Tesla and Spacex CEO Elon Musk announced several things he would improve twitter if he succeeded. He promised to eliminate spam bots, ensure free speech, implement editing features and streamline payment verification processes.
How Musk improved Twitter
Elon Musk, CEO of Tesla and Spacex, said what improvements he would make if he succeeded in acquiring Twitter.
Musk agreed on Friday to a tweet saying he would focus on solving "real problems." The tweet mentions making Twitter's algorithms open source, blocking scam bots, insisting on free speech, and simplifying the process of verifying payments. Musk has already discussed these things before this.
Spam bot issue
One of the main problems with Twitter is spam bots. Earlier this month, Musk said that in his opinion, spam bots are one of the most annoying problems on Twitter.
Musk tweeted on Thursday that if our Twitter bid is successful, we will block spam bots and must be done. He also said that real-name authentication would be implemented for all people.
Editing features, Dogecoin payments, freedom of speech
This month he also did a poll on tweet editing features, asking if an edit button was needed. More than 4.4 million people voted, with 73.6% agreeing.
Free speech is another focus of Musk. He began tweeting in March to establish it as a social media platform with free speech as a priority. Musk asked at the time: Twitter is actually a public platform, and not adhering to the principle of free speech is undermining democracy. What can such a platform do?
In addition, Musk also suggested adding Dogecoin to the payment option of the Twitter blue service. He has been a proponent of meme tokens. He believes that Dogecoin is people's cryptocurrency and is best suited for trading. His electric car, Tesla, has now accepted Dogecoin to buy some of its merchandise.
Musk has acquired a 9.2 percent stake in Twitter earlier this month. He promised to make "significant improvements" to Twitter, and he initially intended to join the social media giant's board but later decided not to.
According to Musk's filing with the U.S. Securities and Exchange Commission (SEC), Musk will acquire 100% of Twitter for $54.20 per share. Twitter, however, responded with shareholder rights of limited time. This week, Musk said he had $46.5 billion in funding ready to take Twitter across the board and plans to take it private.