Who is maybe going and who is coming back the

Who is (maybe) going and who is coming back: the troubles of Twitter in the Musk era

Anonymous: Goodbye if you are forced to reveal us. Doubts about the financing of the operation

Hundreds of thousands of progressives are unfollowing their favorites on Twitter, where the following is growing instead with figures from the far right and Trump’s right. Celebrities in revolt threatening to leave (but few really are doing so right now). The Anonymous collective warning him: “If you force us to reveal our identities, we will leave.” And even the fear of internal sabotage by Twitter employees who offered ideological opposition to the new boss, or who were enraged at the sale of the social network to a character used to treating its employees harshly: the company has software updates for suspended for a few days, possibly to reduce the risk of system tampering. Elon Musk’s landing three days after announcing his Twitter conquest is not soft: many had foreseen political difficulties for a highly skilled industrial manufacturing entrepreneur but with no leadership experience in communications, despite being a great communicator himself and a successful influencer .

fear

Just as analysts had expressed concern that his involvement with Twitter, coupled with the need to sell much of his Tesla stock to fund the acquisition, could “cannibalize” the auto stock that forms the basis of the billionaire’s fortune. But what’s happening on both fronts goes beyond the darkest of forecasts: Tesla stock continues to fluctuate wildly but is consolidating a more than 10% loss compared to last week’s readings. Reuters noted that Tuesday night’s drop, which reduced Tesla’s capitalization by a whopping $126 billion, had meant Musk lost $21 billion — exactly the amount the businessman pledged a week ago , to pull out of his equity to fund the acquisition of Twitter, as shown in the prospectus he filed with the SEC, the US stock exchange regulator. A takeover that could become financially problematic for him if Tesla’s stock market hemorrhage continues.

The complaint

As for Twitter, despite Musk’s appeal, which invited all users to stay, even those who don’t love him, and promised total freedom of dialogue on the platform, the first signs are alarming for him: shields from public figures , by Mia Farrow to Black Lives Matter leader Shaun King to actress and model Jameela Jamil to London Mayor Sadiq Khan, while Democratic Senator Elizabeth Warren called Musk’s takeover “dangerous to democracy.” Lots of stomach ache, but few real dropouts among celebrities, also because there aren’t many viable alternatives. Those who are really threatening to leave are the Anonymous collective: they warn: “If Twitter imposes identity verification, we will leave the network, as we already did with Facebook”. Understandable, because the raison d’être of these hackers is anonymity and another problem for Musk, who announced that he wants to make the identity of all users transparent. But the main problem for him is the risk that the takeover will be perceived as a right-wing extremist operation beyond his will. Celebrities don’t go, but many anonymous progressives do: Barack Obama, the star with the most followers on the network, lost 300,000 followers in one night, but the bleeding is also affecting sites dedicated to human rights, without specific political connotation: even those Auschwitz Memorial lost 35,000 members in one night. On the other hand, there is a big party on the right, even if Trump, while praising Musk, prefers to remain on his Truth Social platform for the time being: Marjorie Taylor Greene, flag of the far right, has gained 100,000 followers in just a few hours, while Tucker Carlson, the most visited of the conservative Fox News moderators , 141,000 took. And celebrate with an emphatic “We are back.” Apparently on Twitter, which he considers “regained”. Musk can try corrections, but only in words for now: The acquisition, which involves complex business steps and approval processes, will not be carried out for another six months.

April 27, 2022 (Change April 27, 2022 | 23:21)