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Elon Musk: Ambitious to comprehensively reform Twitter, put open source code on GitHub

In an interview with TED, billionaire Elon Musk shared his “total attack” plan to help Twitter transform if his acquisition proposal succeeds.

Elon Musk makes the community “Shaken”

Yesterday (April 14, 2022), Elon Musk, CEO of Tesla and SpaceX made the financial world, cryptocurrency market and technology world “shaken” when announcing the official proposal. acquired 100% of Twitter shares at the price of 54.20 USD/share, equivalent to about 43 billion USD. Before that, Elon Musk owned 9.2% of Twitter shares and was the largest individual shareholder.

Elon Musk owned 9.2% of Twitter shares and was the largest individual shareholder.
Elon Musk owned 9.2% of Twitter shares and was the largest individual shareholder.

Through the filing he submitted to the SEC, his decision to buy all of Twitter because the company has great potential, but the current apparatus is not really effective and does not help Twitter achieve its mission as a place of freedom of speech. discussion globally.

Elon Musk reveals many things on stage TED2022

However, the reason for the acquisition of Twitter was shared in more detail by billionaire Elon Musk during his talk on stage at TED2022 in Vancouver, Canada, late yesterday (April 14, 2022). Musk said:

“At present, Twitter is already a ‘square’ where people have the right to free speech within the limits of the law. However, I think Twitter should become a comprehensive “arena” where people are completely free to express their views and thoughts.”

Elon Musk reveals many things on stage TED2022
Elon Musk reveals many things on stage TED2022

This is also completely understandable because this technology giant has many times got into trouble with the authorities because of its own tweets. Therefore, for someone who aspires to freedom of speech like Elon Musk, it is completely normal to want to buy Twitter to “rescue” himself and the world.

Specifically, many times before, Musk got into trouble with the SEC when he was sued by this agency for posting false information, such as the Tesla stock case in 2018. Just because of one tweet, Musk lost his life. several tens of millions of dollars. Musk shared about the SEC investigation in 2018 that really troubled him.

At that time, although the capital was secured, the company’s financial resources were still quite precarious. Therefore, immediately after the SEC touched the neck, the banks announced that they would stop providing capital if they did not settle with the SEC. And if the circulating capital is cut off at that time, Tesla will face the risk of bankruptcy. In a situation like “putting a gun to my child’s head”, I was forced to give in to the SEC and pay a fine of 40 million USD“. Musk shared.

Musk is a figure that influences the market both positively and negatively.
Musk is a figure that influences the market both positively and negatively

Musk is a figure that influences the market both positively and negatively, even burning his own money many times with his tweets.

Plan to rip off Twitter if the acquisition offer is approved

On the stage of TED2022, Musk also revealed his plan to transform the social media giant, including turning the Twitter source code into open source, subject to community supervision. Musk said:

The source code has to be on GitHub to be easily testable, and Twitter has to be truly a completely public platform. I think this is extremely important to the democracy of the United States and many other countries.

At the end of March 2022, this billionaire also polled Twitter users about freedom of speech and wondered if Twitter really complied with this.

Plan to rip off Twitter if the acquisition offer is approved
Plan to rip off Twitter if the acquisition offer is approved

The next innovation that Musk wants to focus on is the editing feature aimed at ensuring users’ freedom of speech. He shared that he won’t edit his own tweets but the community should know if anyone does with their tweets. Perhaps having struggled with his tweets many times, he wanted Twitter to remain functional and compliant with US laws but not be manipulated by any one party including the Government. Musk said of free speech as follows:

A good sign of free speech is that for someone you don’t like, you are free to speak your mind, that’s a healthy free person.”

Musk also emphasized that although he has the financial capacity to buy Twitter outright, he wants to keep as many shareholders as possible because according to Musk, he bought Twitter simply for the benefit of users. Interestingly, Justin Sun also intends to buy all of Twitter and is willing to pay $60 per share, but he fully supports Elon Musk’s reforms and eagerly awaits the day Twitter becomes friendly. blockchain-friendly as well as Web3.