In a surprising turn of events, Americans and activists across the world have taken to Twitter to vent their anger and disapproval of Elon Musk’s acquisition of Twitter. People are accusing Elon Musk of hiding behind freedom of speech to gag them and control what they could say by acquiring one of the world’s biggest social media platforms, Twitter.
Elon Musk on Monday acquired Twitter in a $44 billion deal following weeks of criticism and condemnation concerning Twitter’s adherence to its free speech policy. The billionaire, who had earlier refused calls to block Russian government access to Starlinks internet, dumped $2.9 billion on a 9.2% stake in the company to alert the world to his readiness and determination to ensure freedom of speech across the world.
After turning down an invitation to join the company’s board of directors, Musk called for a structural change across the board and eventually made an offer to own the company to allow him implement the changes. These changes include delisting Twitter from New York Stock Exchange (NYSE).
He said “Since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.”
Musk’s offer wasn’t immediately accepted by the Twitter board that seemingly despised him for his gut and unconventional approach to business matters. Sensing a possible turndown, Musk announced he has secured a financial option of $46.5 billion and would attempt to acquire Twitter directly from shareholders if the board continues to ignore his offer.
On Monday, exactly four days to Twitter’s earnings report for the first quarter of 2022, the board reached a $44 billion agreement with Musk. A move that I will liken to Robinhood’s strategy when it listed Shiba Inu and other three cryptocurrencies following Goldman Sachs’s call to sell Hood Stock.
However, social media darling, Musk is presently being accused of acquiring Twitter to control freedom of speech like Jeff Bezos and his other fellow billionaires.
Jeff Bezos, the billionaire owner of Amazon Inc, the world’s largest retail company, purchased Washington Post in 2013 and has since been blamed for using his media company to attack certain high profile individuals like President Donald Trump, the 45th president of the United States of America. Some of Washington’s posts are Is Trump mentally ill? Or is America? Psychiatrists weigh in, President Trump has made 1,628 false or misleading claims over 298 days, President Trump has made more than 20,000 false or misleading claims, and many more.
The fact that Billionaires are so invested in buying means of mass communication. Jeff Bezos buying the Washington Post, Elon Musk buying Twitter is something we should take alot more seriously than we do.
— Aviva 🥀 (@grlwithetattoo) April 25, 2022
Mark Zuckerberg, the billionaire owner of Facebook, Instagram, WhatsApp and other global platforms, was also mentioned among billionaires acquiring mass communication media in an effort to control freedom of speech.
Elon Musk is buying Twitter, Jeff Bezos owns the Washington Post, and Mark Zuckerburg controls Facebook and Instagram. Despite everything they tell you, capitalists are killing free speech.
— Read Becoming Abolitionists by Derecka Purnell (@JoshuaPotash) April 25, 2022
When oligarchs talk about freedom, beware.
For Jeff Bezos, it means his freedom to set prices.
For Jamie Dimon, it means his freedom to consolidate the banking industry.
For Elon Musk, it means his freedom to set the terms of political debate.
Don't get it confused.
— Robert Reich (@RBReich) April 25, 2022
Surprisingly, Jeff Bezos was the first to take a dig at Musk. Bezos had insinuated that the Twitter acquisition would give China more leverage given that is Tesla’s second-largest market after the United States.
Interesting question. Did the Chinese government just gain a bit of leverage over the town square? https://t.co/jTiEnabP6T
— Jeff Bezos (@JeffBezos) April 25, 2022
Jeff Bezos, however, came back two hours later to respond No to his own question after a lot of harsh replies and media publication.
My own answer to this question is probably not. The more likely outcome in this regard is complexity in China for Tesla, rather than censorship at Twitter.
— Jeff Bezos (@JeffBezos) April 26, 2022
Short-Form Video Platform TikTok Improves Private Messaging Feature
Short-form video hosting platform TikTok has improved its private messaging feature by expanding the direct message settings, giving users the option to choose who they want to receive messages from.
The company which sent an email to users updating them on the feature disclosed that the current messaging update contains options such as suggested friends, mutual followers, and people you have sent messages to.
Through settings, users can access the DM options, and also filter out suspicious spam messages. To change their direct messaging settings, all they need to do is to tap the profile icon at the bottom of the Tiktok home screen.
Next, they will tap on the menu button at the top and select “settings and privacy”, and then tap “privacy”. From there they will need to select direct messages and then they would be able to choose who they would like to allow to send them DM.
This feature could make TikTok a messaging app, enabling users to DM their favorite content creators. The feature is currently on other social platforms such as Instagram and Snapchat which enables users to choose who they want to receive messages.
