Tesla CEO Elon Musk Reveals How He Will Improve Twitter if Bid Succeeds – Featured Bitcoin News

Tesla and SpaceX CEO Elon Musk has revealed his priorities in improving Twitter if he successfully takes over the social media platform. Among his promises are eliminating crypto spam bots, ensuring free speech, implementing editing functionality, and simplifying the account verification process.

Elon Musk’s Twitter Improvement Priorities

Elon Musk, CEO of Tesla and SpaceX, shared how he plans to improve Twitter if his attempt to acquire the social media giant succeeds.

Musk agreed to a tweet on Friday saying he would focus on solving “real problems”. The tweet specifically mentioned making Twitter’s algorithm open-source, eliminating phishing bots, respecting freedom of expression, and simplifying the account verification process. The previous Tesla boss addressed each of these improvements in more detail.

Cryptocurrency Spam Problem

A big problem on Twitter involves spam bots. Earlier this month, the Tesla boss said that in his view, the crypto spam program is “the most annoying problem on Twitter.”

Musk tweeted Thursday: “If our Twitter bid is successful, we’ll beat the spam bot or try to die!” He added that he will also “authenticate all real people.”

Edit function, Pay with Dogecoin, Free Voice

He also discussed the tweet editing functionality in some detail this month, in addition to conducting a poll asking his Twitter followers if they would like an edit button. More than 4.4 million votes were counted and 73.6% said they did.

Freedom of speech is another big focus for Musk. He started telling his Twitter followers in March about prioritizing a social media platform with freedom of expression. “Given that Twitter serves as the de facto public town square, failure to adhere to free speech principles fundamentally undermines democracy. What to do? ‘ Musk asked at the time.

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In addition, Musk also proposed setting dogecoin (DOGE) as a payment option for the blue Twitter service. He’s a meme crypto advocate. He believes that dogecoin is everyone’s cryptocurrency and best suited for transactions. His electric car company, Tesla, is now accepting DOGE for a number of items.

The Tesla CEO has acquired a 9.2% stake in Twitter Inc. at the beginning of this month. Promising to make “significant improvements” to Twitter, he would join the social media giant’s board of directors but later decided not to join.

Musk went on to offer to buy 100% of Twitter’s shares at $54.20 per share in cash, according to his filing with the U.S. Securities and Exchange Commission (SEC). However, Twitter responded by passing a fixed-term shareholder rights plan, often referred to as the “poison pill”. This week, Musk said he spent $46.5 billion to fund an offer to buy Twitter and take the company private.

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What do you think of Elon Musk’s plan to improve Twitter? Do you want the Tesla CEO to take over the social media platform? Let us know in the comments section below.

Kevin Helms

An Austrian Economics student, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects, and the intersection of economics and cryptography.

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