Tesla and Spacex CEO Elon Musk has joined Twitter’s board of administrators and promised to “make important enhancements” to the social media platform. Some adjustments he’s contemplating embrace including an edit button and fixing the crypto spam bot downside, which he sees because the “single most annoying downside on Twitter.”
Elon Musk Joins Twitter’s Board of Administrators
After disclosing Monday that he has taken a 9.2% stake in Twitter Inc., Tesla and Spacex CEO Elon Musk has joined Twitter’s board of administrators, in line with the social media large’s submitting with the U.S. Securities and Alternate Fee (SEC). Musk is now Twitter’s largest shareholder.
Twitter CEO Parag Agrawal tweeted welcoming Musk to his firm’s board. The Tesla boss replied: “Wanting ahead to working with Parag & Twitter board to make important enhancements to Twitter in coming months!”
Former Twitter CEO Jack Dorsey tweeted: “I’m actually pleased Elon is becoming a member of the Twitter board! He cares deeply about our world and Twitter’s function in it. Parag and Elon each lead with their hearts, and they are going to be an unimaginable group.”
Musk Guarantees to Make Main Enhancements to Twitter
Following Musk’s Twitter funding, many individuals flooded the Tesla CEO’s tweets with their concepts on how you can enhance Twitter.
Some strategies concern crypto spam bots. “Elon, it is advisable do one thing about these crypto spam bots,” one individual wrote. “They’re getting actually annoying. Enhancing the verification system to show that you just’re an precise *actual* human would assist with this.” Musk concurred, emphasizing that in his opinion, that is the “single most annoying downside on Twitter.”
This was not the primary time Musk has voiced considerations concerning the crypto spam bot downside. Crypto spam posts incessantly seem on Musk’s tweet threads, and plenty of of them promote crypto giveaway scams. Scammers typically capitalize on Musk’s recognition, that includes him and his corporations freely giving bitcoin and different cryptocurrencies.
Musk tweeted on Feb. 1, 2020: “The crypto rip-off stage on Twitter is reaching new ranges. This isn’t cool.” His assertion was made in response to a remark that “Even verified accounts are actually being hacked and pushing faux bitcoin scams.”
Dogecoin co-founder Billy Marcus estimated on March 25:
I feel crypto spam bots make up 40% of Twitter.
In addition to the crypto spam bot downside, Musk is wanting into including an edit button to tweets. He arrange a ballot Monday asking his 80.6 million followers, “Would you like an edit button?” The CEO of Twitter confused: “The results of this ballot shall be necessary. Please vote fastidiously.” Over 4.4 million votes have been counted and 73.6% stated sure.
Twitter person Liz Wheeler argued in opposition to having an edit button. She opined: “What if a tweet goes viral, plenty of retweets & tens of millions of impressions, & then the writer fully adjustments the that means? Not only a grammatical repair, however a complete ideological change? Or shameless self-promote?”
The CTO of Meta, previously Fb, chimed in: “We solved this on Fb a very long time in the past. You simply embrace an indicator that it has been edited together with a change log. If you’re actually apprehensive about embeds they will level to a particular revision in that historical past however with a hyperlink to the most recent edit. Not an actual challenge.” Nevertheless, Musk replied, “Fb offers me the willies.”
Another strategies concern Twitter’s reality checking, election management, and bringing again banned customers, resembling former U.S. President Donald Trump.
Musk stated on the finish of March that he needed to construct a social media platform that focuses on free speech as a high precedence. “On condition that Twitter serves because the de facto public city sq., failing to stick to free speech rules essentially undermines democracy,” he described.
There Are Some Skeptics
Not everyone seems to be assured that Musk will enhance Twitter. Relating to free speech, Bloomberg revealed an opinion piece Monday claiming that “Musk’s Twitter funding may very well be unhealthy information at no cost speech.”
One Twitter person expressed his doubt that Musk will make adjustments that profit everybody, asserting that the Tesla boss “appears self-centered.” A distinct person stated he’ll give up Twitter if Musk is in management.
Some individuals within the crypto group identified that Musk’s promise to enhance Twitter is a show of the issue with the proof-of-stake (PoS) consensus mechanism, citing its obvious weak point of being managed by the wealthy. One wrote:
Elon is displaying you ways straightforward it’s to regulate a PoS community.
Do you assume Elon Musk will enhance Twitter? What adjustments do you need to see taking place? Tell us within the feedback part under.
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Source: Bitcoin News