Tesla and Spacex CEO Elon Musk has joined Twitter’s board of administrators and promised to “make important enhancements” to the social media platform. Some modifications he’s contemplating embody including an edit button and fixing the crypto spam bot drawback, which he sees because the “single most annoying drawback on Twitter.”
Elon Musk Joins Twitter’s Board of Administrators
After disclosing Monday that he has taken a 9.2% stake in Twitter Inc., Tesla and Spacex CEO Elon Musk has joined Twitter’s board of administrators, based on the social media big’s submitting with the U.S. Securities and Trade Fee (SEC). Musk is now Twitter’s largest shareholder.
Twitter CEO Parag Agrawal tweeted welcoming Musk to his firm’s board. The Tesla boss replied: “Trying ahead to working with Parag & Twitter board to make important enhancements to Twitter in coming months!”
Former Twitter CEO Jack Dorsey tweeted: “I’m actually comfortable Elon is becoming a member of the Twitter board! He cares deeply about our world and Twitter’s position in it. Parag and Elon each lead with their hearts, and they are going to be an unimaginable workforce.”
Musk Guarantees to Make Main Enhancements to Twitter
Following Musk’s Twitter funding, many individuals flooded the Tesla CEO’s tweets with their concepts on find out how to enhance Twitter.
Some options concern crypto spam bots. “Elon, you’ll want to do one thing about these crypto spam bots,” one particular person wrote. “They’re getting actually annoying. Enhancing the verification system to show that you simply’re an precise *actual* human would assist with this.” Musk concurred, emphasizing that in his opinion, that is the “single most annoying drawback on Twitter.”
This was not the primary time Musk has voiced considerations concerning the crypto spam bot drawback. Crypto spam posts continuously seem on Musk’s tweet threads, and plenty of of them promote crypto giveaway scams. Scammers typically capitalize on Musk’s recognition, that includes him and his firms freely giving bitcoin and different cryptocurrencies.
Musk tweeted on Feb. 1, 2020: “The crypto rip-off degree on Twitter is reaching new ranges. This isn’t cool.” His assertion was made in response to a remark that “Even verified accounts are actually being hacked and pushing pretend bitcoin scams.”
Dogecoin co-founder Billy Marcus estimated on March 25:
I feel crypto spam bots make up 40% of Twitter.
Apart from the crypto spam bot drawback, Musk is wanting into including an edit button to tweets. He arrange a ballot Monday asking his 80.6 million followers, “Would you like an edit button?” The CEO of Twitter careworn: “The results of this ballot can be vital. Please vote fastidiously.” Over 4.4 million votes had been counted and 73.6% mentioned sure.
Twitter person Liz Wheeler argued in opposition to having an edit button. She opined: “What if a tweet goes viral, a number of retweets & hundreds of thousands of impressions, & then the writer fully modifications the which means? Not only a grammatical repair, however a complete ideological change? Or shameless self-promote?”
The CTO of Meta, previously Fb, chimed in: “We solved this on Fb a very long time in the past. You simply embody an indicator that it has been edited together with a change log. In case you are actually anxious about embeds they’ll level to a particular revision in that historical past however with a hyperlink to the newest edit. Not an actual problem.” Nonetheless, Musk replied, “Fb provides me the willies.”
Another options concern Twitter’s truth checking, election management, and bringing again banned customers, similar to former U.S. President Donald Trump.
Musk mentioned on the finish of March that he needed to construct a social media platform that focuses on free speech as a high precedence. “Provided that Twitter serves because the de facto public city sq., failing to stick to free speech ideas essentially undermines democracy,” he described.
There Are Some Skeptics
Not everyone seems to be assured that Musk will enhance Twitter. Relating to free speech, Bloomberg printed an opinion piece Monday claiming that “Musk’s Twitter funding could possibly be unhealthy information without cost speech.”
One Twitter person expressed his doubt that Musk will make modifications that profit everybody, asserting that the Tesla boss “appears self-centered.” A special person mentioned he’ll stop Twitter if Musk is in management.
Some individuals within the crypto neighborhood identified that Musk’s promise to enhance Twitter is a show of the issue with the proof-of-stake (PoS) consensus mechanism, citing its obvious weak spot of being managed by the wealthy. One wrote:
Elon is displaying you the way simple it’s to regulate a PoS community.
Do you suppose Elon Musk will enhance Twitter? What modifications do you wish to see taking place? Tell us within the feedback part under.
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