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Current Event 4

Topic of Article: Elon buys Twitter

Title of Article: Elon Musk dissolves Twitter's board of directors

Elon Musk dissolves Twitter's board of directors

Who

The article is Twitter and Elon Musk

What

The story is about Elon Musk finally gaining control of Twitter

  1. Elon Musk dissolved Twitter’s board of directors , which was revealed in a US Securities and Exchange Commissions filings
  2. Elon Musk and his team are considering major job cuts which could result 1 of 4 staff members
  3. Elon acquiring Twitter has led to a “national-security issue”, as there has been Saudi Arabian presence with the buyout
  4. Prince Alwaleed bin Talal bin Abdulaziz Al Saud and the Kingdom Holding Company are the second largest investor in the company

When

Within the last couple of days

Where

At Twitter, in the Americas specifically relating to the economy, but has a global impact as it changes privacy and advertisement concerns.

Why

This story is important because the acquisition of Twitter by Elon Musk will result in a major company strategy - such as the promotion of free speech rather than censorship. This is important as 1. this buyout can influence American economics 2. other companies can follow suit and develop strategies similar to Elon’s

Connect

The article is relevant especially to the younger generations, as social media plays a huge role when it comes to the ideas and beliefs being spread. Because of the current structure of social media, this acquisition could bring a change to the current state of social media - especially when it comes to our advertisement and privacy experiences. I wouldn’t say that this acquisition connects with what we have learned in class so far.