Elon Musk on Twitter: After taking over the reins of Twitter, Tesla CEO Elon Musk said that Twitter will have its own Content Moderation Council to make the necessary moderation decisions on the platform. The new Twitter owner said that there will be no major content decision or account restoration before the council is called. Musk said Twitter will set up a content moderation council with widely diversified viewpoints. We have not made any changes to Twitter’s content moderation policy yet.
Content Moderation Council will take decisions related to Twitter account
Musk said he would consider allowing former US President Donald Trump to return to the platform, aiming to make Twitter a platform for freedom of expression. However, it now appears that the Content Moderation Council will take a decision on reinstating the banned account. For information, let us tell you that Meta has a similar oversight board that governs Facebook’s platform and moderation decisions.
Twitter shares to be removed from New York Stock Exchange on November 8
According to a new filing with the US Securities and Exchange Commission (SEC), Musk has taken the micro-blogging website private. The company’s stock will be delisted from the New York Stock Exchange on November 8. According to an SEC filing, the New York Stock Exchange will notify the SEC of delisting and registration of the entire class of securities listed on the exchange on November 08, 2022. Privately held firms are not required to make quarterly public about their performance. Musk will have tight control over Twitter.
Perhaps a new board will be formed after the removal of Twitter members
Twitter will likely create a new board after the current members are removed. Musk is likely to take over as the CEO of Twitter for the time being. On April 13 this year, Elon Musk announced the purchase of Twitter. He bought this platform for $ 44 billion at a rate of $ 54.2 per share.
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