Twtzer- The Next Big Thing After Twitter Acquisition

Twtzer- The Next Big Thing After Twitter Acquisition

Back in January 2022, the business magnate Elon Musk started to purchase shares of Twitter [an American social media company] and in April, he likely became the company's largest shareholder capturing a 9.1 percent ownership stake.

So, Elon Musk began the process of acquisition of Twitter in the mid of April 14, 2022, and now ceased on October 27, 2022.

Musk beforehand mentioned his plan to introduce exciting embraced features to the platform, making the algorithm open-sourced, counter spambot accounts, and fostering free speech. On October 27 Musk took over the microblogging site and finally became the new owner and CEO of Twitter.

Meanwhile, Musk laid off several top executives, including ex-CEO Parag Agrawal, ex-finance chief Ned Segal, and ex-legal affairs & policy chief Vijaya Gadde. Since then he is proposing many reforms to Twitter like the formation of a "content moderation council" that will tackle free speech.

The buyout acceptance shows a mixed outcome- where some praise his proposed reforms and vision for the future growth of the company, on the other hand; many criticize Musk over fears that might show a potential boost in misinformation, deceit, hypocrisy, and hate speech on the platform.

On the action and decision of Musk, conservatives, libertarians, right-wingers, and republicans are highly complimenting the purchase, whereas liberals, progressives, left-wingers, and democrats, along with previous and present employees of Twitter are raising concerns about Musk's intentions

The Massive Drop According to Elon Musk, Twitter has encountered a “massive drop in revenue” due to the backoff and pause of advertising by major advertisers on the social media platform. He blamed “activist groups pressuring advertisers” in the tweet stating that Twitter hasn’t altered its content moderation strategy. He also said that the company has over and done with “everything we could to appease the activists.”

Recently, several companies declared that they would temporarily pause providing advertisement expenditure on Twitter to examine how things might transform under Musk’s ownership. The companies that halted the support are Tesla competitors General Motors and Audi, Food titan General Mills. This expression was seen after Musk accomplished his $44 billion acquisition on October 28. Moreover, Advertisement giant IPG urged clients to temporarily cease their Twitter media plans to check the results.

Elon Musk has said to start the mass layoffs on Friday, abruptly eliminating the workforce of Twitter's social media platform. The company declared this info through an email to staff on Thursday saying “In an effort to take Twitter on a healthy path, we need to go through the difficult process of taking the edge off our global workforce on Friday.”

The email sent by Twitter also mentioned that its offices will be temporarily shut down and all badge access will get suspended to ensure the protection of each employee, Twitter systems, and customer data as well. Recently, Musk also mocked an American politician with a humorous comment that escalated the news further.

With the chaos going on with Twitter- one of the renowned social media platforms, the hype follows another decentralized social media network with positive influence. While reading through tweets and humorous posts about Elon Musk and his mocking statements; Twtzer seems to stand out of the crowd. This is a DeSo blockchain trying to endure a major positive force for wide adoption. This platform has already participated in the competition and is destined to propose innovation back to the internet The internet has always appreciated a fundamentally decentralized ecosystem, embracing all sorts of applications. After putting efforts and innovations in the Defi industry, we are now convinced that the pendulum has swung back again toward decentralization, so, here we all have an opportunity to be a part of this uptrend stock.

Here’s Twtzer for you - Let’s Twtzer Twtzer brings a new generation of applications that the overall space can freely use to fill their pockets, unlocking the full potential of technical ingenuity. Overall adoption is surely a long game away, and instead might take years to reach the top, however, the team is focused and working thoroughly on one application at a time.

Here is the blockchain-based social networking platform completely unbiased and freely accessible to everyone. This application is secured by Blockchain security layers, maintained on smart contracts, and built with cautious attention. Twtzer application is currently built for Desktop, iOS, and Android. Recently, the team commenced the IPO event for its native currency- TWTZ.

To host the crowdfunding event, the Twtzer team has allocated almost 49% of the total shares to the crowd and the remaining shares will be used for liquidity, burning, staking, development, and team management purposes. You can be among the initial buyers and hold the TWTZ tokens to reserve lifetime shares and earn future dividends of application revenue.

According to the official post, the IPO of Twtzer will be hosted on its official page right on the 8th of November, so you can join their social media channels to check out the latest updates and stay with us for more cracking news.

Website : https://twtzer.com/ Twitter : https://twitter.com/TheTwtzer Telegram: https://t.me/twtzer Discord : https://discord.com/invite/ehhprcESQw Medium : https://medium.com/@twtzer