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U.As we speak – It has been a 12 months since purchased Twitter in October 2022. He has posted a tweet to focus on a 12 months anniversary since he closed the deal on buying the social media microblogging platform for $44 billion.
“Freedom,” the tech tycoon wrote, citing his personal tweet from October 28 final 12 months, wherein he had said “the hen is freed,” hinting on the iconic blue hen — the brand of Twitter.
Outstanding modifications Musk made on Twitter since buy
The Tesla (NASDAQ:) CEO needed to stroll a great distance earlier than the deal was closed. First, in the summertime of 2022, he acquired practically 10% of Twitter’s inventory to change into the biggest single Twitter investor. Then he was invited to change into a member of the board of administrators, however he rejected this provide. After that, Musk supplied to purchase Twitter, however his provide was turned down. This was adopted by Twitter agreeing to the long run buy, however then Musk all of a sudden backed out of the deal and was sued for it.
Lastly, he did pay $44 billion for the social media large and quickly started to chop prices of the corporate — fired lots of people from the highest administration workforce and common workers, closed native places of work in a number of different international locations. Then Musk launched a compulsory $8 montly charge for blue verification test marks, which beforehand got to customers totally free however primarily based on obscure deserves. Musk allowed anybody to have these, thus including earnings to the corporate, explaining it by saying that Twitter can not rely solely on advertisers in the case of income.
Quite a lot of advertisers then left Twitter, however steadily they started to return. Monetization and Subscription options have been added. The previous permits customers to get a share of income from promoting, and the latter permits them to get month-to-month charges from those that select to subscribe to their content material. Twitter customers can now write lengthy posts (it’s not a microblogging platform) and reside stream movies. Voice and video name options are being examined now. Lastly, Twitter is being rebranded as X. It has gained 500 million of month-to-month energetic customers.
When shopping for Twitter, Elon Musk said that his main purpose was to offer individuals again freedom of speech on this platform. He likened Twitter to the “international city sq.,” the place individuals can discuss to one another and alternate opinions. Therefore, the tweet he printed final 12 months about “releasing the hen.”
Crypto group’s response to Musk’s tweet
Because it has been occurring usually not too long ago, of crypto followers amongst his followers (there are various them, since Musk is probably the most adopted individual on Twitter with 161.1 million followers).
Whereas the X boss spoke of freedom in his tweet, the Kraken alternate responded in its personal approach, mentioning the main cryptocurrency, BTC: ” is to monetary freedom, as X has aimed to be with freedom of speech.”
The Gost privateness coin workforce, began by the late John McAfee, additionally made an look within the remark thread, selling their mission.
General, the group thanked Musk for “releasing the hen,” however haters confirmed up too. One X consumer requested whether or not Musk intends to combine on X as he hinted a number of occasions prior to now.
This text was initially printed on U.As we speak