The Elon Musk Twitter deal is sort of at its finish. A Bloomberg report said that the plan was to finalize the deal by Fri. 28 October, transferring possession to the billionaire. Because the social media platform is about to change palms, it has raised a number of questions relating to Musk’s plans for it and its impacts. Since Twitter’s affect spans each sphere of on a regular basis life, may Musk’s acquisition affect the following US election?
Twitter’s Affect On US Election
Over time, there have been a number of bans positioned on political figures by Twitter. One of the crucial notable is the ban of former US president Donald Trump – a transfer that noticed requires ‘freedom of free speech’ on the platform, which Elon Musk himself has highlighted.
Musk has beforehand made it recognized that when he took over the social media platform, he plans to ‘clear it up.’ His thought of a ‘clear up’ included making Twitter a platform that helps free speech. So it begs the query of how he intends to go about it.
As soon as Musk takes management of Twitter, he can have the facility to unban necessary political figures akin to Donald Trump and Senator Ron Johnson. If the Tesla CEO does select to do that, it could have a profound affect on the following US elections because it reinstates the entry of those political figures to a large viewers as soon as extra. Nevertheless, there is no such thing as a telling whether it is attainable to additional affect past lifting the bans on political figures in pursuit of free speech.
The following US election will occur in 2024, and by then — assuming the deal goes by way of as deliberate, Musk can have had management of the social media platform for at the very least 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 largest evangelists of Bitcoin and cryptocurrencies usually. Again in 2021, his electrical car firm Tesla had briefly accepted Bitcoin funds earlier than halting it because of environmental issues. Nevertheless, Musk has not stopped displaying assist for Bitcoin. Tesla nonetheless holds about $200 million price of BTC on its steadiness as of the time of this writing.
It’s subsequently not a protracted shot to anticipate that using Bitcoin could possibly be promoted on Twitter as soon as Musk takes over. Twitter already has the “Tip Jar” function that permits customers to tip content material creators utilizing Bitcoin and different cryptos. Musk’s earlier thought was to develop this to incorporate Dogecoin. So the billionaire’s takeover of Twitter may result in a good bigger presence of the crypto group on the platform. He may use his new place to advertise Bitcoin as he has carried out prior to now.
As for the Twitter deal, Musk doesn’t appear too fazed in regards to the court docket order to finish the deal by Oct. 28. “I believe it’s an asset that has simply kind of languished for a very long time however has unimaginable potential,” Musk mentioned throughout a Tesla earnings name. “Though clearly myself and the opposite traders are overpaying for Twitter proper now.”
Elon Musk visited the Twitter headquarters on Wednesday the place he mentioned he met “loads of cool folks.” He’s anticipated to talk to Twitter staff on Friday about the way forward for the platform. Whereas there are not any public particulars on what this is able to entail, there have been stories that he plans to chop 75% of the 7,500 staff, leaving a skeleton employees of two,000.
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