Home Technology Elon Musk Says Twitter Won’t Become a ‘Hellscape,’ as Stock Trading Freezes Ahead of Deal

Elon Musk Says Twitter Won’t Become a ‘Hellscape,’ as Stock Trading Freezes Ahead of Deal

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Elon Musk Says Twitter Won’t Become a ‘Hellscape,’ as Stock Trading Freezes Ahead of Deal

Look if the internet where I have to repeatedly use this stock image isn’t already a hellscape, I don’t know what is.

Everyone’s favourite unbearable billionaire is right here to reassure the web. Under his (pending) management, Twitter won’t turned a “free-for-all hellscape,” Elon Musk stated in a tweet composed of screenshots on Thursday. What he’s seemingly forgotten, nevertheless, is that Twitter is already a hellscape.

The multi-paragraph assertion, directed typically to “advertisers” outlined Musk’s alleged true motivation for purchasing Twitter. “I didn’t do it because it would be easy. I didn’t do it to make more money. I did it to try to help humanity, whom I love,” he wrote. Which feels greater than somewhat self-aggrandizing and melodramatic, contemplating a lot of the problem the Tesla CEO has confronted all through the acquisition course of has been clearly self imposed.

In extra particular phrases, Musk reaffirmed his “free speech” imaginative and prescient of Twitter as a “common digital town square, where a wide range of beliefs can be debated.” However, the publish did appear to be one of many first cases of Mr. SpaceX immediately acknowledging the need of guard rails (i.e. moderation) and abiding by the legislation. He famous that the location can’t be an area “where anything can be said with no consequences,” and hinted a model of the platform the place customers can decide in or out of some type of free speech zone. “Our platform musk be warm and welcoming to all, where you can choose your desired experience according to your preferences,” Musk wrote.

Considering the publish was addressed to advertisers, plainly the world’s richest man is taking preemptive steps to reassure funders that they gained’t be buying ad-space on the equal of 8chan. However, Twitter has been slipping on the ad-attracting entrance by itself. A current inner report from the corporate famous that, amid a lack of heavy customers, pornography and cryptocurrency have change into the quickest rising website sectors—each content material classes that advertisers are sometimes reluctant to be related to.

Yet, firm struggles apart, the will-he-won’t-he saga of Musk’s embattled Twitter acquisition seems prefer it will *in all probability* be coming to some type of conclusion on Friday. Last week, Musk appeared keen to finish the deal in a name with Tesla shareholders. Just yesterday, he waltzed into Twitter headquarters carrying a sink as a part of a cringeworthy bit. On Thursday, Twitter shares were frozen at around $53.94 forward of the assumed-purchase. Musk’s $44 billion provide is about to undergo, netting buyers $54.20 per share.

The Delaware choose presiding over Twitter’s lawsuit towards Musk beforehand set an October 28 deadline for a finalized deal. If all goes as anticipated tomorrow, the authorized proceedings will finish together with this month’s lengthy roller-coaster experience.

Unfortunately, for Twitter staff, the journey is probably going simply starting. Workers on the firm had been incensed by Musk’s threats of 75% layoffs, and despatched a letter to the board calling the billionaire “reckless,” earlier this week. Musk since acknowledged that he wouldn’t truly be chopping three-fourths of the corporate. But you by no means know, he’s flip-flopped earlier than.


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https://gizmodo.com/elon-musk-twitter-stocks-advertisers-1849709610