Elon Musk buys Twitter and reaches a deal of USD 44bn. This has been an ongoing investment deal and will give the richest man in the world personal control of the world’s most influential social media platforms.
Concerns that go around such influential tech companies is the issue of accountability and freedom of speech.
Jen Psaki, White House Press Secretary, says “What I can tell you is a general matter, no matter who owns or runs Twitter, the President has long been concerned about the power of large social media platforms and the power they have, over our everyday lives. Has long argued that tech platforms, must be held accountable for the harm they cause. He’s been a strong supporter of fundamental reforms to achieve that goal.”
In response to his views on freedom of speech, Elon Musk tweeted “By ‘free speech,’ I simply mean that which matches the law. I am against censorship that goes far beyond the law. If people want less free speech, they will ask the government to pass laws to that effect. Therefore, going beyond the law is contrary to the will of the people.”
Money indeed speaks power, and because Twitter is one of the most influential platforms, there’s both fear and excitement at the unavoidable fact that Elon Musk is not just a businessman but the richest man in the world.
The discussion continues on Twitter as we watch wealth and technology merge.