Investors King understands that TikTok’s latest messaging feature can be seen as a move towards competing with other social media platforms that have enabled such feature.
The short-form video platform has continued to improve its platform with the latest user-friendly features as it continues to heighten competition in the social media space. Last year, it introduced a “new friends tab” that replaced the “discover tab”, which the app disclosed that it was looking for a new way to recommend content based on users’ friendships.
After its launch in 2016, reports disclose that TikTok awareness has grown exponentially. Its popularity skyrocketed with a 61% increase in mentions year over year (YOY) during the first half of 2021.
According to report, TikTok has the power to help brands connect with their target market especially when they engage them. Being the first non-facebook app to reach 3 million global downloads, TikTok is poised to continue its dominance in the social media space.
After Over Two Years, Meta Promises to Lift Suspension on Donald Trump’s Facebook, Instagram Accounts
As the political atmosphere gathers momentum in the United States of America ahead of its Presidential election next year, stakeholders have started paving way for possible contenders to marshal their manifestos and seek the electorate’s support.
A former President of the United States, Donald Trump, while addressing a crowd of supporters in Texas, late last year, had hinted of his desire to contest the presidency in 2024.
Meanwhile, of these key stakeholders are owners of Information, Communication, Technology including the social media platforms. Meta Platforms Inc (META.O) belongs to this category.
Meta, an American multinational technology conglomerate, promised to will restore Trump’s Facebook and Instagram accounts soon.
Trump’s accounts, with about 57 million followers, had been suspended after a riot broke out in Capitol Hill on January 6, 2021.
The social media handles, after the suspension would have been lifted on them, would afford the former president of opportunities of interacting with his political supporters online in line with his aspiration to oust the incumbent President Joe Biden.
While his Facebook account has 34 million followers, his Instagram has 23 million.
Investors King had reported that Trump’s Twitter account had been suspended following alleged misinformation and incitement of violence.
But, after Elon Musk took over Twitter in November, 2022, he reinstated Trump’s account.
Ahead of the poll, advocates of free speech have said it would be good if political candidates are allowed to reach out to the public on social media.
Meanwhile, critics have accused Meta of relaxing its policies to accommodate posting of contents that are inappropriate to standard. But, the technology conglomerate said it has made some barriers that would prevent misinformation.
Explaining how it would tackle Trump posts henceforth, Meta’s President of Global Affairs, Nick Clegg, had said that any violating content of the politician would be removed and that Trump risks between one month and two years suspension depending on how serious the offence is.
Nonetheless, the decision to reinstate Trump’s accounts has been generating condemnation as civil rights groups accused Meta of parading weak policies that allow disparaging content on their platforms.
Some of these advocates described the former president as danger that should be tamed.
Some of the groups,l including Free Press, Anti-Defamation League and NAACP, among others said they are worried that Facebook may not be able to checkmate possible future attacks by Trump on democratic process.
But, Jameel Jaffer, executive director at the Knight First Amendment Institute at Columbia University and a former ACLU official, said the restoration of Trump’s accounts is justified.
Jaffer said the reinstatement would allow members of the public, the opportunity of hearing directly from candidates gunning for political offices in the forthcoming presidential election.
Twitter Teams up With Adtech Companies to Notify Advertisers of Inappropriate Ad Content
These Ad-tech companies which have previously partnered with Twitter will use its technology to provide brands insights into what kind of tweets are appearing around their ads and the reason behind that. Also, they will ensure that brands/marketers ads are seen by real people and not bots.
These companies revealed that their Tweet scanning solutions will cover Twitter’s home timeline first and then expand to profile and search placements.
Senior Vice President, product management of Integral Ad science disclosed that “marketers are looking for the confidence to continue to invest in Twitter and grow their investments, which is what the company plans to do in collaboration with Double verify to give advertisers measurement for brand safety, an industry term to protect its online reputation and evaluate content that is next to an ad at the tweet level.
Investors King understands that Twitter has been struggling to retain advertisers on the platform, hence the reason for the partnership with Ad-tech platforms.
Following Musk’s takeover of the company last year, marketers and advertisers have been scrambling to keep up with a recent surge of changes at Twitter.
Many big brands and advertisers are having to rethink their social media marketing plans which have seen about 46% of them pause their ad campaigns on the platform.
Recently, the company’s CEO Elon Musk has been looking for ways to lure advertisers back onto the platform. Earlier this month, he offered free ad space by offering to match advertisers’ ad spending up to $250,000 to woo advertisers back on the platform.
Meanwhile, analysts disclose that even if Musk improves Twitter’s advertising, his promise not to turn the platform into a free-for-all hellscape” where anything can be said without no consequences, will pose a major challenge and will deter most brands from advertising on the platform.
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