Twitter reacts to Elon Musk’s participation in the social media platform

It was not a day to hold back your feelings.

Twitter (TWTR) – Get the report from Twitter, Inc. was heating up on Monday as users reacted to the news that Tesla (TSLA) – Get the Tesla Inc report CEO Elon Musk owns a 9.2% stake in the microblogging website.

“It’s time to delete my profile”

The stake could be a precursor to a full-scale takeover bid, according to Wedbush analyst Dan Ives.

“We would expect this passive participation to be just the start of broader conversations with Twitter’s board/management that may ultimately lead to active participation; a more aggressive ownership role of Twitter,” said said Ives. tweeted.

One person posted a photo of Sesame Street character Big Bird with the caption, “Elon at the next Twitter board meeting.”

The news, which came days after Musk slammed the company, sent Twitter shares skyrocketing and sparked a torrent of tweets.

“It’s time to delete my profile, if he buys more”, a person tweeted.

“Good news for the future of freedom of expression”, said another.

Musk has 80.1 million followers on his Twitter account, which he created in June 2009, making him one of the most viewed commentators on the site.

Late last year, Twitter founder Jack Dorsey stepped down as CEO to make way for former CTO Parag Agrawal.

“What Elon doesn’t understand is that Twitter is powerful because of its users,” one person commented. “He hasn’t become less powerful because Trump and all the other haters have been kicked out. He has become more powerful. If he allows them back, we will find another platform, hopefully led by @jack.”

“Well done, Mr. Musk”

“Elon Musk is becoming the leader this generation (desperately) needs,” another tweet noted. “Well done, Mr. Musk. I hope you will follow through on your desire to restore this country’s 1st Amendment rights.”

A person says that “Musk spent $3 billion on Twitter shares because he thinks Twitter is not respecting the right to free speech.”

“10.5% of U.S. households (or 13.8 million people) were food insecure at some point in 2020,” he added. “Stop celebrating this man.”

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“Elon Musk is going to make Twitter great again!” another tweet declared.

Musk made no secret of his displeasure with Twitter’s rules, saying he was seriously considering starting his own social media company.

He tweeted late last month that “given that Twitter serves as the city’s de facto public square, failure to uphold the principles of free speech fundamentally undermines democracy”.

“What should be done?” He asked.

In another tweet, Musk said “free speech is essential to the functioning of a democracy” and asked “Do you believe Twitter strictly adheres to this principle?”

‘Please buy Twitter

“The consequences of this election will be significant,” he said. “Please vote with caution.”

The results? More than 70% of respondents answered “No”.

“Please Buy Twitter” a person noted.

Social media companies have long been criticized for growing polarization, extremist rhetoric, echo chambers, misinformation and radicalization online through their algorithms.

They have also come under routine political attack from Republicans claiming they are biased. In 2018, Twitter came under congressional scrutiny for alleged bias in the United States.

Former President Donald Trump, who has repeatedly complained of bias, was eventually kicked off Twitter following the Jan. 6 uprising, “due to the risk of further incitement to violence.”

He attempted to set up a rival social media platform, Truth Social, which closely mimics Twitter.

The platform has struggled, however, including a waiting list of nearly 1.5 million people who cannot use it.

Reuters reported that two key tech executives left the platform.

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