Bitcoin News and Finance Tesla CEO Elon Musk Reveals How He Will Improve Twitter if Bid Succeeds Skip to main content

Tesla CEO Elon Musk Reveals How He Will Improve Twitter if Bid Succeeds

Tesla CEO Elon Musk Reveals How He Will Improve Twitter if Bid Succeeds

Tesla and Spacex CEO Elon Musk has revealed his priorities for improving Twitter if he successfully takes over the social media platform. Among his promises are to eliminate crypto spam bots, ensure free speech, implement edit functionality, and simplify the account verification process.

Elon Musk’s Twitter Improvement Priorities

Elon Musk, the CEO of Tesla and Spacex, has shared how he plans to improve Twitter if his bid to buy the social media giant succeeds.

Musk agreed to a tweet Friday stating that he will focus on solving “real problems.” The tweet specifically mentions making Twitter’s algorithm open source, eliminating scam bots, adhering to free speech, and simplifying the account verification process. The Tesla boss has previously addressed each of these improvements in greater detail.

Crypto Spam Bots Problem

A major problem on Twitter concerns spam bots. Earlier this month, the Tesla boss said that in his opinion, crypto spam bots are the “single most annoying problem on Twitter.”

Musk tweeted Thursday: “If our Twitter bid succeeds, we will defeat the spam bots or die trying!” He added that he will also “authenticate all real humans.”

Edit Functionality, Dogecoin Payment, Free Speech

He also discussed tweet edit functionality in some detail this month, in addition to conducting a poll asking his Twitter followers if they want an edit button. More than 4.4 million votes were counted and 73.6% indicated that they do.

Free speech is another big focus for Musk. He began fielding his Twitter followers in March about having a social media platform with free speech as a priority. “Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy. What should be done?” Musk asked at the time.

In addition, Musk also suggested making dogecoin (DOGE) a payment option for the Twitter blue service. He has been a supporter of the meme cryptocurrency. He believes that dogecoin is the people’s crypto and is best suited for transactions. His electric car company, Tesla, currently accepts DOGE for some merchandise.

The Tesla CEO acquired a 9.2% stake in Twitter Inc. earlier this month. Promising to make “significant improvements” to Twitter, he was going to join the social media giant’s board of directors but later decided not to.

Musk proceeded to offer to buy 100% of Twitter for $54.20 per share in cash, according to his filing with the U.S. Securities and Exchange Commission (SEC). However, Twitter responded by adopting a limited duration shareholder rights plan, often called a “poison pill.” This week, Musk said he has lined up $46.5 billion to fund his offer to buy Twitter and take the company private.

What do you think about Elon Musk’s plan to improve Twitter? Do you want the Tesla CEO to take over the social media platform? Let us know in the comments section below.

Comments

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl...

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju...

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and...

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r...
Blogarama - Blog Directory