empty
26.04.2022 06:07 PM
Elon Musk will buy Twitter for $ 44 billion – is it good or bad?

As it became known, Tesla CEO Elon Musk will become the next owner of Twitter, paying about $ 44 billion for it. Now users are wondering how he will fulfill his promises to develop new functions by opening his algorithm to the public. Musk also recently announced that he plans to make the most honest social network with freedom of speech - and this scares investors very much. In a press release, it was noted that "authentication of all users" will be carried out in the near future. What exactly Musk meant by this phrase is still unclear.

This image is no longer relevant

Some experts who have studied content moderation and researched Twitter for years have expressed doubt that Musk knows exactly what he is getting into. Now many fairly young startups are focused on freedom of speech, and why it was necessary to pay so much money for an established social network is unknown.

There are also a lot of questions about who were those other bidders who never appeared in public. This suggests that other potential buyers have found Twitter too difficult to improve. Given that the social network is no different from many other platforms that have appeared in the last ten years, most likely, it will be quite difficult for Musk to upgrade it with innovations.

Musk's approach to non-interference in content moderation is already causing many users to fear that the platform will become more of a haven for disinformation, hate speech, and bullying, which moderators have been diligently resisting lately. Wall Street analysts say that if Elon goes too far, it may even alienate potential advertisers.

After confirming the purchase of the social network, shares of Twitter Inc. rose more than 5% on Monday, to $ 51.70 per share. Since the news that Musk was interested in Twitter, the stock has risen by more than 30%. As noted above, Musk recently called himself an "absolutist of freedom of speech," but many remember him blocking other Twitter users who ask him inappropriate questions or disagree with him. We will find out how the Twitter history will be written very soon.

Jakub Novak,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Update on US stock market on June 27. SP500 and NASDAQ reach new highs

The S&P 500 rose by 0.80%, while the Nasdaq 100 added 0.97%. The Dow Jones Industrial Average climbed by 0.84%. Stocks gained amid talks that the US is getting closer

Jakub Novak 11:58 2025-06-27 UTC+2

Nvidia Shares Reach All-Time High

Yesterday, the NASDAQ technology index closed the day in positive territory, thanks largely to the rally in Nvidia Corp. shares, which reached a historic high. The leading producer

Jakub Novak 11:06 2025-06-26 UTC+2

The Stock Market Is Approaching Dangerous Levels

The wave pattern on the 24-hour chart for the #SPX instrument appears generally clear. At this point, the formation of an upward trend segment is presumably complete. In my view

Chin Zhao 12:35 2025-06-25 UTC+2

Update on US stock market on June 25. Key stock indices growing in confidence

S&P500 Snapshot of the US major stock indexes on Tuesday: Dow +1.2%, NASDAQ +1.4%, S&P 500 +1.1% (closed at 6,092, within a 5,700–6,300 range). The stock market traded with

Jozef Kovach 11:52 2025-06-25 UTC+2

US stock market in uptrend as ceasefire announced between Israel and Iran

S&P500 Snapshot of the benchmark US stock indices on Monday: Dow +0.9%, NASDAQ +0.9%, S&P 500 +1%, S&P 500 at 6,025, range 5,600–6,200 In the early hours of June

Jozef Kovach 12:37 2025-06-24 UTC+2

Update on US stock indices on June 24. SP500 and NASDAQ surge amid good news

US stock indices closed higher yesterday. The S&P 500 rose by 0.94%, and the Nasdaq 100 also gained 0.94%. The industrial Dow Jones strengthened by 0.88%. Oil prices fell while

Jakub Novak 10:54 2025-06-24 UTC+2

S&P 500 Forecast for June 24, 2025

S&P 500 The new week began with confident growth for the S&P 500. The support from the balance line indicator (the red moving average) on the weekly timeframe worked well

Laurie Bailey 04:44 2025-06-24 UTC+2

Update on US stock market on June 23. US stock indices close mixed. Oil trades higher amid geopolitical tensions

Last Friday, US stock indices closed mixed. The S&P 500 fell by 0.22%, and the Nasdaq 100 lost 0.55%, while the industrial Dow Jones gained 0.08%. Today, futures for European

Jakub Novak 11:09 2025-06-23 UTC+2

Uptrend in US stock market about to crack. Will market maintain bullish momentum until end of summer?

The US stock market maintains an appearance of stability, but the foundation beneath this calm may prove fragile. Indices remain near historic highs. Nonetheless, a potentially explosive combination is brewing

Anna Zotova 17:09 2025-06-20 UTC+2

Update on US stock market on June 20. SP500 and NASDAQ open with gains

Yesterday, US financial markets were closed. US stock indices ended the electronic trade mixed: the S&P 500 slipped by 0.03%, the Nasdaq 100 gained 0.13%, and the Dow Jones Industrial

Jakub Novak 11:54 2025-06-20 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.