Twitter CEO Elon Musk has informed banks that he plans to close the $44 billion takeover deal by Friday. Deal could end months of damaging back-and-forth between Musk and Twitter overpaying for the app. Musk has hinted at making the app 'more like TikTok' and taking it private. Twitter staff are concerned that he may soon allow some of the worst kind of hate speech in the app, which is not against the law, as such, but should not be given amplification via social platforms. Twitter’s top staff have already jumped ship, and new reports that Twitter is struggling to keep its most active users, and it looks like we can’t dismiss that claim out of the hand of the person making such a claim This is a big deal for creators as it could spell the end of Twitter as we know it. If Musk manages to close the deal and turn it into an app that resembles TikTok, then there will be little room left for creatives to share their work. This would be a huge loss not just for them but also for society as a whole, as creativity and expression are essential parts of any democracy.

October 27, 2022 12:16 PM