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Musk Sees Logic For Twitter As A Crypto Payments Platform
Musk Sees Logic For Twitter As A Crypto Payments Platform
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In a recent TED interview, Musk said he'd like to see Twitter err on the side of allowing speech instead of moderating it. He said he'd be "very reluctant" to delete tweets and would generally be cautious about permanent bans. Musk said it was "quite dangerous" to have "tweets be mysteriously promoted and demoted" and having a "black-box algorithm." He also acknowledged that Twitter would have to abide by national laws governing speech in markets around the world. Twitter has agreed to be acquired by Elon Musk in a deal that values the company at $44 billion, the board announced Monday afternoon. Social media experts say that Musk’s focus on preserving free speech over moderating potentially harmful posts could very well mean a return of controversial right-wing figures like Trump and Rep. Marjorie Taylor Greene (R-Ga.) to the platform.



Even before he launched his bid for Twitter, Musk’s tweets often generated their own news cycles. Now, as he prepares to take control of the company, he’s solidifying his hold on a site that has helped him build his public persona and that wields outsized influence worldwide. Musk’s plan is to take the company private — giving him incredible power over Twitter because it will allow him to roll out products quickly, make decisions with less scrutiny and overall operate with less transparency than a publicly traded firm.



Ferguson said Justice Thomas’ opinion should serve as an alarm for everyone to act, including tech companies. Meta and Apple joined the chorus of tech companies publicly announcing their abortion-related travel coverage, although the exact steps companies are taking to implement the policy without exposing employee data aren’t entirely clear. "We are in the process of assessing how best to do so given the legal complexities involved," a Meta spokesperson told Protocol. Dozens of tech companies have announced policies to protect workers seeking abortions over the past month, and many of the logistics of those plans are unclear or still being decided. But given that the Supreme Court’s decision on abortion might be followed by more rulings down the line, HR experts said companies need to be proactive about protections for contraception, privacy and LGBTQ+ rights. He's already reduced the debt component by lining up more equity funding, including money from Oracle founder Larry Ellison, a16z, Sequoia Capital, and Binance.



"They could miss out , but it could also be an intentional strategy if you’re going to focus on those customers that will pay upfront with Apple Pay," he said. For one, Apple is marketing its pay-later offering to customers in an entirely different place than competitors. Second, the customers Apple is targeting have habits that differ markedly from traditional "buy now, pay later" users. Big tech could be asked to snitch on users who obtain abortions, and even some who may come under suspicion when they lose pregnancies. The new landscape kicks off perhaps the most complicated political balancing act the companies have ever faced.



Read more about buy followers on twitter here. Shares of DWAC dropped 16.2% Monday and are down 46% since Musk revealed his stake in Twitter. Advertisers, currently Twitter’s main customers, have also pushed for the stronger content rules Musk has criticized. Keeping them happy requires moderation limiting hate speech so that brands aren’t trying to promote their products next to "calls for genocide," said Siva Vaidhyanathan, a media studies professor at the University of Virginia.



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