It is one of the most burning questions in the current digital world due to the significance of Elon Musk’s personality and his impact on the global economy and crypto markets. As Elon Musk is known due to his different approach to running a business and managing the organizations, many people expect that as a Twitter CEO, he can be a pleasant yet change for Twitter and its users.
What surprised the world?
To everyone’s surprise, it was one of the biggest news that Elon Musk would be the next CEO of Twitter, at least temporarily. Only a few days ago, many news agencies reported that Elon Musk would take over as a Twitter CEO. This news was taken quite seriously in the market. However, it is also news that Musk will take over Twitter only for a few months after the acquisition closes.
The current CEO of Twitter is Parag Agarwal. He took over the seat of CEO only a few months ago, in November 2021. It means Agarwal has been a Twitter CEO only for six months or less. Maybe the reason is the financial benefit that Twitter can get from Elon Musk who is ready to acquire Twitter after paying $44 billion. Earlier, the experts were expecting that deal would close in April.
However, it could not happen due to some conflicts between the parties. One of the reasons was the fake accounts that would help develop fake trends and change opinions. Now, it looks like the situation has been settled. However, even then, there is no official confirmation from any of the parties, and the wait-and-see policy is under observation.
The impact of Elon Musk’s personality on Twitter policies
Many experts believe and claim that with Musk acquiring the company and now set to take over as CEO, it’s increasingly likely that Twitter will take a different direction.
It’s also likely that given Musk’s views on free speech; we’ll see less content moderation on the app than under Agrawal’s leadership.
Only time will tell if this is a good thing, and much will depend on Twitter’s current content moderation policy. But with Musk reportedly running Twitter for the first few months following the completion of the acquisition, a reduction in content moderation now seems certain.
Given Musk’s commitments to Tesla and SpaceX, of which he is also the CEO, big tech watchers had speculated that he would have to hand over leadership of Twitter. Today, it looks like it could happen, but not right away.
An increasingly likely acquisition
And the acquisition itself also seems to be on firmer footing these days. Another SEC filing (Thursday) says Musk has secured more than $7 billion in funding from investors for his acquisition. The filing also mentions Jack Dorsey, the former CEO and co-founder of Twitter. It indicates that Musk is discussing with Dorsey the “possibility of tendering” his shares “at or just before the closing of the merger”. CNBC’s Faber said Dorsey could back the acquisition.
If so, that would line up with Dorsey’s recently tweeted support for Musk’s takeover. And that would make the changes Musk hinted at on the platform more likely.
Overall, change in the Twitter leadership has always been big news for the digital world. After its impact on global trending and social media influence on different news globally.
However, when people learned that Elon Musk would be the new CEO of Twitter. It had a great impact on the overall digital and business world. And this excitement still continues because Elon Musk is still waiting due to some issues behind the doors. Although we do not know the reason, we are still like you, who think Elon Musk will introduce drastic changes in the policies after becoming Twitter CEO.