Elon Musk has completed a $44 billion deal to buy Twitter, and now the question on everyone’s mind is what will the social media platform look like under the control of the new president?
According to the British newspaper, “Daily Mail”, some users are looking forward to the version of Twitter run by Musk, while others believe that the site will decline, saying “we are all doomed” under his leadership, although the new president announced on Thursday a promise Climbing the site.
Also, in his interviews and Twitter posts, Musk has shared insights into how he has reformed Twitter when he becomes president, including making it a haven for free speech, open source algorithms for developers to make suggestions and defeating spam bots he believes are rampant on the site.
Musk revealed that he prefers the subscription-based model over funding advertisers, as it will make Twitter less succumb to advertiser pressure, but this was not one of the priorities outlined in the official announcement, and he even suggested that users could pay in cryptocurrencies, including the long-loved Dogecoin.
However, Musk shared an open message with a different tone when it came to advertising on the platform, as Musk shared the message. “Twitter aspires to be the world’s most respected advertising platform that strengthens your brand and grows your organization.”
It’s not clear what triggered the shift, but Reuters published a report on Wednesday that revealed that Twitter has lost several of its major advertisers and Musk may well be playing a role in the hope of winning some of them, or at least retaining existing contracts.
“We could see a paid subscription service unveiled with a free-speech dynamic with premium users worried that borders could open,” said Dan Ives, MD, chief equity analyst at Wedbush Securities.
Musk also wrote in the letter that, although it aims to provide a digital city square, Twitter cannot be a free-for-all where anything can be said without consequences.