Hate speech is on the rise, according to human rights organizations. A lack of moderation could lead to an increase in hate speech. Musk needs to balance his desire for freedom of speech in the modern age, which is a difficult task, to say the least.
Many Twitter users have also made other inquiries. Whether this means that accounts that got suspended would get reinstated?
Trump got banned in January 2021 for allegedly spreading false information. Since then he hasn’t gotten permission to return. So, the Republican politician launched Truth Social. This was an alternate for Twitter.
“He has been permanently suspended… due to the risk of further incitement of violence,” according to a statement from the company.
But Twitter CEO Parag Agrawal has broken his silence on the subject. The new owner would decide whether to continue with Trump’s ban.
A New York Times report claims that Agrawal deferred the question by an employee. He said that Musk would answer the question once he took over the company.
“We are constantly refining our policies,” he explained.
“Once the transaction is completed, we will have no idea in which direction the company will go.”
According to a report in the New York Times, Musk’s takeover
“could have a seismic effect on American politics over the long run.” But, there is one way in which the Tesla CEO could have an immediate impact. By bringing Donald J. Trump back to the White House.”
According to the publication, the former president has the ability to cut both ways.
According to Blake Hounshell, a reporter for the New York Times On Politics,
“though people who have been the target of the former president’s Twitter attacks would prefer that he stay off the platform, voters have consistently told pollsters that they disapprove of Mr. Trump’s tweets, so his presence could also work to the benefit of Democrats, who are in desperate need of a villain.”
Trump told Fox News that he will not be returning to the social media platform. This was after his account got reinstated. This comes on the heels of Twitter announcing that it had accepted Tesla owner Elon Musk’s offer. The deal was for $54.20 per share, valuing the social media platform at $44 billion.
Following the deal, speculation was that Trump would return to Twitter. Yet, it appears that he is not interested. Instead, he joined his own Truth Social platform over the next seven days instead.
The company maintained Trump’s account despite his previous violations of the platform’s rules. As part of its special guidance for world leaders and information of public interest.
The shares of Digital World Acquisition Corp., fell 9.5 percent today. This happened after Twitter announced the deal with Musk. Digital World announced a deal in October to get Trump Media & Technology Group. Truth’s shaky start may cause Trump to reconsider his decision to rejoin Twitter in the future.
The Truth Social iOS app got released in February. It got developed by Trump’s media organization. It was unavailable to users for an extended period of time. Truth is being promoted as a viable alternative to social media behemoths. Such as Twitter and Facebook, among others. If Trump posts on Truth on a regular basis this week. Then this will mark his first public appearance since getting banned. So far, he has only made a single post on Truth.
Musk believes that “free speech” is critical to the company’s long-term success. Following shareholder meetings and regulatory approval as well as
“the satisfaction of other customary closing conditions,”
Twitter says it expects to close the transaction this year. The transaction got approved by the board of directors.
“I’m not going to be on Twitter; I’m going to be on the Truth,” Trump said on Fox News Sunday. “The truth is that I will continue to use Truth despite the fact that Elon wants to buy Twitter because he will make improvements to it and he is a good man.” The bottom line is that, no, I will not be returning to Twitter.”
Twitter Stock Analysis
Stock Target Advisor conducted an analysis of Twitter stock. According to stock projections from 28 analysts who cover the company, the average target price for Twitter over the next 12 months will be USD 54.49, according to the forecasts of twenty-eight analysts who cover the company. Twitter Inc. has received an average analyst recommendation of Hold from the analysts polled. According to Stock Target Advisor’s own Stock Analysis of Twitter, the company is Slightly Bearish, with 4 positive signals outweighing 5 negative signals. The stock is also Slightly Bearish, with 4 positive signals outweighing 5 negative signals. Twitter Inc.’s stock price was USD 51.70 per share at the time of the most recent market close, according to the most recent closing price. In the past week, the stock price of Twitter Inc. has increased by 7.71 percent, increased by 33.94 percent over the past month, and fallen by -22.86 percent over the past year.
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