April 26, 2022
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8:03Now PlayingNew York Times opinion writer Kara Swisher joins CNN's Alisyn Camerota to discuss what Elon Musk's Twitter takeover means for free speech and the spread of misinformation. Then, CNN chief media correspondent Brian Stelter shares how complex content moderation is on social media platforms, and the "extraordinary education" Musk will soon experience on the topic.
Why Elon Musk buying Twitter is such a big deal
by Brian Fung, CNN Business
Elon Musk is set to take control of Twitter in a $44 billion deal that, at least judging by some of the reactions, feels like it could reshape the internet as we know it.
Twitter may seem rather ordinary on paper. The company's user base and market value are less than a tenth the size of Meta, Facebook's parent company. Its total revenue last year was roughly the same as Western Union. And prior to this month, Twitter's stock was below the closing price from its first day of trading more than eight years ago.
But Musk's bid to take Twitter (TWTR) private has inspired unsolicited input from US lawmakers, rampant speculation about its impact on the 2024 US presidential election, and even breathless, hyperbolic comparisons to the last days of Weimar Germany.
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