Elon Musk Makes $43 Billion Bid for Twitter, Says ‘Civilization’ At Stake

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Elon Musk, the CEO of Tesla, believes that social media may play an important role in reducing “civilizational risk” and safeguarding democracy. After being given the opportunity to explain in his Wednesday letter proposing to acquire Twitter during his talk at the TED 2022 conference in Vancouver, the billionaire internet tycoon made the remark. On stage at TED, Musk shared his thoughts on civilizational risk with curator Chris Anderson. “I believe the danger of civilizational risk decreases the more we can improve the confidence in Twitter,” Musk said.

Tesla CEO Elon Musk also stated that Twitter is “critical to the functioning of democracy, to the United States as a free society, and to the advancement of freedom around the globe.” Musk said to the TED audience that he made his acquisition offer not because he saw a possible profit opportunity, but rather because he saw something more important. “It is very necessary for the continuation of civilization to have a public platform that is maximally trustworthy and widely inclusive. According to Musk, “I don’t care about the economics.”

The CEO of Twitter, Elon Musk, was asked how he would improve the company’s approach to content regulation. Musk said that speech should be controlled in accordance with each country’s laws but refused to give any additional instructions. In Musk’s words, “if in doubt, let it exist.” If you ask Musk what he thinks of free speech, he says it is when “someone you don’t like is permitted to say something you don’t like.”

Musk has also shown an interest in making Twitter’s algorithm available to the public. In addition, Musk said that users will be able to go back and check whether any modifications had been made to the algorithmic parts of a tweet. He referred to Twitter’s present algorithm as a “black box,” and he said that tweets were being suspiciously influenced, which was why the algorithm needed to be made open-source, him.

Musk seems to want to tighten the screws on scammers and spammers on social media platforms like Twitter. Crypto spam bots, many of which appear to be linked with Musk or Tesla in order to sell bitcoin to unwary users, have been a frequent target of Musk’s ire. Tesla CEO Elon Musk proclaimed them to be the “single most bothersome thing” on Twitter in a post on April 5.

After being pressed for further information on the ramifications of including an edit button, Musk said that such an option should only be accessible for a brief amount of time after each tweet.

Twitter board chairman Bret Taylor received a letter from Elon Musk on Wednesday in which he offered to buy the social media business for $54.20 per share in cash, up to a maximum of $41 billion in cash.

Despite Musk’s purchase of a 9.2 percent stake in the firm, Twitter CEO Parag Agrawal stated on Sunday that the billionaire will not be joining the company’s board of directors. In order to consider the offer, the board of directors convened on Thursday afternoon. Musk said that if Twitter rejects his offer, he has a “Plan B,” although he did not explain what that plan was. TED is a conference that delivers brief lectures with the goal of providing “ideas worth spreading,” according to the organizers.

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