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Elon Musk Has Angered Joe Biden By Purchasing Platform That “Spreads Misinformation”

Biden attended a fundraising event in Chicago for upcoming elections, wherein he called out Elon Musk for purchasing Twitter.

Elon Musk Has Angered Joe Biden By Purchasing Platform That "Spreads Misinformation" 3

With the rise of Facebook (later rebranded to Meta), which was accused of information manipulation based on user demographics, the significance of social media platforms in influencing international politics was first brought to light. As US President Joe Biden accused the website of spreading misinformation, Elon Musk’s freshly bought Twitter got the short end of the stick.

At a Chicago fundraising gathering for forthcoming elections, Biden criticized Elon Musk for acquiring Twitter. He stated:

“Now what are we all worried about? Elon Musk goes out and buys an outfit that sends and spews lies all across the world.”

While the Biden administration has previously clarified its stance to promote the suppression of hate speech and misinformation on social media platforms, the president highlighted the lack of supervision on Twitter, adding:

“There’s no editors anymore. There’s no editors. How do we expect kids to be able to understand what is at stake.”

Since the debut of Bitcoin in 2010, the cryptocurrency community has made Twitter its primary platform for debating numerous subtleties and reaching consensus on chosen courses of action. With the $44 billion purchase of Twitter by Musk, unfettered speech was promised. However, because of worries about content control and the rise in hate speech, several marketers have stopped working with Twitter.

Elon Musk’s first move for Twitter is to charge customers

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Musk’s first move for Twitter is to charge customers who want to keep their account verification a $8 monthly subscription.

Changpeng “CZ” Zhao, the CEO of cryptocurrency exchange Binance, contributed $500 million in fiat money to support Musk’s effort to acquire Twitter.

The formation of a team by Binance to assist Twitter’s blockchain initiatives has been announced, but no formal announcement has yet been made.

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Annie

CoinCu News

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.