Elon Musk’s stake in Twitter became public April 4, 2022. It is confirmed that Twitter’s board accepted Elon Musk’s offer to buy the social media company and take it private.
Jack Dorsey, Twitter’s co-founder and Block Head has expressed his support for the new owner of Twitter after the $44 billion deal has just gone through. He expressed that “Elon is the singular solution I trust.”
Dorsey has expressed his concerns about the way Twitter is currently structured. According to him, Elon Musk and Current CEO Parag Agrawal were “getting the company out of an impossible situation” and that the company is on “the right path.”
As per Dorsey’s own words, “The idea and service is all that matters to me, and I will do whatever it takes to protect both,” he quipped. “Twitter as a company has always been my sole issue and my biggest regret. It has been owned by Wall Street and the ad model. Taking it back from Wall Street is the correct first step.”
“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.”
Twitter is a giant multimedia platform. It has been used from various degrees to express ideas and freedom of speech, however in some instances it has been moderated badly. Elon Musk, who calls himself a free speech absolutist, has even criticized Twitter’s moderation. He wants changes to Twitter’s algorithm for prioritizing tweets to be public and objects to giving too much power on the service to corporations that advertise.
Unfortunately majority of social media platforms are commercialized and has given corporations too much power and control. Musk has also advocated user-friendly tweaks to the service. One of which is an edit button and secondly to find a way of defeating “spam bots”.