Monday, November 28, 2022

Tesla CEO Elon Musk Reveals How He Will Improve Twitter if Bid Succeeds – Featured Bitcoin News

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Tesla and Spacex CEO Elon Musk has revealed his priorities for improving Twitter if he successfully takes over the social media platform. Among his promises are to eliminate crypto spam bots, ensure free speech, implement edit functionality, and simplify the account verification process.

Elon Musk’s Twitter Improvement Priorities

Elon Musk, the CEO of Tesla and Spacex, has shared how he plans to improve Twitter if his bid to buy the social media giant succeeds.

Musk agreed to a tweet Friday stating that he will focus on solving “real problems.” The tweet specifically mentions making Twitter’s algorithm open source, eliminating scam bots, adhering to free speech, and simplifying the account verification process. The Tesla boss has previously addressed each of these improvements in greater detail.

Crypto Spam Bots Problem

A major problem on Twitter concerns spam bots. Earlier this month, the Tesla boss said that in his opinion, crypto spam bots are the “single most annoying problem on Twitter.”

Musk tweeted Thursday: “If our Twitter bid succeeds, we will defeat the spam bots or die trying!” He added that he will also “authenticate all real humans.”

Edit Functionality, Dogecoin Payment, Free Speech

He also discussed tweet edit functionality in some detail this month, in addition to conducting a poll asking his Twitter followers if they want an edit button. More than 4.4 million votes were counted and 73.6% indicated that they do.

Free speech is another big focus for Musk. He began fielding his Twitter followers in March about having a social media platform with free speech as a priority. “Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy. What should be done?” Musk asked at the time.

In addition, Musk also suggested making dogecoin (DOGE) a payment option for the Twitter blue service. He has been a supporter of the meme cryptocurrency. He believes that dogecoin is the people’s crypto and is best suited for transactions. His electric car company, Tesla, currently accepts DOGE for some merchandise.

The Tesla CEO acquired a 9.2% stake in Twitter Inc. earlier this month. Promising to make “significant improvements” to Twitter, he was going to join the social media giant’s board of directors but later decided not to.

Musk proceeded to offer to buy 100% of Twitter for $54.20 per share in cash, according to his filing with the U.S. Securities and Exchange Commission (SEC). However, Twitter responded by adopting a limited duration shareholder rights plan, often called a “poison pill.” This week, Musk said he has lined up $46.5 billion to fund his offer to buy Twitter and take the company private.

Tags in this story
crypto scam bots, Crypto Scams, crypto spam bots, Doge, dogecoin, Elon Musk, elon musk buys twitter, elon musk twitter, elon musk twitter improvements, elon musk twitter priorities, elon musk twitter takeover, poison pill, spam bots

What do you think about Elon Musk’s plan to improve Twitter? Do you want the Tesla CEO to take over the social media platform? Let us know in the comments section below.

Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.




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