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It should not turn into a digital monarchy, experts say

Tesla CEO Elon Musk entered into an agreement to buy Twitter Inc for $ 44 billion in cash on Monday. Twitter’s board has accepted Musk’s offer to buy the company for as much as $ 44 billion at $ 54.20 per share. Once the transaction is completed, Twitter becomes a private company.

Shortly after the announcement, Musk took to the micro-blogging page Twitter and wrote, “I hope even my worst critics stay on Twitter, because that’s what free speech means,” he tweeted.

He also shared a note on Twitter: “Freedom of speech is the foundation of a functioning democracy, and Twitter is the digital urban space where issues crucial to the future of humanity are discussed,” he said. Musk. “I also want to make Twitter better than ever by improving the product with new features. Make the algorithms open source to increase trust, defeat spambots and authenticate all people. Twitter has enormous potential – I look forward to working with the company and the community by users to unlock it. “

After Tesla’s CEO Elon Musk bought Twitter for $ 44 billion, its CEO Parag Agrawal said on Tuesday that the microblogging platform has a purpose and relevance that affects the entire world.

“Deeply proud of our teams and inspired by the work that has never been more important. I know this is a significant change and you will probably work on what this means for you and Twitter’s future,” Agrawal tweeted.

In fact, by sharing views on Musk’s freedom of speech on the Twitter statement, experts said these platforms already enable freedom of speech. What else do you want in freedom of speech.

Faisal Kawoosa, founding analyst at TechArc, told Zee Business: “I think these platforms already enable freedom of expression. These are empowering where an ordinary citizen of a country can reach out to the CEO. What else would one want in freedom of expression.

“I think we need to decode his mind and hope to see some real additions to credible conversations. Otherwise, it should not turn out to be a digital monarchy,” he added further.

When Kawoosa was asked if users should be prepared for major new changes on Twitter, Kawoosa said, “Yes, there may be new technology-driven features and functions that should help build constructive narratives.”

Decoding Elon Musk Twitter Agreement, Prabhu Ram, Head-Industry Intelligence Group (IIG), CMRtold Zee Business: “Twitter’s Q1 earnings will be reported this Thursday. So far, the company has been plagued by poor subscriber growth and declining ad consumption. For the platform itself, I do not expect any dramatic change from one day to the next at least until the Agreement becomes concluded at the end of this year. “

As a ‘free speech activist’ investor, Elon Musk’s potentially significant engagement with Twitter over time would bode well for Twitter’s overall platform health. When it comes to its earnings, Twitter Blue and other initiatives will be strengthened, “Ram added further.

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