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Elon Musk, now Twitter’s largest shareholder, asks users if they want an edit button | Science and technology news

Elon Musk, the billionaire entrepreneur and meme poster who recently became Twitter’s largest single shareholder, has asked users if they would like an edit button.

The unchanging quality of the posts on Twitter has been a hallmark of the platform since its launch in 2006, despite recurring, albeit muted, requests for change.

Shortly after disclosing his stake in the platform to regulators, muskwho has amassed more than 80 million followers since joining in 2009, posted a poll asking if users would like an edit button.

Shares in the platform increased by a quarter after it was revealed he had bought a 9.2% stake, meaning his investment immediately yielded a bigger return than Twitter has ever posted.

It’s not clear if the poll was a genuine request for political feedback or just a joke. The poll’s options – “yse” and “on” – were typos for “yes” and “no”.

At the time of publication, nearly three-quarters of the 2.4 million respondents had voted “yes.”

twitters new managing director, Parag Agrawal, quoting the post, said: “The ramifications of this poll will be important. Please vote carefully.” Whether he was serious is unclear.

Musk’s investment followed his criticism of Twitter’s approach to free speech after he claimed he was “seriously considering” building a new social media platform.

His stake is seen as a passive investment that signals he has no claims to a larger part of the company — although analysts have warned that it could eventually lead to Musk getting more involved in running the company.

Musk’s use of Twitter has gotten him into trouble in the past.

He is involved in a lawsuit to free himself from the constraints of a deal he struck with US regulators in 2018, an agreement that forces him to have his tweets about Tesla pre-approved by an attorney to avoid violating rules on disclosing market-sensitive information to violate.

The billionaire had signed an agreement with the US Securities and Exchange Commission after tweeting that he had secured funding to take the company private for $420 (£325) a share.

But the billionaire now argues he was forced to sign the agreement, officially known as the Consent Decree, due to “relentless regulatory pressure from the SEC,” according to a court filing.

Musk’s legal team accuses the panel of trying to restrict his right to free speech.



Elon Musk, now Twitter’s largest shareholder, asks users if they want an edit button | Science and technology news

Source link Elon Musk, now Twitter’s largest shareholder, asks users if they want an edit button | Science and technology news

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