BELOW SUPERNAV drop zone ⇩

Twitter shares details on deal with Elon Musk

MAIN AREA TOP drop zone ⇩

MAIN AREA TOP drop zone ⇩

ovp test

mLife Diagnostics LLC: Oral Fluid Drug Testing

Male shot by female at Shreveport apartment

Class to create biodiverse backyard

Rules for outbursts at Caddo School Board Meeting

maylen

https://digital-stage.newsnationnow.com/

AUTO TEST CUSTOM HTML 20241114185800

AUTO TEST CUSTOM HTML 20241115200405

AUTO TEST CUSTOM HTML 20241118165728

AUTO TEST CUSTOM HTML 20241118184948

(NewsNation) — Investors are a little jittery following Elon musk’s major moves to buy Twitter.

Tesla’s stock lost $126 billion Tuesday; as investors are concerned Musk may have to sell some of his shares to fund his purchase of Twitter. Tesla’s shares fell 12%, and Twitter’s dropped 4%

Musk’s $44 billion takeover of Twitter is moving forward, but he still needs to be approved by regulators. In the meantime, many social media users are wondering: What’s next?

Twitter’s new owner is clarifying his vision for the social media platform’s future — tweeting Tuesday night, “By ‘free speech,’ I simply mean that which matches the law.” He also doubled down on his disdain for censorship.
But current and former employees of Twitter are raising concerns about the consequences of running a largely unmoderated social platform.

“What’s worrisome to me is that, you know, he talks about free speech, but is it really free speech or is it, I just don’t want to be accountable for the terrible things I say,” said Leslie Miley, a former Twitter manager.

Musk could run afoul of governments overseas that have begun implementing restrictions on disinformation, hate speech and calls for violence on social platforms.

The White House, while refusing to address Musk’s buyout directly, reiterated President Joe Biden’s pledge to hold tech platforms accountable.

“Well, I’m not going to comment on a specific transaction. What I can tell you as a general matter, no matter who owns or runs Twitter, the president has long been concerned about the power of large social media platforms. What they have, the power they have over our everyday lives has long argued that tech platforms must be held accountable for the harms they cause,” said White House press secretary Jen Psaki.

As for himself, Musk has used Twitter for his own personal gain and disadvantage, using his account to announce business plans and promote his companies to his millions of followers. But some activists worry his acquisition could be an issue for those who disagree with him.

In the past, Musk’s tweets have landed him in trouble with federal regulators and even in court for a defamation lawsuit.

Tech

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed

Site Settings Survey

 

MAIN AREA MIDDLE drop zone ⇩

Trending on NewsNation

AUTO TEST CUSTOM HTML 20241119133138

MAIN AREA BOTTOM drop zone ⇩

tt

KC Chiefs parade shooting: 1 dead, 21 shot including 9 kids | Morning in America

Witness of Chiefs parade shooting describes suspect | Banfield

Kansas City Chiefs parade shooting: Mom of 2 dead, over 20 shot | Banfield

WWE star Ashley Massaro 'threatened' by board to keep quiet about alleged rape: Friend | Banfield

Friend of WWE star: Ashley Massaro 'spent hours' sobbing after alleged rape | Banfield

Clear

la

48°F Clear Feels like 48°
Wind
1 mph NNW
Humidity
52%
Sunrise
Sunset

Tonight

Clear to partly cloudy. Low 47F. Winds light and variable.
47°F Clear to partly cloudy. Low 47F. Winds light and variable.
Wind
2 mph N
Precip
6%
Sunset
Moon Phase
Waning Gibbous