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The Hindu
The Hindu
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V. Sridhar

Musk acquires Twitter | A buyout that could make a public square private

The recent announcement by Elon Musk, entrepreneur, investor, business magnate and the world’s richest man, in acquiring a stake in Twitter for $46.5 billion, thereby turning a public limited company to a private one, has made headlines across the world. There are proponents of the deal who say that Mr. Musk will make Twitter more open, ensure freedom of speech and provide choice to users for subscription-based services. However, sceptics are of the opinion that Twitter will become more centralised in its operations and processes, thereby may make its content moderation more biased towards certain ideals that Mr. Musk possibly endorses.

Danger of exclusion

While the devil is in the details and how Mr. Musk plans to change the way in which content moderation is carried out in Twitter, what happens when a significant social media intermediary such as Twitter goes private?

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