Late Friday the news reported that Elon Musk's lawyers sent a letter to Twitter informing them that he is terminating the merger agreement in which he agreed to buy Twitter for $44B. The letter alleges that Twitter breached the terms of the agreement by failing to provide accurate data about the number of spam and bot accounts on the platform.
Twitter countered with an indication that they will pursue legal action to prevent Elon from backing out. It seems this one is going to be tied up in litigation and the outcome will either be Elon forced to buy Twitter or pay a $1B penalty for backing out of the deal.
I have no vested interest in the outcome. While it would have been interesting to see the changes Elon would have made to Twitter, it likely would not have changed my opinion about the platform. If Twitter suddenly disappeared tomorrow, it would not affect me in the slightest. This is true of all social media platforms. Some might say I'm just an old fuddy duddy who doesn't understand social media or how to use it. I understand social media but I'm not beholden to it.
Anyone who is making his or her living on social media should be concerned that these companies have the power to ban, shadowban, or demonetize you if you don't follow their arbitrary (and sometimes mysterious) guidelines. It used to be buyer beware but now it's also creator beware.
Twitter countered with an indication that they will pursue legal action to prevent Elon from backing out. It seems this one is going to be tied up in litigation and the outcome will either be Elon forced to buy Twitter or pay a $1B penalty for backing out of the deal.
I have no vested interest in the outcome. While it would have been interesting to see the changes Elon would have made to Twitter, it likely would not have changed my opinion about the platform. If Twitter suddenly disappeared tomorrow, it would not affect me in the slightest. This is true of all social media platforms. Some might say I'm just an old fuddy duddy who doesn't understand social media or how to use it. I understand social media but I'm not beholden to it.
Anyone who is making his or her living on social media should be concerned that these companies have the power to ban, shadowban, or demonetize you if you don't follow their arbitrary (and sometimes mysterious) guidelines. It used to be buyer beware but now it's also creator beware.
"Want to catch a movie this Friday?"
"No. I'm too busy and i don't like you."
"Okay. I'll go play pinball by myself."
"Hey wait! You need to take me to the movies this Friday. Or you need to pay me 100 bucks!"
Yeah right, creator beware, but Social Media is pretty much the easiest way to build an audience.
He wants all the people to be there and to onboard everyone he should just doit from zéro on other fundamenta principles.
Spam, well yeah okay I'm blocking accounts constantly. What else ? Crypto payments? It's already in the works.