May 4, 2022

Musk says Twitter may see 'slight cost' for businesses and governments

Earlier, Mr Musk had tweeted a link to a CNN story which called for some of the US' biggest brands to boycott Twitter if Mr Musk rolls back content moderation policies limiting hate speech. Since agreeing to buy Twitter, Mr Musk has said he wanted to make improvements to help increase the attractiveness of what he describes as a "Niche" platform. On Monday at the annual Met Gala in New York, he said he would make Twitter transparent about how tweets are promoted or demoted and wanted its software to be available for public scrutiny. Mr Musk plans to sell Twitter shares again as little as three years after buying it, according to the Wall Street Journal, which cited people familiar with the matter. Last week, Mr Musk sold roughly $8.5bn worth of shares in Tesla, which led to speculation that he will use the money to help finance his buyout of Twitter.

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