Економіка

Twitter CEO Parag Agrawal told employees Monday that he is uncertain of the direction the company will go after Tesla CEO Elon Musk takes over.    

Musk reached an agreement Monday to buy Twitter for $44 billion, promising to make the platform more supportive of free speech. The move has raised questions about how far Twitter will go to relax restrictions on users’ speech and led critics to fear new policies would make it easier for people to spread disinformation and hate speech. 

Agrawal answered employee questions Monday in a town hall that was heard by Reuters.    

The news agency reported that Agrawal told employees, “Once the deal closes, we don’t know which direction the platform will go.” The CEO was answering a question about whether former President Donald Trump would be allowed to rejoin Twitter despite his permanent suspension.  

“I believe when we have an opportunity to speak with Elon, it’s a question we should address with him,” Agrawal said.  

Twitter banned Trump after the U.S. Capitol was stormed on January 6, 2021, citing a risk of more violence.  

Musk has proposed relaxing the type of content restrictions that led Twitter to suspend the former president’s account.     

Musk, who is also CEO of rocket developer SpaceX, has said Twitter needs to become a private company so that it can realize its potential for free speech. He has described himself as a “free-speech absolutist.”     

Reuters reported that Agrawal deferred many staff questions to Musk, who he said would join Twitter staff for a question-and-answer session at a later date. 

Agrawal also told employees there were no plans for layoffs. 

Musk said in a securities filing this month that he did not have confidence in Twitter’s management.  

He said in a statement Monday that “free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated.”   

Some information in this report came from Reuters. 

 
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Tesla CEO Elon Musk’s $44 billion deal to buy Twitter Monday met mixed reactions as observers speculated how digital speech on the service might change under his leadership. 

Musk, a prolific Twitter user who has criticized Twitter’s management in tweets, said in the press release Monday announcing the deal that “Twitter is the digital town square where matters vital to the future of humanity are debated.”   

Musk’s takeover of Twitter was applauded by some U.S. conservatives who have alleged that internet firms — including Twitter — promote a liberal political agenda and suppress conservative voices. 

Senator Ted Cruz, a Republican from Texas, tweeted that it’s “amazing to watch the Left panic at the prospect of free speech on Twitter.”  

But others expressed concern that Musk’s takeover would mean less moderation of hate speech and misinformation on the site.   

Sumayyah Waheed, senior policy counsel with Muslim Advocates, a national civil rights organization, told VOA that Twitter doesn’t have a good track record of taking down hateful speech against Muslims. 

“We already face threats and regular harassment on Twitter, and a weaker content moderation system will just make that even worse,” she said.  

Twitter, with more than 400 million monthly active users, has a smaller audience than Facebook, with 3 billion users, and YouTube, with over 2 billion.   

Twitter is primarily used in the U.S. and Western Europe, where it is influential among journalists, political leaders, celebrities and other thought leaders. Because powerful people use Twitter, it has an outsized influence, observers say.  

Twitter allows people to post anonymously and is credited with helping marginalized voices around the world speak. Musk has talked recently of wanting to “authenticate all real humans” on the site, raising concerns among digital rights advocates that Twitter will require accounts to be tied to a person’s identity.  

Twitter under Musk 

Michael Posner, director of the New York University Stern Center for Business and Human Rights, said that Musk’s statements about free speech “are not very well developed.”  

“We have to hope that once he gets into the driver’s seat, he understands that social media platforms need to be moderated by people who own them and run them,” he told VOA. “A site where content moderation is not taken seriously is going to yield spam, pornography, hate speech and disinformation, and all kinds of things that are not good for society.”  

Emerson Brooking, a resident senior fellow at the Digital Forensic Research Lab of the Atlantic Council, a U.S. think tank, said Twitter will probably change under the new leadership.  

“Musk’s absolutist view of freedom of speech, his unfamiliarity with the challenges that many people face around the world in expressing their political points of view, these two things are going to clash,” he said in an interview with VOA. “And I expect that the Twitter of the future will look quite a bit different and quite a bit less inviting for many people.”   

Concentration of power 

Evan Greer, director of the digital rights organization Fight for the Future, said Musk’s acquisition exposes another issue: A handful of companies have a monopoly on “what can be seen, heard and done online,” she said. 

“If we want a future of free speech, it’s not a future where the richest person on Earth can purchase a platform that millions of people depend on and then change the rules to his liking,” she said in an interview with VOA.  

There’s been speculation that under Musk, former President Donald Trump, whom Twitter banned permanently in 2021, could return to the site. But Trump told Fox News prior to the announcement of the deal Monday that while he hoped that Musk would buy Twitter, he would not return to the service. Instead, he will join his own social media site, Truth Social, he said. 

For his part, Musk appeared to acknowledge the varied reactions about his new role, tweeting Monday: “I hope that even my worst critics remain on Twitter, because that is what free speech means.” 

 
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The board of Twitter is negotiating with Tesla CEO Elon Musk over his bid to buy the social media giant. 

Media reports Monday said the two sides are close to reaching a deal.  

Musk recently announced that he wants to buy the platform and later unveiled a financing package to back the acquisition.  

The Reuters news agency reported that Musk’s final offer is $43 billion in cash, citing anonymous sources familiar with the matter.

The New York Times reported that Twitter and Musk spoke into the early hours Monday and were discussing contingency plans if an agreement were to be signed and then fall apart.

Twitter shares were up more than 5% in trading Monday afternoon.  

Musk is the world’s richest person according to Forbes magazine with a nearly $279 billion fortune.

The businessman, who is also CEO of rocket developer SpaceX, has said Twitter needs to become a private company so that it can realize its potential for free speech. He has described himself as a “free-speech absolutist.”

Musk, who is a prolific tweeter with more than 83 million followers, tweeted Monday, “I hope that even my worst critics remain on Twitter, because that is what free speech means.”

He has proposed relaxing Twitter’s content restrictions, which could include rules that suspended former President Donald Trump’s account.  

Republicans cheered Musk’s possible takeover of Twitter.

“Hey, @elonmusk it’s a great week to free @realDonaldTrump,” tweeted the House Republican Conference.

Twitter banned Trump’s account after the U.S. Capitol was stormed on Jan. 6, 2021, citing a risk of more violence.

Some information in this report comes from the Associated Pres and Reuters.
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