JUST IN: Elon Musk has reached an agreement to acquire Twitter for approximately $44 billion.
Elon Musk reached an agreement to buy Twitter for roughly $44 billion on Monday, promising a more lenient touch to policing content on the platform where he promotes his interests, attacks critics and opines on social and economic issues to more than 83 million followers.
A more hands-off approach to content moderation has many people concerned the platform will become more of a haven for disinformation and hate speech, something it has worked hard on in recent years to mitigate. Musk has described himself as a “free-speech absolutist” but is also known for blocking or disparaging other Twitter users who question or disagree with him.
It won’t be perfect, Musk added, “but I think we want it to really have the perception and reality that speech is as free as reasonably possible.” “Marginalized communities of users are especially vulnerable to the forms of hate and harassment that so often circulate in unregulated online spaces,” she said.
Noteworthy as they are, the SEC matters have no bearing on Musk’s fitness to buy a company, according to St. John’s University business professor Anthony Sabino, making it unlikely that they would represent roadblocks to the takeover.
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