Elon Musk, the CEO of Tesla and SpaceX, has disclosed his goals for improving Twitter if he is successful in assuming control of the social media platform. Eliminating crypto spam bots, ensuring free expression, implementing edit functionality, and simplifying the user verification process is among his objectives.
Objectives for Twitter Development by Elon Musk
Elon Musk, the CEO of Tesla and SpaceX, has revealed his ambitions for improving Twitter if his attempt to purchase the social media behemoth is successful.
Musk stated that he will concentrate on “serious challenges.” Twitter’s algorithm should be open source, scam bots should be eliminated, the free expression should be respected, and the account verification procedure should be simplified, according to the tweet. Each of these enhancements was previously discussed in further depth by Tesla’s CEO.
Phishing Goons in Cryptocurrency
Phishing goons are a serious problem on Twitter. Tesla CEO Elon Musk claimed earlier this month that crypto spam bots are the “single most aggravating problem on Twitter.”
“If our Twitter bid succeeds, we will fight the phishing goons or die trying!” Musk tweeted on Thursday. He went on to say that he will “authenticate all actual beings.”
Freedom of Expression, Editing Capabilities, and Dogecoin Payment
This month, he also talked about tweet edit capabilities in-depth, as well as ran a poll asking his Twitter followers if they want an edit button. More than 4.4 million votes were counted, with 73.6 percent voting yes.
Musk is also a huge supporter of free expression. In March, he began addressing questions from his Twitter followers about creating a social media site that prioritized free speech. “Because Twitter has become the de facto public town square, failing to adhere to free speech rules weakens democracy fundamentally.” “How should we proceed?” At the moment, Musk inquired.
Musk also suggested that Dogecoin (DOGE) be accepted as a payment method for the Twitter blue service. He is a proponent of the meme cryptocurrency. Dogecoin, he argues, is the people’s cryptocurrency and is best suited for commerce. Tesla, his electric car firm, now accepts DOGE as payment for some items.
Earlier this month, Tesla CEO Elon Musk bought a 9.2% stake in Twitter Inc. He was set to join the board of directors of the social media behemoth, promising to make “major reforms,” but later decided against it.
According to a filing with the United States Securities and Exchange Commission, Musk then made an offer to buy 100% of Twitter for $54.20 per share in cash (SEC). Twitter, on the other hand, reacted by implementing a “poison pill” shareholder rights plan with a short-term duration. Musk announced this week that he has secured $46.5 billion in funding to support his bid to buy Twitter and take it private.
Also Read: Elon Musk has an Idea Twitter could Use DOGE as a Means of Payment
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