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Musk Sees Logic For Twitter As A Crypto Payments Platform
Musk Sees Logic For Twitter As A Crypto Payments Platform
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Hours after the terms of Musk's agreement with Twitter were announced, staff reportedly asked CEO Parag Agrawal whether they would lose their jobs, and whether the platform's moderation policies would change. "It's hard for me to see how this will be better or worse for users than a bunch of shareholders having control over the company," York said. Twitter stockholders will receive $54.20 in cash for each share of Twitter common stock that they own after the transaction is completed, the company said.



Musk has framed his pursuit of Twitter as one necessary to preserve "free speech." Although he hasn't said specifically what he wants to change, he has been critical of Twitter in the past,suggesting that the platformstifles free speech and engages in "censorship." Over the past few weeks, Musk has hinted at changes he would like to see the platform make, but has stopped short of laying out a road map for the direction he wants to take Twitter. Sign Up NowGet this delivered to your inbox, and more info about our products and services. Also at the TED2022 conference, Musk shared how he would like to see the platform change under his ownership. Musk's interest in Twitter comes from his own frequent use of the platform.



The shifting laws in Europe illustrate the broader legal challenges Mr. Musk would inherit if he closes a deal to buy Twitter. Rather than having a single unified approach to policing its platform, the company has had to adjust based on the different laws where it operates. In Germany, Twitter removes flagged hate speech, racism and references to Nazism. In countries like Turkey, the company faces pressure to remove content critical of the ruling government.



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Since Musk struck his deal to buy Twitter in April, his comments about how he would tackle the company's hardest challenges have rattled some employees. He floated ideas for broadening Twitter's business beyond its current dependence on advertising, suggesting it could charge people to get "verified" with those blue check marks – a way of confirming their identities. Asked about his vision for the company, Musk said he wanted a billion people a day to use Twitter. These reviews can take months, or longer, but generally represent more of a potential hurdle when two companies in the same industry are combining, or in the case of a single buyer, whether ownership already has a large stake in companies within the same industry.



The two sides were focused on determining whether Musk had the financing to complete the acquisition, and did not spend much time discussing Musks’s strategy for the future of the social network, said the people familiar with the discussions. Amid reported chaos within the company following the initial offer, Twitter’s chief executive Parag Agrawal (who took the post after Jack Dorsey’s departure late last year) met with concerned employees in an attempt to quell their concerns. Read more about buy followers on twitter here. Meanwhile, the leadership team and board of directors considered a "poison pill" plan to derail Musk’s takeover plans, per reporting by the New York Times. That was all turned on its head when the board today announced that the buyout will be in the best interests of Twitter investors. Musk posted a number of since-deleted tweets expressing how he’d like to change the platform, even proposing that, were he in charge, he’d ban advertising altogether. It’s widely believed that Musk, who has called himself a "privacy absolutist" in the past, aims to loosen Twitter’s content moderation policies and deregulate speech on the platform.



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