The Twitter take care of Elon Musk is nearly over. A Bloomberg report says the deal is predicted to be finalized by Friday. October 28, switch of possession to the billionaire. Because the social media platform is about to alter fingers, it has raised a number of questions on Musk’s plans and their implications. With Twitter’s affect spanning all walks of life, might Musk’s acquisition influence the subsequent US election?
Affect of Twitter on the US election
Through the years, Twitter has issued a number of bans towards political figures. Probably the most notable is the banning of former US President Donald Trump – a transfer that prompted requires “free speech” on the platform that Elon Musk himself has highlighted.
Musk has beforehand revealed that when he acquires the social media platform, he plans to “clear it up.” His thought of a “clear up” included making Twitter a platform that helps freedom of expression. So the query arises as to how he intends to proceed.
As soon as Musk takes management of Twitter, he may have the facility to unblock key political figures like Donald Trump and Senator Ron Johnson. If Tesla’s CEO decides to take action, it might have a profound influence on the subsequent US election because it restores these political figures’ entry to broad audiences. Nevertheless, there isn’t any telling whether or not it will likely be doable to exert additional affect past lifting the bans on political figures in pursuit of free speech.
The following US election is in 2024, and by then – assuming the deal goes as deliberate – Musk may have been in command of the social media platform for a minimum of a yr. That is sufficient time for some vital modifications to the platform.
Musk, Bitcoin and Social Media
Elon Musk has all the time been one of many best evangelists of Bitcoin and cryptocurrencies typically. Again in 2021, his electrical car firm Tesla had briefly accepted bitcoin funds earlier than shutting down for environmental causes. Nevertheless, Musk has not stopped exhibiting help for Bitcoin. Tesla nonetheless holds about $200 million value of BTC in its account on the time of writing.
It’s due to this fact not lengthy to count on that using Bitcoin might be promoted on Twitter as soon as Musk takes over. Twitter already has the “Tip Jar” function that enables customers to tip content material creators utilizing Bitcoin and different cryptos. Musk’s earlier thought was so as to add Dogecoin to this. So, the billionaire’s takeover of Twitter might result in a good larger presence of the crypto group on the platform. He might use his new place to advertise Bitcoin like he has executed previously.
As for the Twitter deal, Musk does not appear too involved concerning the courtroom order to shut the deal by October 28. “I feel it is an asset that has been languishing for an extended time however has unbelievable potential,” Musk stated throughout a Tesla earnings name. “Though clearly I and the opposite traders are paying an excessive amount of for Twitter for the time being.”
Elon Musk visited Twitter headquarters on Wednesday, the place he stated he is met “loads of cool individuals.” He’s anticipated to talk to Twitter workers on Friday about the way forward for the platform. Though there aren’t any public particulars of what this is able to entail, there have been experiences that he plans to chop 75% of the 7,500 staff and depart a base workforce of two,000.
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