Elon Musk Has a Twitter Problem of $1.24 billion

Elon Musk Has a Twitter Problem of $1.24 billion ...

Elon Musk's $44 billion leveraged buyout of Twitter continues to enrage strong sentiments across the board.

These range from media critics trying to understand what it means for users, to users who want to know about what it means for free speech.

On April 25, Musk, the world's wealthiest man, finally completed his quest for the social media platform.

The agreement's acceptance was far from a crime.

Twitter's board had spooked stance for the week, and the company even adopted a poison pills program to avoid a possible hostile takeover.

Musk fought back on April 25 and quickly took a note to say that he was not in the deal for "economic reasons" and would protect free speech on the platform.

According to a new survey, many long-time Twitter users are concerned about this exact thing.

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Users may withdraw from Musk's participation in the trial of his predecessor.

Time2Play, a gambling data portal, said on April 26, what action they might take if Musk is at thehelm.

According to the analysis, close to a quarter of Twitter users, a 24.4%, said they would leave the platform completely if Musk allows former president Donald Trump to be reinstated as a user.

Twitter's revenue estimate for 2021 would be $1.24 billion, according to reports from the fourth quarter.

Trump's Twitter account was halted after the company claimed that he incited violence during the riot on January 6 at the US Capitol.

It has been inactive ever since. But many users have looked to Musk's past criticisms of Trump's ban and his advocacy of a being a "free speech absolute."

A lot of people will be extremely dissatisfied with the West Coast High Technology as the de facto arbiter of free speech, Musk tweeted shortly after Trump's Twitter account was suspended.

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Other users were concerned.

According to a survey, 16.3% said they would leave the platform entirely if the agreement is finalized.

Twitter's income statistics show that a fraction of people leaving might cost the company $828 million.

A massive divide is found in this graph, which shows how the dislike of the agreement performed on political levels.


Ben Treanor, a Time2Play digital public relations strategist, was struck by that particularity.

"It was fantastic to learn just how appreciative we are about this topic," Treanor told TheStreet.

"There's a clear correlation between political leanings and feelings about Musk's purchase," said he.

"It will be interesting to see the reactions of users once Elon is in control and new policies are implemented, which isn't a certainty. For all we know, Twitter may continue to operate as usual."

How Can You Keep Users and Protect Your Speech?

Experts warn that crossing the fine line between permitting for a free exchange of ideas based on the First Amendment and keeping people from being harassed or spreading false information will be difficult.

"With Musk, his preoccupation with freedom of speech simply leave everything up would be disastrous in and of itself," says Paul Barrett, the deputy director of the Center for Business and Human Rights at New York University.

"If you stop modifying with automated systems and human reviews, a website like Twitter, in a short period of time, you'd have a cesspool."

Trump claimed on April 25 that he would not return to Twitter even if it had him. He has been involved in his own social media project, Truth Social, but it has struggled to sign up users and saw an explosion of executives.

Some experts suggest that Trump's temptation to reactivate his millions of followers might be too much for media-addicting.

"That's just him being a spoilsport. "Obviously he wants to be back on Twitter," says Darren Linvill, a leading researcher for the Clemson University Media Forensics Hub. "The thing that got him elected before has likely just been handed back to him."

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