Analysis-For Twitter Boss Elon Musk Now Comes the Hard Part
Earlier this month, the outspoken billionaire said: “Myself and the other investors are obviously overpaying for Twitter right now. The long term potential for Twitter in my view is an order of magnitude greater than its current value.”The idea of an everything app, also referred to as a super app, originated in Asia with companies like WeChat, which lets users not only send messages but also make payments, shop online or hail a taxi. The all-in-one service appealed to users who had fewer choices in a region where Google, Facebook and others were blocked.Apple Inc and Alphabet Inc’s Google, which control the app stores on iPhones and Android phones, see themselves as super apps and would be unlikely to allow other super apps to develop, Galloway said. Consider Apple’s recent rejection of Spotify’s plan to sell audiobooks as one example of barriers to entry.Current and former employees who spoke with Reuters said Musk’s plans to lower the guard rails that are common across all social media platforms would lead to a deluge of hateful, harmful and potentially illegal content on Twitter . Already, it has struggled with identifying and removing child porn.On the eve of the deal’s expected closing, he appealed directly to advertisers in an open-letter tweet: ” Twitter obviously cannot become a free-for-all hellscape, where anything can be said with no consequences!… Twitter aspires to be the most respected advertising platform in the world that strengthens your brand and grows your enterprise.”They point to Musk’s plan to reinstate the account of former U.S. President Donald Trump as a major impediment to spending money on Twitter . Twitter permanently suspended Trump for risk of further incitement of violence after the Jan. 6, 2021, attack on the U.S. Capitol.In May, Musk said in a Twitter video that he agreed with the European Union’s new digital media regulation, which will force Big Tech to do more to tackle illegal content or risk fines of up to 6% of global revenue , in one of the world’s most severe approaches to regulating content online.”Whether or not Trump is going to come back on, I think that’s a parlor game,” Goldman said. “But what’s actually going to happen is a dissident’s IP address will be dropped on the floor.”
Apple Inc and Alphabet Inc’s Google, which control the app stores on iPhones and Android phones, see themselves as super apps and would be unlikely to allow other super apps to develop, Galloway said.
They point to Musk’s plan to reinstate the account of former U.S. President Donald Trump as a major impediment to spending money on Twitter.
In May, Musk said in a Twitter video that he agreed with the European Union’s new digital media regulation, which will force Big Tech to do more to tackle illegal content or risk fines of up to 6% of global revenue, in one of the world’s most severe approaches to regulating content online.
