‘The opposite should be happening,’ says Elon Musk, whose bid to buy Twitter has shook up the tech world

'The opposite should be happening,' says Elon Musk, whose bid to buy Twitter has shook up the tech world
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Musk has stated that he would like to reveal the algorithm that runs the platform.

Elon Musk’s surprise offer to buy Twitter triggered immediate fears – and some cheers – that the platform would fall into the hands of a mercurial billionaire who advocates fewer restrictions on what people can post. The Tesla CEO’s proposal for one of the world’s most influential information exchanges sparked immediate concerns about accountability, public discourse, and even how it might affect democracy, according to tech watchers.

“Twitter is far too important to be owned and controlled by a single individual,” said Fred Wilson, a venture capitalist. “It should be the other way around. Decentralization of Twitter is a good idea. “The $43 billion offer, however, faces uncertainty on several fronts, including possible board or shareholder opposition, as well as a lack of information on how Musk plans to fund the all-cash offer. Saudi Prince Alwaleed bin Talal has already spoken out against the proposal, calling it “too low,” prompting Musk to retort angrily. Musk did provide some detail on his vision on Thursday, saying he’d like to lift the veil on the platform’s algorithm, allowing people to look through it and suggest changes.

He also reaffirmed his preference for a more hands-off approach to policing the platform’s content, a thorny issue that has fueled criticism of Twitter, particularly in light of the most high-profile cases of violations of its terms of service.

Donald Trump’s critics

Donald Trump’s critics had long called for him to be removed from the site, but his supporters were outraged when he was removed due to concerns that his tweets could incite violence. “I believe we should be very hesitant to delete things and extremely cautious with permanent bans.” “I think timeouts are better,” Musk said at a conference on Thursday, without directly addressing Trump. “I think we want to have a sort of obsession and reality,” he added, “that speech is as free as reasonably possible.”

Critics argued that absolute free speech on social media can lead to a lot of problems in the real world. Max Boot, a Washington Post columnist, tweeted, “I am terrified by the impact on society and politics if Elon Musk acquires Twitter.” “He appears to believe that anything goes on social media.” We need more content moderation, not less, for democracy to survive,” Boot added. Supporters of Musk’s hostile takeover bid, on the other hand, were overjoyed at the prospect.

Nigel Farage, a populist British politician who helped lead the campaign for Brexit, tweeted, “This is the best news for free speech in years!” Senator Ted Cruz, an American conservative, has also expressed support for less moderation. In response to Boot’s criticism, he tweeted, “If the left thinks they’re right, why are they so terrified of free speech?”

United States’ Political Spectrum Expressed Lack Of Accountability

However, in the United States, both the left and right of the political spectrum have expressed reservations about the power concentrated in the hands of social media platforms and their lack of accountability. Individual states have launched their own rules, investigations, and lawsuits because national lawmakers have been deadlocked for so long over how to regulate Big Tech. Maya Zehavi, a tech entrepreneur, tweeted, “Twitter as a private company just reduces the little public accountability social media have as trustees to the public.” Although Facebook’s parent company, Meta, is publicly traded, founder Mark Zuckerberg has effective control over the company due to his ownership of shares.

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