Elon Musk takes a ‘much harder road’ by buying Twitter: Myspace founder

Brad Greenspan, founder of one of the first social networking sites, Myspace, said on Tuesday that Tesla CEO Elon Musk was in a “great position to live the entrepreneur’s dream” and start his own “Twitter clone.” instead of buying social networks. media platform

Greenspan, who is the founder of Intermix/eUniverse Inc., which started Myspace in 2003, argued that Musk will deeply regret his Twitter purchase of “Varney & Co.” about two weeks after the deal was announced.

Late last month, it was revealed that the company’s board of directors unanimously accepted Musk’s $44 billion offer to take the social media giant private.

Myspace founder argues that Elon Musk is taking a “much harder road” by buying Twitter. (Getty Images/Getty Images)

“I think he’s taking the much harder road,” Greenspan told host Stuart Varney, adding that he was “surprised” when he first heard about the deal, especially given that the Tesla CEO had more than 90 million followers.

“He was in a great position to live out the entrepreneur’s dream and start his own Twitter clone,” Greenspan argued.

“I’d be able to hire as many people as I wanted. I wouldn’t have to go through piece by piece surgically rebuilding Twitter and I’d be able to spend a lot less money and own 100% instead of having to break it down bit by bit to raise the money and effectively give a lot.” control”.

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In a statement, Musk said that “freedom of expression is the foundation of a functioning democracy, and Twitter is the digital public square where issues vital to the future of humanity are debated.”

He added that he wants to “make Twitter better than ever by improving the product with new features, making the algorithms open source to increase trust, defeating spam bots, and authenticating all humans.”

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TWTR TWITTER INC. 47.26 -0.70 -1.46%

Musk is a frequent Twitter freak, whom he has previously accused of stifling free speech. In the past, the tech executive, who describes himself as a “free speech absolutist,” has proposed relaxing Twitter’s content restrictions.

During a recent interview at a TED conference, Musk argued that social media shouldn’t remove offensive comments if they’re still legal.

“If it’s a gray area, let the tweet exist,” Musk said.

Asked by Varney if he thinks Musk can run Twitter properly, turn a profit and restore free speech, Greenspan argued that the Tesla CEO is a “rookie” in the space and “has no real experience operating the internet or successes.” .

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The transaction is expected to close in 2022, subject to Twitter shareholder approval, receipt of applicable regulatory approvals and the satisfaction of other customary closing conditions.

Twitter Independent Board Chairman Brett Taylor said the company “conducted a thoughtful and comprehensive process to evaluate Elon’s proposal with a deliberate focus on value, certainty and funding.”

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Megen Henney and Lucas Manfredi of FOX Business contributed to this report.

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