Tesla CEO Elon Musk has completed the purchase of Twitter, in a deal valued at $44 billion. Here's what could be next for the social media platform.
"The reason I acquired Twitter is because it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence," Musk said in an open message on Thursday, Oct. 27."There is currently great danger that social media will splinter into far right wing and far left wing echo chambers that generate more hate and divide in our society.
Musk has also indicated that a number of previously banned high-profile users would return, leading some industry watchers to expect the return of former President Donald Trump to the social media platform just days before the midterm elections—an event that is still widely expected to occur.
Some industry observers expressed skepticism over Twitter's possible direct value to Musk's own companies, given the fact that the CEO had already enjoyed a broad following and popularity on the platform evenMusk's plans for the platform are expected to become clearer in the coming days.
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