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liamwestray | 3 years ago
We have a free market, multiple social platforms exist. Ones that moderate certain content lose certain users. You can chose what level of moderation you want as a customer and platforms can choose what level of moderation they want a business. Moderation technology as a service exists already.
Elon is trying to short-circuit the basic principles of free speech because he lied in a way c-suite executives and directors are not legally allowed to lie as it runs afoul of anti-fraud laws. You may not yell fire in a crowded theatre and you may not use free speech to commit fraud or when you are subject to disclosure laws you may not use free speech as a defense for breaking them.
When you are a corporate officer or director of publicly traded company you agree to following securities laws, specifically not making false statements that may impact stock prices.
Elon's antics got him a twitter-sitter and now he wants to own twitter in some sort of byzantine strategy to get around rules he agreed to (and their consequences necessitating a twitter-sitter) and have helped make him incredibly wealthy.
His arguments about open-sourcing algorithms and protecting free speech are not the actual reasons for his bid to take over twitter, he has simply amassed enough money to try to own a media outlet for the influence he could wield with it. He probably also thinks he can skirt SEC/Judicial rulings about his behavior on twitter if he owns it outright. At Elon's level of wealth, the only thing left to buy is more influence.
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