The recent trending subject on social media is that Elon Musk, a multibillionaire businessman, has successfully acquired Twitter, one of the most popular social media networks.
Following weeks of controversy, Elon Musk, the world’s richest man, announced on Monday that he had reached an agreement to buy Twitter for $44 billion.
Musk announced on Twitter on March 28 that he was strongly contemplating creating a new social media platform.
Open source algorithms, free speech supremacy, and little propaganda would be the hallmarks of such a new platform.
Musk is scheduled to take over as Twitter’s new CEO in less than a month. According to Musk’s recent public statements, here are 4 ways we predict Twitter to change.
Elon Musk has been a vocal opponent of restriction and a supporter of free expression.
The tech mogul was mentioned in a news statement announcing the partnership between Twitter and Musk as saying that freedom of expression is the backbone of a healthy democracy, and Twitter is the online town square where issues critical to humanity’s future are discussed.
Failure to adhere to free speech rules significantly weakens democracy, he added, given that Twitter functions as the de facto public town square.
As a result, it’s likely that Musk’s Twitter will be less censored. Musk stated in a tweet on Monday that he wants even his detractors to remain on Twitter. Now that Musk has taken over as CEO, there will be no more account blocking.
Elon Musk polled Twitter users earlier in the month to see if they preferred an edit button. The question “Do you want an edit button?” was greeted with a resounding “yes” by 73.6 percent of those polled.
Musk is anticipated to offer an edit button as well. In the statement announcing the transaction, he did not specify the edit button but Twitter users are in anticipation.
Users have been clamoring for an edit button for a long time, but there are issues with how to implement it. On the positive side, users would be able to correct mistakes or errors in a tweet without losing any existing replies, retweets, or favorites.
No more advertisement
Musk suggested in a number of tweets that are now deleted that he’d like to get eliminate advertisements on Twitter’s premium subscription service Twitter Blue after becoming the company’s largest shareholder earlier in April.
Musk said that if Twitter relies on advertising revenue to stay afloat, companies’ ability to dictate policy is considerably improved.
Even though the entrepreneur may have expressed concerns about advertisers’ influence on Twitter policy, the social media now relies on advertisements for around 90% of its revenue; whether or not there will be no more advertisements remains to be seen.
However, Musk indicated that Twitter Blue might be improved and that it may be used as a source of revenue in the future. He’s also mentioned that he wants to lower the price.
More open apps like Twitter
Elon Musk previously stated that he would want Twitter’s algorithm to be made public, as this would make the network far more transparent.
Users will be able to see how the website is designed and what process is in place to promote or demote specific tweets.
Only a few social media platforms have opened the code to illustrate how Twitter developers run the site. Pixelfed and Okuna, for example, are completely open-source. However, are Twitter users interested in this?
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