• 693 days Will The ECB Continue To Hike Rates?
  • 694 days Forbes: Aramco Remains Largest Company In The Middle East
  • 695 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,095 days Could Crypto Overtake Traditional Investment?
  • 1,100 days Americans Still Quitting Jobs At Record Pace
  • 1,102 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,105 days Is The Dollar Too Strong?
  • 1,105 days Big Tech Disappoints Investors on Earnings Calls
  • 1,106 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,108 days China Is Quietly Trying To Distance Itself From Russia
  • 1,108 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,112 days Crypto Investors Won Big In 2021
  • 1,112 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,113 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,115 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,116 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,119 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,120 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,120 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,122 days Are NFTs About To Take Over Gaming?
Oligarch “Traitors” Appear to Flee Russia for Dubai

Oligarch “Traitors” Appear to Flee Russia for Dubai

Hours after Putin’s speech, several…

Another Banner Year for Billionaires

Another Banner Year for Billionaires

Unsurprisingly, last year was very…

  1. Home
  2. News
  3. Breaking News

Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?

Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?

Elon Musk perhaps wants to take over Twitter for some $43 billion, but share price movements suggest that this is either being viewed as another Musk gimmick or an end-game shareholders aren’t keen on. 

Musk’s unsolicited takeover offer on Wednesday of Twitter for $54.20 a share, which is far lower than last summer’s $70/share valuation, also came with his very loud suggestions that the social media giant was not coming close to harnessing the true potential of a platform that has 200 million users daily. 

"I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy," Musk wrote. "However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form."

Earlier in April, Musk announced his purchase of a 9.1% share of Twitter, but then turned down a position on the company’s board of directors. That alone had employees nervous, according to various media reports.

By Thursday afternoon, Musk was already starting to downplay his takeover bid, suggesting that he was “not sure” he would actually be able to buy the company, validating those skeptics who saw this as another potential publicity stunt. 

Not everyone’s on edge. Republicans will be cheering Musk on because he is calling for less moderation and no permanent bans, simply “time-outs” for bad behavior on Twitter. Democrats will view this as open season on the spreading of disinformation and hate speech. 

Musk describes himself as a “free speech absolutist”. Giving him control of a platform with 200 million daily uses could arguably turn Twitter into a free speech platform in the extreme. Musk proclaimed that this wasn’t about money, but about creating a social media platform that is an “inclusive arena for free speech”. 

“Twitter has become sort of the de facto town square, so it’s really important that people have both the reality and the perception that they’re able to speak freely within the bounds of the law,” Musk told a TED 2022 conference on Thursday. 

In the end, the question really is whether human beings are evolved enough for a Musk-style free speech platform and the answer to that question boils down to pure politics and a very partisan understanding of what democracy is and how it is fostered. 

Twitter employees are chiming in on whether Musk is a threat to social-media-induced ‘democracy’ or its main poster child.

One Twitter employee told TIME that while Musk’s “goals are aligned with ours in that we are certainly interested in protecting democracy”, his idea of bringing more free speech to the platform was naive.  

“If you look historically, there have been a lot of platforms founded on this free speech principle, but the reality is that either it becomes a cesspool that people don’t want to use, or they realize that there is actually the need for some level of moderation,” the employee told TIME.

Back to homepage

Leave a comment

Leave a comment