The Insane Way Elon Musk Changed Twitter in One Week. But Why?:- It’s been a busy first week since Elon Musk took control of Twitter on October 27th. He appointed himself CEO. Make that “Chief Twit” Or Twitter complaint hotline operator.
There were plenty of complaints when Musk said people would have to start paying $8 a month to keep their blue check mark or to get one. AOC wasn’t too happy. Musk’s response to the Congresswoman? Pay up. The SpaceX and Tesla CEOs didn’t waste any time getting down to business.
He ousted Twitter’s 9 board of administrators to become the only director, although he says being a sole director is temporary. He additionally began to trim the fat and is reportedly designing on eliminating nearly 1/2 Twitter’s manpower, or 3,700 jobs, consistent with Bloomberg.
These two guys pretended to be laid-off employees…and gave their names as Rahul Ligma and Daniel Johnson to reporters who fell for their prank. But Musk did really start day one as chief of Twitter by firing top Twitter executives.
CEO Parag Agrawal got the boot So did Chief Financial Officer Ned Segal And…legal affairs and policy executive Vijaya Gadde. Gadde was reportedly instrumental in permanently banning Donald Trump from the platform for controversial tweets related to the Capitol Hill riot in January 2021.
Musk said banning the former U.S. president was “a morally bad decision”. Everyone is wondering whether the former President will be back on Twitter.
Musk mused that if he “had a dollar for each time somebody asked (him) if Trump is returning on this platform, Twitter would be minting money!” Before any massive changes, he says “Twitter are forming a content moderation council with wide numerous viewpoints.
No major content decisions or account reinstatements will happen before that council convenes.” He said the process would take “at least a few more weeks”.
Musk did get the platform as a result he’s a self-described “free speech absolutist” World Health Organization believes Twitter ought to be “the digital city square” however thinks it’s gone “too so much in squashing negative opinions.”
The ultimate straw seems to own been once Twitter suspended the city Bee, a Christian humor account that named U.S. Assistant Secretary for Health Dr. married woman Levine its “Man of the Year”. many who square measure viewed as conservative feel they’ve been below the belt targeted by Twitter.
Clinical psychologist Jordan Peterson had his account suspended over his post about transgender actor Elliot Page, formerly Ellen Page. But the suspension will not be lifted unless I delete the “hateful” tweet in question, and I would rather die than do that.
Musk replied to Peterson’s daughter that “Anyone suspended for minor & dubious reasons will be freed from Twitter jail”. Now that he’s in charge, Elon Musk won’t only be freeing people from Twitter jail. Just like his ambitions for his other companies, SpaceX and Tesla, he has far bigger plans for the platform.
In his view, Twitter is “an accelerant to creating X, the everything app.” There’s speculation that he wants to replicate the success of WeChat, which has basically become the everything app in China.
When YouTuber Steven Mark Ryan of Solving the Money Problem pointed out it’s “INSANE that Twitter has not currently implemented a YouTube clone” – Musk responded with a wink.
Could we see creators monetizing videos on Twitter? Musk polled people to ask if they wanted to bring back Vine, the short video-sharing app that Twitter shut down in 2016.
He talked about it being a possible competitor for TikTok. All these plans rely on good engineering. Musk reportedly sent in his trusted Tesla engineers to inspect Twitter’s code to assess the company’s needs.
They’ll have to tackle the problem of fake and spam accounts. In fact, Musk tried to get out of buying Twitter, believing it wasn’t worth the $44 billion he offered to take it private…due to the number of spam bots. Musk believes the way to defeat the bots while also making money for Twitter is by charging you if you want this blue check mark.
This is arguably his most disputable move throughout week one. The blue verification badge has become a standing image granted to journalists, celebrities, and politicians, a number of whom were furious once they detected they’d have to be compelled to pay $19.99 a month to stay their blue tick as reportable by The Verge.
Musk replied to associate degree sad writer King that Twitter must pay the bills somehow. And questioned if the horror author can be willing to dish out $8 instead.
He called the current system for those who have and don’t have the blue tick “BS” and that charging $8 a month for anyone who wants it would mean more “power to the people”. This would be part of the Twitter Blue subscription service which comes with other benefits.
Although Musk has long boasted that Tesla does not pay for advertising, advertising has been crucial to Twitter’s survival. General Motors temporarily pulled ads from Twitter following the takeover. Musk tried to reassure advertisers that Twitter would be a respected advertising platform.
In an open letter, he stressed that he doesn’t want Twitter to “become a free-for-all hellscape, where anything can be said with no consequences!” He also said he bought Twitter “to help humanity, whom I love.” Will people love the new Twitter? Users have begun to notice some changes.
As a result, syndicalist Sachs says portfolios got to be rebalanced, to avoid any losses. They highlight the importance of finance in real assets that have traditionally outperformed in volatile conditions.
Assets like art. And it’s why Masterworks is seeing hyperbolic demand this year. Masterworks help you to invest in multimillion-dollar paintings, from legends like sculptures.
Can’t help it, let that sink in. Twitter is now a private company and will no longer be listed on the New York stock exchange. However, millions of investors have already dropped their shares in the last few months, as it got too volatile. And their caution is well-founded; The classic 60/40 portfolio of stocks and bonds, The go-to investing method for decades, has lost around 34% this year.
As a result, syndicalist Sachs says portfolios got to be rebalanced, to avoid any losses. They highlight the importance of finance in real assets that have traditionally outperformed in volatile conditions.
Assets like art. And it’s why Masterworks is seeing hyperbolic demand this year. Masterworks help you to invest in multimillion-dollar paintings, from legends like sculptures.
You can buy shares in these paintings without owning millions yourself. These are not NFTs. Contemporary art has outpaced the S&P 500 by 131%, for the last 26 years. Even during the bull market of the last decade.
In October, Masterworks sold this painting by George Condo for a 21.5% net return. In fact, six of Masterworks’ seven sales have brought in over 20% net returns. Masterworks has a waitlist to join their 550,000-plus members.
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Information Source:-Newsthink