Elon Musk: Mark Zuckerberg has too much Social Media power

Elon Musk referred to Mark Zuckerberg as Zuckerberg the 14th an apparent nod to the famous Louis XIV the Sun King and accused him of wielding too much influence over the platforms he controls. Twitter’s new owner says his bid to buy the microblogging service is not about making money, but about broadening Twitter’s appeal and protecting free expression. He added that a more accessible social media platform was one of Musk’s goals.

Even when Facebook, Instagram, and WhatsApp are all owned by Mark Zuckerberg, the 14th generation of Zuckerbergs will still be in charge. Actually, that’s what I mean. On Twitter, you won’t see Zuckerberg being ridiculed by Musk. Tesla CEO Elon Musk has said that he prefers to retain Twitter’s largest number of shareholders rather than monopolize the company. He currently holds a 9.1 per cent stake in Twitter.

On the other hand, Facebook CEO Mark Zuckerberg holds a 12.8 percent stake in Meta, the social media platform’s parent company. This is not the first time that Facebook CEO Mark Zuckerberg and Tesla CEO Elon Musk have hit out at each other. When in doubt, leave the speech as it is. Let the tweet go live if it’s in a gray area When discussing censoring specific topics and tweets, Musk said this.

Zuckerberg has a lot of social media power, with Twitter boss Musk comparing Tesla chief King Louis XIV, mocking the Meta CEO and promising a different share ownership structure. Tesla President Elon Musk has scorned Meta Chief Imprint Zuckerberg for possessing the goliath. media stage, while Musk himself is attempting to purchase the monster media stage Twitter.

Speaking at a TED conference in Vancouver, Musk accused Zuckerberg of exerting too much control over public debate given his ownership of Meta, which is the parent company of Facebook, Instagram, WhatsApp and other social media sites.

For media type ownership, I mean, you have Mark Zuckerberg who owns Facebook and Instagram and WhatsApp, and Mark Zuckerberg XIV with a share ownership structure will still control those entities,” Musk said to King Louis XIV.

Musk additionally said he needs to keep Twitter’s calculations open-source and straightforward, as well as permit the site to decide in favor free discourse versus restriction. Musk said that Twitter can go about as an “comprehensive field with the expectation of complimentary discourse”.

The news of Musk’s potential Twitter ownership hasn’t gone down well with many Twitter employees. As reported by The Washington Post, while Twitter is a fairly liberal workplace, Musk has frequently drawn criticism for mocking gender pronouns and sharing Covid-19 misinformation.

Tesla has also faced several lawsuits for racial discrimination and sexual harassment. Musk’s acquisition of Twitter would be a nightmare for many employees who have worked under [former Twitter CEO] Dorsey and the Twitter regime,” Daniel Ives, a managing director and senior equity research analyst at financial services firm Wedbush Securities said.

Elon Musk was speaking at a TED conference in Vancouver, British Columbia, when he took a dig at Mark Zuckerberg Elon Musk accused Mark Zuckerberg of having too much power on social media, even as he bought himself $43 billion on Twitter tried to sell

Elon Musk was speaking at a TED conference in Vancouver, British Columbia, when he took a jibe at Mark Zuckerberg over his ownership of Meta, the parent company of significant virtual entertainment stages like Facebook, Instagram and WhatsApp. Asked whether his status as the world’s richest person could potentially become a conflict of interest as he seeks to buy Twitter, the Tesla chief hit back at Zuckerberg, The Guardian reports.

As far as media ownership, I mean, you have Mark Zuckerberg who owns Facebook and Instagram and WhatsApp, and with a share ownership structure Mark Zuckerberg would be the 14th who still controls those entities, he said, apparently referring to King Louis XIV of France, whose reign was the epitome of absolute monarchy.

We wouldn’t have that on Twitter,” Elon Musk added as the audience laughed. Mark Zuckerberg holds more than 55% of Meta’s voting shares, which gives him majority power. The $43 billion offering could face several challenges: potential government approvals, legal as well as regulatory due diligence, negotiation of a final agreement and, of course, how to pay for it.

On top of that, Twitter announced a “poison pill” plan Friday to defend itself against Elon Musk’s $43 billion hostile takeover bid that would make it harder for the billionaire to regain a controlling stake.

Twitter said its board unanimously adopted a so-called shareholder rights plan, also known as a “poison pill,” that would allow investors to buy more than 15 percent of the shares without the consent of the directors.

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