Billionaire Elon Musk is already floating major changes for Twitter as he begins his first week as owner of the social-media platform.
FILE - Elon Musk, Tesla CEO, attends the opening of the Tesla factory Berlin Brandenburg in Gruenheide, Germany, March 22, 2022. Musk is already floating major changes for Twitter and faces major hurdles as he begins his first week as owner of the social-media platform. Twitter's new owner fired the company's board of directors and made himself the board's sole member, according to a company filing Monday, Oct. 31, 2022, with the Securities and Exchange Commission.
“The whole verification process is being revamped right now,” Musk tweeted Sunday in response to a user who asked for help getting verified. “We should be concerned that the Saudis, who have a clear interest in repressing political speech and impacting U.S. politics, are now the second-largest owner of a major social media platform,” Murphy tweeted. “There is a clear national security issue at stake and CFIUS should do a review.”
Those who have revealed they are helping Musk include Sriram Krishnan, a partner at venture capital firm Andreessen Horowitz, which pledged back in the spring to chip in to Musk's plan to buy the company and take it private. on the platform.” And in the Twitter poll, he asked if users would pay between $5 and $15 monthly to “be verified & get a blue check mark” on Twitter. Twitter is currently free for most users because it depends on advertising for its revenue.
He has promised to cut back some of Twitter's content restrictions to promote free speech, but said Friday that no major decisions on content or reinstating of banned accounts will be made until a “content moderation council” with diverse viewpoints is put in place. He later qualified that remark, tweeting “anyone suspended for minor & dubious reasons will be freed from Twitter jail.”
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