On Saturday, Tesla CEO Elon Musk said that Twitter would establish a content moderation council to monitor important social media network policy decisions.
In the words of Twitter’s new owner, no major content decisions or account reinstatements will be made before that council meets.
Musk claims that Twitter will establish a multi-member council to oversee content moderation.
Simply stating, “We have not yet made any modifications to Twitter’s content moderation policy,” he clarified that nothing had changed.
Musk has stated his desire to transform Twitter into a “free speech zone,” and has even left the door open to the possibility of welcoming back Donald Trump, the 45th president of the United States.
The decision to unban users appears to have been deferred to the council responsible for content control.
Meta, which uses Facebook as its platform and makes moderation choices, is governed by a similar Oversight Board.
Musk has made the microblogging service private, as revealed in a recent SEC filing. The company’s stock will no longer be traded on the New York Stock Exchange as of November 8. (SEC).
Twitter will be delisted on November 6th, the same day as the midterm elections in the United States.
According to the filing with the SEC, the New York Stock Exchange planned to remove the whole class of the aforementioned securities from listing and registration on the Exchange effective at the opening of trade on November 8, 2022.
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A privately held company is not subject to the same stringent regulations as a publicly traded one, and it is not compelled to declare quarterly financial results to the public.
In addition, Musk’s influence on Twitter will grow.
If Twitter’s present board members resign, a new board will likely be chosen. Musk is expected to serve as interim CEO of Twitter.