Elon Musk Will Make an Indelible Mark on Twitter, Experts Say

Apr 26, 2022

Elon Musk Will Make an Indelible Mark on Twitter, Experts Say

Elon Musk is set to permanently transform Twitter, which is used by hundreds of millions of people across the world, after the company's board decided to sell the social network to the Tesla CEO.

While Musk has not revealed any particular changes to the website, he has advocated for fewer restrictions on what users can and cannot publish and has speculated that the platform may transition from being financed by advertising to a subscription-based model.

Other improvements include increased attempts to ensure that all postings are made by genuine people, not "bots," and opening up the site's algorithms, which determine a post's prominence on the network, to outside scrutiny.

However, many believe that this is only the beginning.

"If I were Elon Musk, I'd look at this and say, 'You know what, I've got more money than God,'" said Harry Kraemer, a former healthcare executive who is now a professor at Northwestern University's Kellogg School of Management. "'My biggest benefit is that I don't have to make any compromises.'"

Twitter's board of directors agreed on Monday to accept Musk's offer to purchase the firm for $54.20 per share, despite previously indicating that it would reject the billionaire's advances.

The $44 billion transaction comes three weeks after Musk, the world's richest person, announced that he had become a big stakeholder in Twitter and 11 days after he stated in a regulatory filing that he intended to buy the firm altogether.

Throughout the process, Musk has continually pushed for the firm to be less stringent about what users are allowed to publish, portraying Twitter's moderation standards as a drag on its profitability—if not civil society itself.

"I invested in Twitter because I believe in its potential to be the global platform for free expression, and I believe free speech is a social essential for a functioning democracy," he stated in an SEC filing outlining his bid for the platform.

"Free expression is the backbone of a healthy democracy, and Twitter is the digital town square where issues critical to humanity's future are debated," he said after his application was accepted on Monday.

Some anticipated that Musk's acquisition of the platform would pave the door for Donald Trump's return to the site. Twitter's current administration banned the former president of the platform indefinitely after he used it to cast doubt on the legitimacy of his electoral defeat in the days leading up to the Jan. 6, 2021 attack on the United States Capitol Building.

The House Republican Conference sent a tweet early Monday urging Musk to "liberate" the former president. Trump stated on Monday that he had no desire to return to Twitter.

According to Jeff Jarvis, a professor at City University of New York's Newmark Journalism School, Twitter has long battled to find a formula that allows users to freely publish while restricting online abuse, misinformation, and other toxic speech.

It has been gradually feeling its way toward a policy that succeeds in this, Jarvis said, with steps like blocking Trump from the site.

Musk may change these regulations in the name of free speech, enabling the loudest voices to acquire the greatest momentum regardless of the value they offer to the site's dialogues, according to Jarvis.

A query sent to Tesla's investor relations department requesting comment received no immediate response.

Twitter punches beyond its weight, according to Ethan Zuckerman, director of the Initiative for Digital Public Infrastructure at the University of Massachusetts at Amherst, because of its global accessibility and the mainstream media's proclivity to mine the site for information and viewpoints.

He noted that Musk's ownership of Twitter would give "young Internet millionaires" control of the country's most major social media and messaging services, with Meta's stock-ownership structure giving Mark Zuckerberg outsized control over Facebook, Instagram, and WhatsApp.

"I believe people should be extremely concerned about the concept that these two individuals, with immeasurable riches and complicated beliefs and goals, have substantial influence over what we say and don't say online and how these environments function," Zuckerman said.

Musk has stated his goal to control speech lightly on Twitter as a public imperative, not a business ploy. He claimed at a TED conference in Vancouver hours after launching his offer for the firm that he doesn't "worry about the economics at all."

"This is not a method to generate money," he stated emphatically. Kraemer of Kellogg said he wasn't sure about it.

"You don't invest $50 billion on something you think will be noneconomic," he remarked. "He's a clever man, so maybe he'll figure out a way to do it that's more consistent with how he'd like to run it." But I don't think he's doing a $50 billion charity maneuver because he believes in free speech."

Musk presented a concept for a cheaper, more feature-rich version of the site's existing $2.99-a-month membership program, named "Twitter Blue," in a series of tweets after announcing his 9.2 percent investment in Twitter and called for "no advertisements."

"The power of businesses to influence policy is dramatically amplified if Twitter relies on advertising money to survive," he added in a later deleted tweet.

According to Kraemer, Musk may be estimated that there is an untapped supply of new Twitter users globally who want a say-anything platform and are prepared to pay a few dollars a month for it and that the money from these potential users would be more than the site's ad revenue.

"If you have a cheap membership cost, but you add a billion people, it may work out really well economically," he remarked.

