Twitter CEO Elon Musk has criticised "media elite" and stated that the increased competition from citizen journalism will lead the mainstream media's "oligopoly on information" to be disrupted.
On Friday, Musk took to Twitter and shared a couple of
tweets that reflected his thoughts on the current state of journalism.
In the first one he spoke about Twitter's goal of elevating
citizen journalism and wrote, "As Twitter pursues the goal of elevating
citizen journalism, media elite will try everything to stop that from
happening."
Further, in a subsequent tweet, he said that though the
"mainstream media will still thrive, but increased competition from
citizens will cause them to be more accurate, as their oligopoly on information
is disrupted."
Basically, it seems like the tech entrepreneur wanted to
imply that mainstream media's need to check the information accuracy has
increased as there has been a rise of citizen journalism in recent years due to
social media platforms.
Meanwhile, since completing the Twitter deal, the wealthiest
man on the planet has made a flurry of decisions impacting the working of
Twitter that has millions of daily active users.
Among the biggest change that Twitter is seeing is the
inclusion of the new $7.99 per month Blue subscription. However, Musk's
decision to implement the blue tick fee did not go well with many. Even some
advertiser pulled back their leg from the site.
Also, celebrities including Whoopi Goldberg and Gigi Hadid
quit Twitter in the days following its acquisition.
In other news, it has been reported) that Twitter on Friday
brought back the "official" badge to some accounts, just days after
doing away with it, while several users reported the new subscription option
for the blue verification check mark had disappeared.
The move follows a surge in fake accounts on the platform
after new boss Elon Musk allowed users to pay $8 for the coveted blue check
mark that was previously reserved for verified accounts of politicians, actors
and other major personalities. © Reuters
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