By shishir Bhattarai
Elon Musk Networth
5/1/2022 - $246.0 BILLION
Elon Musk, the world's richest man, has agreed to buy Twitter, an influential social network frequently used by leaders, celebrities and influencers around the world. He will buy Twitter for a total of 44 billion dollar 53.68 billion at current exchange rates) at 54.20 per share.
Now that the microblogging site, Twitter Musk, used by more than 200 million people every day, has fallen into its hands, everyone is interested in how it will shape it. Describing himself as a staunch supporter of freedom of speech, Musk said that the full potential of Twitter remains to be seen. He is expected to relax Twitter's legislation in the name of freedom of expression.
Owners of Tesla and SpaceX have criticized online platforms for adopting excessive moderation. "Freedom of expression is a cornerstone of democracy and Twitter is a digital dilemma where important issues for the future of humanity are debated," he said in a letter of intent to buy Twitter.
According to Musk, comments on social media that are offensive but not legally incorrect should not be removed. Twitter is currently removing posts of harassment, abuse and bodily harm. Twitter has also banned misinformation about covid-19. Social media experts are worried that Musk could loosen such provisions on Twitter. He says it will help oppressors, trolls and abusers.
Like on Facebook, Instagram and other social networks, Musk is positive about creating edit buttons on Twitter. Musk's support for allowing users to change their tweets has been hotly debated. Experts say that by allowing tweets to be edited, bad people can eliminate violence and abuse and say 'it never happened / never happened'.
Musk is also positive about putting Twitter's algorithm (computer code) in JitHub. Musk is of the opinion that the programming language (code) of software such as Twitter, which determines what people see, hear or how content is widely disseminated, should be made public. Some say it's better to be transparent, while others say that sharing Twitter's dense and complex algorithms would not achieve much.
According to international media reports, Musk will now remove Twitter's bot account as well as cut ads. Currently, Twitter receives 90 percent of its revenue from advertising. With the privatization of the company, there will be no pressure from any shareholder to increase the revenue from advertising. Musk says he should go for the Twitter subscription model.
Since last year, Twitter had started some practice on that model. By making Twitter Blue public, Twitter has given the facility to get premium service for 2.99 per month. Additional features like undo button are available in the premium service. Musk has been saying that Twitter Blue should be cheaper and that customers should be able to subscribe to cryptocurrencies such as Dodgecoin.
According to the international Media , Musk bought Twitter inorder to maintain free speech on this Platform as Before 3 years Musk was banned by Dorsey [ Former Twitter CEO ] as he Crashed Down the Stock. Currently Musk has more than 87 Million Followers in the Twitter. Past scenerio has Shown that Musk has that much Power that his single tweet can make Growth and Downfall of Stock. Previously , Musk Tweeted About Bitcoin : The Company Tesla won't accept Bitcoin for Purchasing Tesla. It crashed the Bitcoin.
Now QUESTION ARISES;
WHAT NEXT ?
Everyone of Us Know that Musk is the Wealthiest Person on this World. His Net Worth can buy nearly half of Africa. According to Musk , He is Planning to add subscription for generating revenue instead from Advertising. Next He Plans to Make Twiiter as Free specch Platform.
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