Last year, he sold 23bn worth of shares in. Impact of Twitter on Stock Market Performance: Evidence from Elon Musk and Tesla Jovana Stokanovi c evi c( B ), Nikola Staki c, and Ana Jovancai Staki. As the story develops, the discussion raises bigger questions about the principles upon which our online communities are founded. To buy Twitter, Musk put in more than 20bn of his own money, alongside 7.1bn from associates and about 4bn from his existing stake in the company. On May 13, Musk tweets he is putting the deal to acquire Twitter 'temporarily on hold' pending additional information about the volume of fake and spam accounts on the platform. The ongoing topic of digital rights and the need of preserving platform integrity is reflected in the back-and-forth around the #FreeMetaTime campaign and Musk’s reaction to it. The already tense relationship between the MetaTime community and the tech behemoth was exacerbated by this move. Interestingly, the matter became much more convoluted when Twitter took away MetaTime’s blue verification tick. It’s been just over seven months since Elon Musk closed his 44 billion purchase of Twitter, an investment that has so far been a giant money loser. Twitter had been in negotiations for licensing rights with the three major music labels Universal, Sony and Warner since 2021, though the talks stalled after Mr. This comment added a new layer to the discussion that has been going on over the #FreeMetaTime campaign, highlighting the issues that platforms encounter when attempting to ensure that users adhere to defined criteria and underscoring the need to provide consumers with a safe and fair platform.Īccounts that try to game our verification system with non-sequitur self-promotion or advertise in a misleading way will be suspended- Elon Musk June 17, 2023 This pointed to a position that was more concerned with preserving the honesty of Twitter’s verification mechanism rather than openly supporting the #FreeMetaTime campaign. In a tweet that seemed to be a veiled reference to a direct response to the issue surrounding MetaTime, Musk made the following assertion: “Accounts that try to game our verification system with non-sequitur self-promotion or advertise in a misleading way will be suspended.” Musk’s reaction, however, was not what the MetaTime community had been hoping for.
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