Free speech comes with a price.
that he recently sold $8.5 billion in Tesla shares, presumably to help pay for the Twitter deal. That amount is a mere 5.6 percent of the shares he owned when Twitter’s board agreed to the buyout.
When meeting with lenders, Musk pointed out that Twitter lags behind Facebook and Pinterest when it comes to its gross margin, and therefore could make more money. To help achieve this, Musk is mulling over monetizing tweets “that contain important information or go viral,” according to the report, as well as charging websites a fee to quote or embed tweets from verified accounts. He is also looking at having moderation policies that are “as free as possible.
In tweets earlier this month that have since been deleted, Musk also suggested having no advertisements on the platform. “The power of corporations to dictate policy is greatly enhanced if Twitter depends on advertising money to survive,”. Also, anyone who pays for Twitter Blue, the subscription service that premiered last summer, should get a blue authentication checkmark.
Musk initially acquired a nine-percent stake in the company and briefly agreed to join its board after voicing concerns about free speech, but later sought to take it over completely after “realiz[ing] the company will neither thrive nor serve this societal imperative in its current form.” Musk already has a new chief executive in mind, Reuters reported, whose identity wasn’t revealed.
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