Elon Musk’s $44 billion acquisition of Twitter appears set to go forward, prompting lower than enthusiastic reactions from many customers. As Day by day Present host Trevor Noah identified, Twitter has been an instrumental think about actions such because the Arab Spring, Black Lives Matter, the #MeToo Motion, and Trump’s presidential marketing campaign. Placing this highly effective social media platform underneath the management of SpaceX’s billionaire CEO may due to this fact have important repercussions.
“Earlier than this, Jack Dorsey did not personal Twitter,” defined Noah. “He had two p.c of the shares, and at the same time as CEO he nonetheless needed to reply to the board, and the board nonetheless needed to reply to shareholders, and Twitter itself nonetheless needed to reply to the SEC.
“However now as a non-public firm, it is simply Elon Musk. Yeah, the whole lot that occurs on Twitter any more is as much as him — and likewise no matter pressure his weed man offers him that day.”
