Last 4th of April, Elon Musk jumped on Twitter’s board. The owner of Tesla and Space X is now Twitter’s biggest shareholder after buying shares worth nearly $3 billion. That’s equivalent to a 9.2% stake at Twitter, Inc. A social media agency Hong Kong highlights to expect big changes on the platform in the coming months. This is because Elon Musk is known as a game-changer.
For a digital marketing speaker Hong Kong, it just showed that money can be a great asset to make an impact. Before the Tesla Chief acquired Twitter shares, he was a big fanatic of social media platforms. He even polled the Twitter nation about free speech on social media. He noted the plans of launching his own social media platform after Twitter failed to adhere to free speech. So, what can Elon Musk do as Twitter’s largest stakeholder?
Pushing the Edit Button on Twitter
After his appointment as one of Twitter’s board of directors, Elon Musk polled his 80 million followers if they want the edit button for their tweets. Twitter CEO, Parag Agrawal, retweeted the poll with a note that the consequences of such a survey are important. Nearly 4 million favored having an edit button. That is around 73.5% of Musk’s followers.
It seems that Elon Musk is the key to making tweet editing a reality. After repeated buffs and years of longing, the Twitter nation can now expect speeding up by having an edit button on tweets. As one of the board of directors, he is now swaying the platform to expedite rolling out such a feature.
Twitter has noted working on the edit button even before Musk became a member of the board of directors. That was based on the statement of a new Twitter ambassador, Michael Sayman. The statement seems unclear but it is good to hear that Twitter is working on the edit option once again. With Elon Musk and Parag Agrawal’s push, it can be a saving grace to Twitter’s post-Jack Dorsey era.
Massive Move Towards Free Speech
Elon Musk is a popular advocate of free speech. That is why he polled the Twitter nation about it. After the poll, Elon thought of launching a new social media platform to promote freedom of expression. This is to fulfill his dream of no censorship or standards to adhere to. But the tides have changed. Elon Musk, instead, acquired Twitter shares.
Right after Musk bought shares on Twitter, Inc., the company’s stock shares surged by 27%. It seems clear that Twitter and Musk have agreed to boost Twitter’s sales price in exchange for a massive move toward freedom of speech. Twitter’s goal is to reach 315 million daily active users (DAU) before the end of 2023. Musk’s goal is to ease up Twitter’s censorship. In the end, will it be more beneficial if Twitter takes a step back in allowing more misinformation and curbing concerning movements and trends? That is one thing we need to wait for.