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Tesla’s stock price could suffer if Musk decides to sell Tesla stock. Disinformation and hate speech are difficult for social media companies to control.
To reinstate his commitment to “free speech,” Elon Musk claims to have devised a plan to completely take over Twitter and take the company private. However, Thursday’s offer, which did not seem to appeal to investors, has raised more questions than answers.
Content Moderation Debate
Other social media companies, such as Facebook, Instagram, and Twitter, are suspending accounts for violating their terms of service. Supporters of the previous president were outraged by the suspension of Donald Trump’s account. Disinformation and hate speech are difficult for social media companies to control.
Robert Kiyosaki, the author of Rich Dad, Poor Dad, tweeted:
“I’m surprised Twitter hasn’t deleted my previous tweet. Elon must have some effect on Twitter. He regains our FREEDOM of SPEECH, our most important freedom. I commend Elon for his courage and “putting his money where his heart is.”
Though he says he is a “free speech absolutist,” Tesla CEO Elon Musk is known for banning Twitter users who question or disagree with his views. Its automaker Tesla has also been accused by regulators of retaliating against black workers who expressed concerns about racism.
According to Forbes, Elon Musk is the richest man in the world, with approximately $265 billion. Tesla stock, in which he has a 17 percent stake, is valued at more than $1 trillion, followed by SpaceX, his private space company. Tesla’s stock price could suffer if Musk decides to sell Tesla stock to raise money, or he could borrow against his stock holdings. According to Forbes, he has used more than half of his Tesla stock as collateral for loans.