Over the last week, SpaceX and Tesla founder Elon Musk arranged $46.5 billion in financing to follow through on his unsolicited offer to Twitter’s board to buy the social media site from them. This afternoon, the board accepted Musk’s offer to buy the company for $54.20 a share.
Long a Twitter power user/troll/loudmouth, Musk bought a 9.2 percent stake in the company last month, becoming the largest shareholder, before deciding he’d rather have the whole thing.
Cue hysteria! Musk haters have taken to the site to declare that Donald Trump will now probably win the 2024 election, that Musk’s bid is really about white power, that Section 230 must be reformed, and that, yes, Musk’s new policies will be lethal. (Perhaps the death toll will be even larger than net neutrality‘s!)
So, for users of the platform, what’s likely to change?
Musk has panned the site’s existing content moderation policies, saying they are too restrictive and encroach on people’s ability to speak freely without being censored. Some liberalization of these policies and the re-platforming of controversial figures like former President Donald Trump—who was banned in the wake of the January 6 riot for inciting violence among his fans—seems likely, though unpopular with droves of users.