empty
26.04.2022 06:07 PM
Elon Musk will buy Twitter for $ 44 billion – is it good or bad?

As it became known, Tesla CEO Elon Musk will become the next owner of Twitter, paying about $ 44 billion for it. Now users are wondering how he will fulfill his promises to develop new functions by opening his algorithm to the public. Musk also recently announced that he plans to make the most honest social network with freedom of speech - and this scares investors very much. In a press release, it was noted that "authentication of all users" will be carried out in the near future. What exactly Musk meant by this phrase is still unclear.

This image is no longer relevant

Some experts who have studied content moderation and researched Twitter for years have expressed doubt that Musk knows exactly what he is getting into. Now many fairly young startups are focused on freedom of speech, and why it was necessary to pay so much money for an established social network is unknown.

There are also a lot of questions about who were those other bidders who never appeared in public. This suggests that other potential buyers have found Twitter too difficult to improve. Given that the social network is no different from many other platforms that have appeared in the last ten years, most likely, it will be quite difficult for Musk to upgrade it with innovations.

Musk's approach to non-interference in content moderation is already causing many users to fear that the platform will become more of a haven for disinformation, hate speech, and bullying, which moderators have been diligently resisting lately. Wall Street analysts say that if Elon goes too far, it may even alienate potential advertisers.

After confirming the purchase of the social network, shares of Twitter Inc. rose more than 5% on Monday, to $ 51.70 per share. Since the news that Musk was interested in Twitter, the stock has risen by more than 30%. As noted above, Musk recently called himself an "absolutist of freedom of speech," but many remember him blocking other Twitter users who ask him inappropriate questions or disagree with him. We will find out how the Twitter history will be written very soon.

Jakub Novak,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Stock Market Outlook for March 21st: S&P 500 and NASDAQ Under Pressure Again

At the close of yesterday's regular trading session, U.S. stock indices ended in the red. The S&P 500 fell by 0.22%, while the Nasdaq 100 lost 0.33%.Asian stock indices also

Jakub Novak 10:46 2025-03-21 UTC+2

US market in consolidation phase. Trump seeks Senate backing for Iran strikes

S&P 500 Overview for March 21 The US market entered a phase of consolidation on Thursday as it struggled to define its next direction. Major US indices on Thursday

Jozef Kovach 10:10 2025-03-21 UTC+2

Federal Reserve throws lifebuoy to stock market

The wave structure on the 24-hour chart for #SPX is fairly clear. The first and most important point is the large-scale five-wave structure, which is so wide that it barely

Chin Zhao 09:21 2025-03-21 UTC+2

US market rallies as Fed holds rates steady

S&P500 Overview for March 20 The US market rallied as the Fed left interest rates unchanged. Key US indices on Wednesday: Dow: +0.9%, NASDAQ: +1.4%, S&P 500: +1.1% (S&P

Jozef Kovach 11:19 2025-03-20 UTC+2

US stock market on March 20: S&P 500 and Nasdaq regain their footing

US stock indices ended the day with solid gains. The S&P 500 climbed by 1.1% and the Nasdaq 100 closed 1.41% up. At the moment, S&P 500 futures

Jakub Novak 09:30 2025-03-20 UTC+2

S&P 500 Forecast for March 20, 2025

The S&P 500 experienced a positive trading session yesterday and has started today on a strong note. However, the entire rally since March 14 still appears to be a correction

Laurie Bailey 03:37 2025-03-20 UTC+2

US market overview: pullback after growth. Focus on Fed. No rate change expected

S&P 500 Market overview on March 19 US Market: Pullback. Consolidation. Focus on Fed. Major US indices on Tuesday: Dow -0.6%, NASDAQ -1.7%, S&P 500 -1.1%, S&P 500 5,614, range

Jozef Kovach 10:57 2025-03-19 UTC+2

Stock market overview on March 18: S&P 500 and Nasdaq rise for second day

US stock indices closed with solid gains yesterday. The S&P 500 rose by 0.64%, while the Nasdaq 100 added 0.31%. Asian stocks are also up for the third day, driven

Jakub Novak 12:11 2025-03-18 UTC+2

US stock market: two days of gains from support levels

S&P500 US stock market: two days of gains from support levels Snapshot of major US indices on Monday: Dow Jones: +0.9% NASDAQ: +0.3% S&P 500: +0.6% (closed at 5,675; range

Jozef Kovach 11:18 2025-03-18 UTC+2

Stock market analysis on March 17: S&P 500 and Nasdaq remain under pressure

Futures on US stock indices declined after Treasury Secretary Scott Bessent called the recent market drop "favorable," reinforcing expectations that the Trump administration is unlikely to intervene to stop

Jakub Novak 13:49 2025-03-17 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.