The acquisition of social network X by Elon Musk marked a major turning point, not only for the tech industry but also for the way information is disseminated online. As X celebrates its 18th anniversary, this acquisition has triggered an unprecedented crisis of confidence. This article analyzes Musk’s promises, the financial challenges, and the controversies surrounding freedom of speech and misinformation that arise from it.
Musk’s Promises: A Bold Financial Commitment
Elon Musk, bolstered by his reputation as a visionary, shelled out the staggering sum of 44 billion dollars to acquire Twitter, now rebranded as X. At the time of the acquisition, the company was facing financial difficulties despite its popularity. Musk then committed to turning the social network’s economic situation around, promising a new era of prosperity and innovation. However, this turnaround attempt proved to be more complex than anticipated.
Crisis of Confidence and User Decline
Despite Musk’s efforts, X experienced a significant decline in its user base, particularly in Europe. Uncertainty about the company’s new directions and changes made to the platform contributed to this erosion of the user base. This crisis of confidence had serious repercussions on the overall health of the social network, with a notable decline in engagement and activity on the platform.
Freedom of Speech: A Double-Edged Sword
The Cardinal Virtue of the Social Network
Elon Musk quickly made his mark by making freedom of speech the central pillar of X’s governance. By removing some of the previously in place restrictions, Musk aimed to create a space where all voices could express themselves freely. Nevertheless, this approach has sparked numerous controversies, particularly due to the increase in problematic content and misinformation.
Proliferation of Misinformation
An analysis conducted by an NGO revealed that Musk’s management fosters the misinformation on the platform. By silencing researchers and reducing content moderation, X has become a breeding ground for the spread of fake news. This situation has worsened to the point where violent and inappropriate images can easily be accessed, including by minors.
Mutation and Turbulence: A New Era for X
Since the acquisition, the social network has undergone numerous structural and cultural changes. Recently rebranded as X, the platform’s future remains uncertain. Musk’s controversial decisions, combined with a bold but risky vision, have plunged the company into a period of unprecedented turbulence. The changes brought to X have defied expectations and redefined the contours of the online media landscape.
