The China Mail - Relief, disappointment as Musk abandons Twitter deal

USD -
AED 3.672502
AFN 65.497068
ALL 81.184963
AMD 365.910147
ANG 1.789685
AOA 917.000157
ARS 1492.469302
AUD 1.415208
AWG 1.8
AZN 1.699053
BAM 1.695366
BBD 2.013843
BDT 123.135735
BGN 1.696691
BHD 0.37705
BIF 2990.5
BMD 1
BND 1.279359
BOB 11.793465
BRL 5.196797
BSD 0.9999
BTN 95.268311
BWP 13.46018
BYN 2.986239
BYR 19600
BZD 2.011
CAD 1.393875
CDF 2275.000148
CHF 0.813029
CLF 0.023238
CLP 914.589728
CNY 6.74385
CNH 6.74401
COP 3147.91
CRC 454.22433
CUC 1
CUP 26.5
CVE 96.000291
CZK 21.01805
DJF 177.720345
DKK 6.48403
DOP 58.38014
DZD 132.895587
EGP 50.218802
ERN 15
ETB 159.974962
EUR 0.86735
FJD 2.21245
FKP 0.740048
GBP 0.740775
GEL 2.610216
GGP 0.740048
GHS 11.39602
GIP 0.740048
GMD 74.000053
GNF 8777.502922
GTQ 7.628996
GYD 209.231063
HKD 7.846515
HNL 26.875027
HRK 6.536198
HTG 130.787734
HUF 316.125501
IDR 17858.85
ILS 2.979102
IMP 0.740048
INR 95.34485
IQD 1310.5
IRR 1374625.000061
ISK 123.160163
JEP 0.740048
JMD 158.295084
JOD 0.709033
JPY 159.333495
KES 129.279925
KGS 87.449879
KHR 4055.999784
KMF 428.000114
KPW 900.000293
KRW 1414.769727
KWD 0.30914
KYD 0.833286
KZT 465.567234
LAK 22552.493347
LBP 89683.569293
LKR 334.236292
LRD 181.624969
LSL 16.159947
LTL 2.95274
LVL 0.60489
LYD 6.36502
MAD 9.306502
MDL 17.333189
MGA 4307.494974
MKD 53.386496
MMK 2099.936813
MNT 3596.665371
MOP 8.081969
MRU 40.110193
MUR 47.069639
MVR 15.460276
MWK 1736.999523
MXN 17.05605
MYR 4.085602
MZN 63.901514
NAD 16.160172
NGN 1363.469829
NIO 36.797691
NOK 9.490599
NPR 152.426482
NZD 1.70679
OMR 0.384508
PAB 0.999909
PEN 3.359498
PGK 4.405002
PHP 61.204988
PKR 277.805954
PLN 3.734204
PYG 5966.513668
QAR 3.64575
RON 4.5405
RSD 101.773999
RUB 82.907924
RWF 1468
SAR 3.748756
SBD 8.064941
SCR 13.790621
SDG 600.491204
SEK 9.57695
SGD 1.279665
SHP 0.740866
SLE 24.54963
SLL 20969.492633
SOS 571.501145
SRD 37.669815
STD 20697.981008
STN 21.5
SVC 8.749095
SYP 13001.999716
SZL 16.150494
THB 33.089528
TJS 9.249093
TMT 3.5
TND 2.937014
TOP 2.40776
TRY 47.7762
TTD 6.781351
TWD 32.218034
TZS 2649.998016
UAH 44.67795
UGX 3709.209745
UYU 40.247745
UZS 11958.000166
VES 765.398241
VND 26049.5
VUV 118.442804
WST 2.72999
XAF 568.605049
XAG 0.01525
XAU 0.000226
XCD 2.70255
XCG 1.802074
XDR 0.706905
XOF 567.99973
XPF 103.875015
YER 237.150069
ZAR 16.13595
ZMK 9001.200612
ZMW 18.8184
ZWL 321.999592
  • RYCEF

    -0.0200

    20.55

    -0.1%

  • RBGPF

    2.2800

    72.16

    +3.16%

  • CMSC

    0.0100

    21.45

    +0.05%

  • BTI

    -0.9700

    55.84

    -1.74%

  • RIO

    0.2300

    101.22

    +0.23%

  • VOD

    0.1900

    16.09

    +1.18%

  • AZN

    -0.2500

    158.5

    -0.16%

  • BCE

    -0.2400

    23.13

    -1.04%

  • CMSD

    -0.0400

    21.59

    -0.19%

  • RELX

    -0.8200

    34.55

    -2.37%

  • GSK

    -0.6000

    50.3

    -1.19%

  • NGG

    0.4100

    80.68

    +0.51%

  • BP

    -0.2300

    42.93

    -0.54%

  • BCC

    -1.2800

    84.25

    -1.52%

  • JRI

    -0.0200

    12.71

    -0.16%

Relief, disappointment as Musk abandons Twitter deal
Relief, disappointment as Musk abandons Twitter deal / Photo: © AFP

Relief, disappointment as Musk abandons Twitter deal

Elon Musk's move to abandon his purchase of Twitter has been greeted with a mix of relief and disappointment across the political spectrum, with many criticizing the Tesla founder but others applauding his "exposure" of the influential messaging platform.

Text size:

The announcement of the deal valued at $44 billion in late April sparked fears the platform would see a surge in abuse and disinformation after Musk -- a self-proclaimed free speech absolutist -- said he would largely let anyone say anything allowed by law on Twitter.

Musk's announcement Friday that he no longer wants to buy Twitter triggered celebration by advocacy groups that had launched a campaign to stop the wealthiest man in the world from going through with the purchase.

"A Twitter under Musk's leadership would have ripped open Pandora's box and reopened the floodgates for hate and baseless conspiracy theories -- making the platform, and the country a more dangerous place," said Bridget Todd, communications director at UltraViolet, an advocacy group.

The deal breakdown "is a welcome reprieve for women, people of color and members of the LGBTQ+ community."

Nicole Gill, co-founder and executive director of the left-leaning watchdog Accountable Tech, slammed Musk's bid as "a chaotic crusade."

"Our information ecosystem, safety, and democracy cannot remain at the whim of unaccountable billionaires," she said.

But hopes were dashed for others who believed Musk's stearing of the platform would lead to a decrease in measures aimed at curbing bullying, lies and other abuses deemed politically motivated and anti-free speech.

"The party is really over here. The purge is coming," tweeted conservative commentator Dave Rubin.

Donald Trump Jr, the son of the former president, predicted "censorship" at Twitter "will be back tenfold."

"Zero chance of free thought or speech there at this point," he said on his father's fledgling Truth Social platform, launched after he was booted from his preferred medium where he'd amassed some 88.7 million followers.

The former president was banned from Twitter following accusations he had used it to incite his followers to assault the US Capitol on January 6 last year.

While Musk said he would lift the ban on the elder Trump, the fellow billionaire said he would stick to Truth Social -- a message he reiterated on Friday.

"THE TWITTER DEAL IS DEAD, LONG LIVE THE 'TRUTH'," he posted on Truth Social.

Another conservative Twitter competitor, GETTR, also took the opportunity to tout itself as an alternative platform that would "protect online freedom of expression."

CEO Jason Miller praised Musk "for further exposing the incurable, rotting, politically discriminatory culture" within Twitter.

The deal may be off but the Musk-Twitter tug-of-war is far from over, as the company says it will pursue legal action to enforce the agreement.

E.Choi--ThChM