Taking Twitter private has big implications for shareholders, experts say, but potentially even bigger implications for democracy.
The social-media company’s board said this week that it will allow Tesla TSLA,
chief executive and Twitter aficionado Elon Musk to purchase the platform for $44 billion. The hashtags #DeleteTwitter and #RIPTwitter immediately began trending as the news spread rapidly (on Twitter, of course) that the world’s richest man had lined up the financing to take over the company.
Musk has used Twitter liberally — and controversially — over the years. He was sued for defamation in a UK court in 2018 for calling a British cave explorer a “pedo guy.” In his defense, Musk said he didn’t mean it literally, he only meant that he found him a “creepy old man.” In 2019, the UK court ruled that Musk did not defame the explorer.
In another long-running saga that played out on Twitter TWTR,
Musk is still locked in a disagreement with the Securities and Exchange Commission over market-moving statements he made in 2018 when he publicly mused in tweets that he was “considering” taking Tesla private. On Monday, he tweeted that the San Francisco office of the SEC “Were shameless puppets of Wall St shortseller sharks.”
Twitter users likely have their own opinions on whether Musk’s comments about taking Tesla private came too close to or even breached SEC rules for public companies and if the undignified British kerfuffle constituted an insult or something more severe. Either way, other observers are now grappling with even bigger questions — put bluntly, the implications of a Musk-owned Twitter on democracy.
(Twitter and Tesla did not respond to requests for comment for this report.)
For his part, Musk has said he views Twitter as a rowdy and lively public square. “Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” he shared on the platform, He also advocated “making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans.”
Not everyone is comfortable with the public square/free speech pitch. Jennifer Grygiel, an associate professor of communications at Syracuse University, said that argument is designed to help Musk with his more pressing agenda — getting shareholder approval for the sale. “It gives him a lot more influence over governments, which rely on this platform for propaganda. Twitter has become a propaganda machine,” they said. Research suggests that false stories spread faster than true stories on Twitter, and that the platform can be effectively used to amplify conspiracy theories that advance political agendas,
While Twitter helped galvanize protests during the Arab Spring protests in 2010 and the grassroots Black Lives Matter movement in 2020, Grygiel believes the most powerful users — politicians and big business — have an outsize presence on the platform compared to those without fame or fortune. “Musk functions more like a sovereign,” they said. “He’s seeking to be more like Mark Zuckerberg.”
Owning a social-media platform, as Facebook’s Zuckerberg has acknowledged, brings huge influence on the global stage —- and companies have struggled and failed to control the information that appears on their platforms, information that can sway elections. “We don’t talk about how statecraft works on social media,” Grygiel added. “All the federal aspects of the government rely on Twitter too. It’s not just about the person, it’s about the country, it’s about the head of state, and the global geopolitical implications of Musk’s takeover of Twitter.”
,‘We don’t talk about how statecraft works on social media. All the federal aspects of the government rely on Twitter too. It’s not just about the person, it’s about the country.’,
Amid persistent questions over the quality of the discourse on Twitter, the company does have clear guidelines about what is — and what is not — deemed acceptable. It prohibits threats of violence, terrorism/violent extremism, child sexual exploitation, abuse and harassment, hateful conduct and promotion of suicide/self-harm, among other behaviors. But tracking and removing any or all of the above is a separate challenge.
“Twitter’s moderation policies are certainly not perfect. None are,” said Jeff Hancock, founding director of the Stanford Social Media Lab. “They’ve done a lot of work to improve their conversations online and remove the really toxic ones. It’s not clear what Musk will do on that front. His own Twitter style has been problematic. If someone else tweeted the things he did, they would be fired.”
Twitter has committed to combating fake news and removing fake accounts, but others see Musk as an even bigger potential thorn in the side of civilized discourse. Sen. Elizabeth Warren, a Democrat from Massachusetts, said this of Musk’s Twitter bid: “It’s dangerous because one billionaire decides how millions of people will have an opportunity to communicate with each other.”
The “freedom of speech” pitch for Musk’s Twitter takeover is a gross oversimplification of Musk’s agenda and leaves many questions unanswered, said Donna Davis, an associate professor and director in the Strategic Communication Master’s Program at the University of Oregon. “What does it become? Does Twitter eventually become part of the Dark Web because it’s completely unfiltered?”
A culture of disinformation
Like Warren, Davis is concerned about one person having so much control over a platform with 217 million daily users. “It’s the good, the bad and the ugly. We have already seen the ugliest — what uncontrolled social content has done to create a disinformation culture and what it has done to fracture so much of our culture. Left unbridled, it will only get worse, and [become] potentially dangerous.”
User anonymity can help fuel a toxic culture and influence elections, she added. “I remember the days that if you wrote an op-ed you had to sign your name to it because you owned it, and you had to deal with the consequences of that,” Davis said. “So more people could have a voice and share a voice. In that anonymity, they found safety, but they also found power and used it in a very destructive fashion.”
Big tech wields enormous power, said Aram Sinnreich, an associate professor of communication at American University in Washington, DC. “American billionaires are effectively oligarchs and they play a disproportionate role in politics and the public sphere,” he said. “This is all being catalyzed by wealth inequality and a billionaire class that can’t be regulated, taxed and held accountable.”
As the author of a forthcoming sci-fi novel and an avid fan of the genre, Sinnreich paints a grim, and perhaps even fatalistic vision of social media as “digital fiefdoms controlled by billionaires.” He added: “This is essentially a giant referendum about what the future of America’s democratic society looks like, and right now the weather vane is not pointing in the right direction.”
Sinnreich said the geopolitical influence of social-media platforms was foreshadowed in 2010 when the Supreme Court issued its 5-4 ruling in Citizens United vs. Federal Election Commission that eliminated century-old barriers preventing private corporations from directly funneling money into electioneering and arguably ushered in a wave of campaign spending.
,‘I remember the days that if you wrote an op-ed you had to sign your name to it because you owned it, and you had to deal with the consequences of that.’,
Would active Twitter users even notice a difference under Musk’s ownership? Twitter could look very different in a few years and focus more on engagement with videos like TikTok and photos like Instagram — and simultaneously morph into a platform with less oversight, according to Mark Beal, assistant professor at the School of Communication and Information at Rutgers University and author of “Gen Z Graduates to Adulthood,
Less monitoring of tweets would likely lead to the site losing its credibility as a source of hard news, he said. “What could Twitter be?” Beal wondered….
Credit: www.marketwatch.com /