Following the completion of the Twitter deal, Elon Musk will reportedly replace Parag Aggarwal as the new CEO of the social media platform Twitter.
The world’s richest man shared many of his intentions on Twitter as the Elon Musk era got underway. The announcement of the lifting of platform lifetime bans was his first choice.
Donald Trump, the former president, has not yet been officially unbanned, according to any announcement. Musk has already said he will lift the ban on Donald Trump. On social media, a message praising Musk that purported to be from Trump went viral. But it turned out to be false information.
Musk asserts that he wants to loosen Twitter’s restrictions. He asserts that far-left and far-right organizations are fighting on Twitter.
Experts predict that Trump will rejoin Twitter more than before. Ned Segal, Twitter’s CFO, and Vijaya Gadde, its director of legal policy, were both let go by Musk.
He also intends to address the bot problem that is affecting social media. Also according to Musk, Twitter’s algorithm will be made public and made open-source. According to reports, Tesla engineers are also looking into the Twitter source code. According to some stories, Twitter staff were unable to make any modifications to their codebase since they were locked out of it.
Elon Musk is receiving praise from many of the key platform users for implementing the modifications. On Friday, there won’t be any stock market trading of Twitter’s shares. However, its share price is quite close to Musk’s offer of $54.20 a share. The price is currently $53.70.
Elon Musk’s Twitter transaction will include a $500 million contribution from Binance CEO and founder Changpeng Zhou. The first cryptocurrency company to contribute to this agreement is Binance.
