Finance

As Musk buyout looms, Twitter searches for its soul

As Musk buyout looms, Twitter searches for its soul

For Elon Musk, its ultimate troll and perhaps most prolific user whose buyout of the company is on increasingly shaky ground, Twitter is a “de facto town square” in dire need of a libertarian makeover.

Whether and how the takeover will happen, at this stage in the game, is anyone’s guess. On Friday, Musk announced that the deal is “on hold,” then tweeted that he was still “committed” to it. On Tuesday, the billionaire Tesla CEO said he’d reverse the platform’s ban of former President Donald Trump if his purchase goes through but also voiced support for a new European Union law aimed at protecting social media users from harmful content.

It’s been a messy few weeks and only one thing seems sure: the turmoil will continue for Twitter, inside and outside of the company.

“Twitter at its highest levels has always been chaos. It has always had intrigue and it has always had drama,” says Leslie Miley, a former Twitter engineering manager. “This,” he says, “is in Twitter’s DNA.”

`WHAT PEOPLE ARE THINKING ABOUT’

From its 2007 debut as a scrappy “microblogging service” at the South by Southwest Festival in Austin, Texas, Twitter has always punched above its weight.

At a time when its rivals count their users by the billions, it has stayed small, frustrating Wall Street and making it easier for Musk to swoop in with an offer its board could not refuse.

But Twitter also wields unrivaled influence on news, politics and society thanks to its public nature, its simple, largely text-based interface and its sense of chronological immediacy.

“It’s a potluck of pithy self-expression simmering with whimsy, narcissism, voyeurism,…

Click Here to Read the Full Original Article at ABC News: Business…