurship to relationships in modern society. Arthur believes that his life experiences make her more compassionate towards others, which also translates into her writing!