On March 25, when Elon Musk launched a poll on Twitter asking his followers whether Twitter strictly adhered to free speech ideals, he included a caveat that “the implications of this vote will be significant.” A day later, after most people voted “no” on his question, Musk concluded that Twitter’s claimed inability to follow these principles “fundamentally harms democracy” and openly pondered what could be done. “Does a new platform need to be built?” he inquired. Naturally, some of his supporters proposed that he, the world’s richest man, estimated to be worth $219 billion, buy the platform. They had no idea that Musk had amassed a sizable holding of Twitter stock at that point.
According to Statista, the average US resident would need to labor for three million years at the OECD’s 2020 average annual pay of $69,392.
According to an SEC filing published on Monday, Musk had acquired 73.5 million shares of Twitter common stock by March 14, making him the company’s largest shareholder with a 9.2 percent stake.
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What’s the Matter With Twitter?
According to a Pew Research Center survey performed in May 2021, Twitter users in the U.S see a number of key issues on the network, the most pressing of which is false and misleading information.
While few people have the strength and financial means to make their voices heard, whether it’s by tweeting to 80 million followers or becoming the largest shareholder of the corporation that owns the platform, Musk is not alone in believing that all is not well in the Twitterverse.
While there is bipartisan agreement that misinformation, abuse, and the tone of Twitter discussions are big issues, there is a sharp disagreement on the issues raised by Elon Musk. While only 17% of Democrat users consider Twitter’s limiting the appearance of certain postings to be a big issue, 59% of Republican users do. The party divide is even bigger when it comes to Twitter banning users, a practice that only 6% of Democrat users find objectionable vs 61 percent of Republican users.
You will find more infographics at Statista
You will find more infographics at Statista
