Elon Musk’s the subject du jour, as soon as once more, as his teased takeover of Twitter has come to its inevitable finish.
It’s a accomplished deal: the world’s richest man has bought Twitter. Cue the Imperial March.
Whereas we’re all ready to see what occurs now, it’s price speculating on what the ramifications of the soon-to-be accomplished takeover might imply.
Right here’s what we all know to date:
- Musk intends to take the corporate personal.
- He intends to alter Twitter’s moderation practices.
Twitter is at present a publicly-traded firm, nevertheless it’s nearly definitely going to be in Musk’s finest pursuits to take the corporate personal ASAP.
Firstly, Musk, or whoever finally results in cost of Twitter (we’ll speak extra about that within the “conspiracy theories” part of this text later), received’t must file quarterly monetary experiences if the corporate’s personal.
In different phrases: this implies they’ll screw issues up as a lot as they need, lose a bunch of customers and tank earnings, and public shareholders can’t maintain them accountable.
Taking the corporate personal would additionally imply it doesn’t must file earnings experiences with the Securities and Change Fee (SEC), AKA, Musk’s mortal enemy.
As to what this implies for the present board, we are able to solely assume Musk will ouster them. However let’s be clear: there’s no telling what the world’s richest man will do together with his new toy.
Even our wildest hypothesis might wind up underwhelming within the face of the approaching consequence.
However, simply in case, let’s take issues a step additional.
As soon as the corporate is personal, whoever owns it will possibly do just about no matter they need with it.
I’m being cautious to say “whoever owns it,” as a result of it’s fairly attainable that Musk didn’t buy Twitter for himself.
In reality, we might be sure he didn’t use his personal money (all his cash is reportedly tied up in inventory anyway) and he particularly acknowledged he’d “secured funding” to buy the social community.
It’s genuinely attainable he’s half of a bigger crew who’ll wish to have a say in day-to-day firm operations. Possibly he’ll finally find yourself in management or play the position of CEO. Possibly he’ll chair a board of his personal design.
It’s additionally conceivable he might flip round and promote Twitter to another person. It doesn’t appear doubtless, as $46 billion is some huge cash to anybody on the planet.
However, there’s doubtlessly a made-for-Hollywood state of affairs the place Musk colludes with somebody the Twitter board would by no means take into account promoting to to be able to dealer an insidious shadow takeover.
Who might this mysterious determine be? Jack Dorsey? Donald Trump? Jeff Bezos? Mark Zuckerberg?
Positive, why not? On this wild principle it could possibly be anybody. Let’s add Kanye West to the combination as properly.
Something’s attainable when Elon Musk is concerned. Till we see the paperwork on the deal, all bets are off.
What in regards to the elephant within the room?
There’s additionally the difficulty of the previous President of america of America being banned from the “city sq..”
Trump supporters are virtually apoplectic on the considered seeing their favourite POTUS returned to his wonderful place atop the Twitterverse.
Sadly, as Musk’s made no public point out of rescinding any previous Twitter violations, we now have no means of understanding his intentions regarding Donald Trump or another banned MAGA luminaries.
Right here’s all the pieces Musk needed to say within the official press launch:
Free speech is the bedrock of a functioning democracy, and Twitter is the digital city sq. the place issues important to the way forward for humanity are debated. I additionally wish to make Twitter higher than ever by enhancing the product with new options, making the algorithms open supply to extend belief, defeating the spam bots, and authenticating all people. Twitter has great potential – I sit up for working with the corporate and the neighborhood of customers to unlock it.
There’s nothing there to point that Trump ought to reinstall the app, however there’s a reasonably good likelihood Musk isn’t accomplished speaking in regards to the deal in the present day.
Our greatest guess: 50/50, it’s too near name.
Okay, right here’s yet another conspiracy principle earlier than we transfer on: Elon Musk declares himself the president of Twitter and crowns Jack Dorsey as its CEO. Solely, they’ll have ridiculous titles like “Doge Lord” and “Govt Change Implementer” or one thing.
👑 <—- you drop that Techno?
— jack⚡️ (@jack) April 24, 2022
We’ve reached out to Twitter for remark and can replace this text if we hear again.
What occurs subsequent?
In a single model of the long run, Musk makes radical adjustments throughout all the app. He makes good on his guarantees of eliminating bots and he makes Twitter an app the place all speech throughout the authorized limits is taken into account free speech.
This sounds nice however, in observe, it’d successfully stifle the free speech of anybody who isn’t keen to take discourse to the restrict.
Then again, maybe he has a reliable plan to match his ambition. Possibly he invented a brand new mode of discourse.
In a unique model of the long run — maybe a extra doubtless one — Elon takes his hand at helming Twitter and runs into the identical downside that each social media community has: content material moderation is actually laborious. He finally provides up and places another person in cost till the corporate finally goes public once more.
There’s no lifelike state of affairs by which thousands and thousands of educators, lecturers, scientists, and international politicians proceed to make use of a platform the place speech is proscribed solely by what’s thought-about felony within the US.
Which means we’re sure to see some type of content material moderation. It’s simple to think about Musk because the savior who’ll swoop in and determine the key sauce that retains the spirit of free speech alive whereas additionally permitting free of charge debate and the liberty of expression.
However, if Musk thinks instructing a automotive to drive itself is tough, wait till he tries to maintain a social community afloat when tens of thousands and thousands of trolls abruptly discover out they’ve been let off the leash.
Likelihood is, Twitter’s about to undergo some extreme id disaster earlier than it will definitely lands on its toes a bit worse for put on.
The query is: who’ll be in cost then, and can they’ve a consumer base left?