Profectus Magazine

Is free speech finally here; Elon Musk Struck A Deal To Buy Twitter

By : Profectus Magazine   /   26 Apr 2022  /   News and Updates /   Latest News

Co-founder of Tesla, Billionaire Elon Musk has taken control over to the micro-blogging site Twitter on Tuesday. One of the biggest tech deals of the world will lead Musk to acquire the site for a bid roughly around $44 billion with Twitter shares valued at $54.20.

Taking to Twitter, Elon Musk tweeted confirming that he will make the site what is claims to be, a platform of free speech. In a tweet approximately 18 hours ago, he said that, ‘I hope that even my worst critics remain on Twitter, because that is what free speech means.’


Once the deal was confirmed he posted a statement saying that, “Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated. I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans. Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it.”

The billionaire who does million things, now has officially stepped into the social media ring. Although Twitter doesn’t have the biggest engagement of users, but it is a crucial site which controls the world narrative, sets new trends and is destined for brand building. Musk himself has over 84.8 million followers on Twitter.

Taking a jibe on ‘Free Speech’ Musk had tweeted a little disturbing image of Bill Gates, Microsoft Co-founder in response to him shorting Tesla’s stock. He later joked about the ‘shadow ban council’ reviewing his tweet.

In a tweet he talked about defeating the spam bots of Twitter, and maybe taking the platform private. Asking for some changes on the micro-blogging platform, he had earlier suggested the need for ‘edit button’ via a poll where he misspelled yes and no to highlight the urgency of change.

Many twitter users are thrilled about this takeover while some are offended by it naming it as ‘Hostile’. Twitteraites are asking that accounts of Ex-american president Donald Trump and Indian Actress Kangana Ranaut be restored on the website as the new owner advocates ‘free speech.’

Ex-CEO of Twitter Jack Dorsey said in a tweet that Elon Musk seems like a singular solution for Twitter. He said, "In principle, I don't believe anyone should own or run Twitter. It wants to be a public good at a protocol level, not a company. Solving for the problem of it being a company however, Elon is the singular solution I trust. I trust his mission to extend the light of consciousness.”

According to some reports, current CEO of Twitter Parag Agarwal will get approximately $42 million if sacked from the post, and there might be a hiring freeze in the company.

Will Twitter really work towards ‘free speech’ as Musk suggests? Its quite common for social media platforms to ban or sack several pages without giving legitimate reasons. Just as on Monday night Instagram banned several Pro-Indian IG pages from its platform. It will be exciting to see what Elon brings to the social media world.


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