Subscribe Our Newsletter

ECB Interest Rates Are Set for a New Reduction Cycle

Hazem

European Central Bank Interest Rates to Start Decreasing This Year – What Will Happen?

Global financial authorities are discussing reducing borrowing rates for the first time since the spiking inflation and interest rates during COVID-19. The decision is intended to spur economic recovery after suffering from regional and global geopolitical tension and instability. European Central Bank interest rates are expected to start the reduction cycle sooner than other global […]

Banks and Finance
Credit Suisse Weighs New Job Cuts Round After Loss Warning
Credit Suisse Weighs New Job Cuts Round After Loss Warning

After the lender's shares fell by about 7.6% in the wake of the profit warning, the stock recovered and advanced as high as 5.8% following a report on the Swiss blog Inside Paradeplatz in which an unnamed insider cited that State Street Corp. may make an offer to buy Credit Suisse.

Banks and Finance
Get the ultimate solution: B2BinPay Get the ultimate solution: B2BinPay
Sponsored
Otar

Bank Statement Loan: What is it and Who Should Get One?
Learn how bank statement loan works and who can benefit from them. Explore eligibility, advantages, and application steps.

discover
Red Flags of Liquidity Providers in 2024

Alexander

Red Flags of Liquidity Providers in 2024: How to Find a Trustworthy Partner?

In this article, we will delve into the key red flags to look out for when choosing a crypto or Forex liquidity provider in 2024 to ensure you find a trustworthy partner for your needs.

Liquidity
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Constantine

    Best DAO Projects in 2025

    Best DAO projects in 2025

    Alexander

    Crypto Nodes That Pay: Your 2025 Guide to Top Passive Income Opportunities in Crypto

    crypto nodes that pay

    Alex

    Pi Network: Scam or Groundbreaking Crypto? The Full Analysis

    Pi Network Explained

    Constantine

    Triple Net Lease: Meaning, Benefits, and Strategies Explained

    Triple Net Lease

    Constantine

    Hanging Man Pattern: How to Identify and Trade It Effectively

    Hanging Man Pattern

    Alex

    5 Infinite Banking Mistakes That Could Cost You Thousands

    Infinite Banking Mistakes to Avoid

    Aleksander

    Solana Firedancer: Solving Solana’s Biggest Problems with a New Engine

    Solana Firedancer explained

    Alexander

    What Is an Interest Coverage Ratio? How to Use This Financial Metric to Evaluate Company Health

    Interest Coverage Ratio Explained

    Hazem

    After-Hours Trading: Can You Trade After Financial Markets Close?

    After-Hours Trading Explained

    Alexander

    How to Scale a Crypto Exchange Business and Stay Competitive

    how to scale crypto exchange business

    Constantine

    Crypto CrypticStreet Review: The Future of DeFi and Secure Crypto Trading

    Crypto CrypticStreet Review: The Future of DeFi and Secure Crypto Trading

    Alexander

    Bitcoin Power Law Explained: How It Shapes BTC’s Long-Term Growth

    Bitcoin Power Law Explained: How It Shapes BTC’s Long-Term Growth

    Hazem

    Megaphone Pattern​: What Is It? How to Use It In Trading

    Megaphone Pattern​: How to Read & Trade with It

    Constantine

    Top 5 Liquidity Bridge Providers in DeFi

    Top 5 Liquidity Bridge Providers in DeFi

    Hazem

    Max Funded IUL Explained: Is It a Legitimate Financial Strategy?

    Understanding Max Funded IUL

    Alexander

    Tax Refund Timeline: When Will You Get Your Tax Return?

    how long does it take for tax refund

    Constantine

    Crypto Liquidity — What is it, and How to Measure It?

    What is Crypto Liquidity and How to Measure It?

    Constantine

    AI in Finance: A Game-Changing Trend Shaping the Industry

    AI in Finance

    Hazem

    5 Ways to Make Money with ChatGPT and Build Your Wealth

    Make Money with ChatGPT

    Constantine

    Top AI Companies to Invest in April 2025

    Top AI Companies to Invest in March 2025

    DeepSeek vs ChatGPT: Which AI Technology is Better For You?

    DeepSeek vs ChatGPT: Feature-by-Feature AI Tool Comparison

    Constantine

    Top Solana Meme Coins in 2025: Best Presales and Where to Buy

    Solana Meme Coins 2025

    Alexander

    How Renewable Energy Stocks Can Supercharge Your Portfolio

    How Renewable Energy Stocks Supercharge Your Portfolio

    SEC Crypto Regulations: What Financial Advisors Need to Know

    SEC Crypto Regulations: Insights for Financial Advisors
    liquidity-provider-logo
    • News
      • Stock Market Forecast
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
      • White Label Brokerage Platforms
      • Broker CRM Platforms
    [email protected]

    © 2024 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.