Do You Still Want To Tweet??

8 29
Avatar for Methion
2 years ago

The sale of twitter to Elon Musk is the news trending these days. I can't quite tell if it's the fact that twitter was sold for just $44billion or the fact that Musk is singlehandedly forking that money out or what this mean that's causing the buzz. Since the purchase, there's been all sort of rumours as to what he plans to do with it. Some of these rumours are drawn from his own tweets before now as well as his utterances along the way. The purchase of the platform by Musk means it's now a private company, giving the company's de facto chief executive Musk, the power to do with it as he deems fit. After all, it's his $44billion, not yours, although that's a wrong notion cause he won't be the one to fork out the money alone. More than half of the total acquisition money won't be coming out from his pocket, but rather as loans by a number of US banks, secured against his stake in Tesla. Now that he's got what he wants with that hostile takeover, what next?

For Twitter

Like I said before, there are a lot of speculation out there as what the future holds for twitter. I'm going to examine a few significant once.

No More Advert

One of the things Mr Musk used in the war of this hostile takeover that gave him some sort of an edge over twitter was the manipulation of public opinion, yes manipulation. One of such, was his stance on adverts. People generally have a reasonable apathy against adverts interrupting and inundating them while they are online. There's also the problem of data collection and privacy. By promising to remove adverts, Musk won twitter users (whom feel like their privacy is been violated one way or the other and their data's been monetised as well) over, but he didn't mention at what cost this would come.

He did mention the use of twitter blue subscription service though. The social media model as we know it, is based on a model where there main source of income is through advertising and even with that twitter was barely profitable. Now, if you close that door, where will the money come from? Twitter blue subscription won't be enough, cos majority of twitter users are in the developing and the undeveloped part of the world. These are places where money's hard to come by at all, and even when it does, it's barely enough to cover basic needs. The result is that there's just not enough people who can afford twitter blue.

Possible Corrective Action Scenarios

We tend to forget that Musk might be a lot of things, but a lavish spender isn't on e of it. We are talking about the world richest man, whom has zero property in his name. With his wealth, he could afford any mansion, but there's none to his name. So, if Musk is throwing money into Twitter, it's not just for fun, it's business, and he's a business man that likes to see result and profit, and fast too.

What this ultimately mean is that Musk might never remove the advert cos he needs twitter to be able to make enough money to cover it's need and also get him profit. Alternatively, he might change the new user registration requirements of twitter by introducing a one-time fee to get a new account. He might go for a scenario where users have to subscribe to use twitter monthly, and no, I don't mean twitter blue. This would affect all users while twitter blue will just become the premium subscription under this scheme.

I know you might want to argue this is not possible, but before you say that, remember that a businessman only goes into business for profit. Every other thing is a plus...

Thanks for reading......

4
$ 1.93
$ 1.85 from @TheRandomRewarder
$ 0.03 from @FarmGirl
$ 0.03 from @Kushyzee
+ 1
Sponsors of Methion
empty
empty
empty
Avatar for Methion
2 years ago

Comments

We'll see what happens. I still tweeted today, lol! And true, the man meant business, he is a businessman afterall.

$ 0.00
2 years ago

We'll just have to wait and see

$ 0.00
2 years ago

I don't really use Twitter much but I hope things get better and not worse.

$ 0.02
2 years ago

Same here

$ 0.00
2 years ago

Omo! 😂 I actually feel he might introduce a one-time fee o, that guy is strictly business

$ 0.02
2 years ago

People never know

$ 0.00
2 years ago

There are many promises from the new owner, now let's see what plans the company has for the smooth running!

$ 0.02
2 years ago

I would keep my hopes up though

$ 0.00
2 years ago