In the aftermath of Truth Social’s disastrous launch, Elon Musk looks at being the new player in the social media industry. The social media landscape has increasingly become hostile to conservatives as there is evidently a recent surge of purging because of Twitter’s support for transgenderism and child grooming. I have been locked out of my own account for several months because of the Kyle Rittenhouse trial. The field of replacements for Twitter is vast, with very few, like Gab being successful alternatives to Twitter and YouTube.
The consequences of this poll will be important. Please vote carefully.— Elon Musk (@elonmusk) March 25, 2022
Elon Musk instead of building his own tech platform, decided to purchase approximately 9% of Twitter shares, causing share prices to spike. In addition to having to declare intentions with the SEC for exceeding the 5% threshold, Musk was also appointed to their board of directors.
Musk reached out to us before he polled his followers about Twitter's commitment to free speech. He wanted to confirm that we had, in fact, been suspended. He even mused on that call that he might need to buy Twitter. Now he's the largest shareholder and has a seat on the board.— Seth Dillon (@SethDillon) April 5, 2022
Seth Dillon touts that Babylon Bee’s censorship on Twitter, in part, played a role in Musk’s decision.
Though Evangelical Dark Web has disagreed with the Babylon Bee’s gospel presentation to Musk in the past, this event could have a major cultural impact that dwarfs that of other Christian media companies.
But will it?
It’s not like Elon Musk does not have a history of overpromising and underdelivering. Having 9% ownership is a far cry from the majority threshold. And for him to increase his own ownership would only get more expensive as his purchasing will drive up the cost per share. But Musk being the richest guy in the meetings could establish him as an alpha male.
Ultimately, that is a best case scenario. Twitter’s new CEO is more cutthroat than Jack Dorsey. And even then the developers will likely not be on board with a reduction in the censorship. Andrew Torba, CEO of Gab weighed in on Elon Musk investing into a competitor.
Ultimately, Torba’s sentiment that 90% is control, not 9% is correct. So while it’s interesting to ponder the cultural impact Babylon Bee is having to improve the social media landscape, it’s highly unlikely this will amount to anything.