Elon Musk's Volatility Is Alienating Twitter’s Top Content Creators

Elon Musk’s ever-changing Twitter Inc. content policies have attracted the ire of regulators and free-speech advocates.

By:BLOOMBERG
| Updated on: Dec 19 2022, 18:12 IST
Elon Musk Twitter Bankruptcy Talk: Timeline
Elon Musk
1/13 He’s told employees to brace themselves for long hours, that “the road ahead is arduous and will require intense work to succeed,” and said bankruptcy was possible. Here’s how the saga is unfolding: (Bloomberg)
Elon Musk
2/13 Oct. 27: Musk takes control- His first act is to fire the Board along with CEO Parag Agrawal, CFO Ned Segal, head of legal Vijaya Gadde and Counsel Sean Edgett. Musk forms advisory team that includes celebrity attorney Alex Spiro, VC David Sacks, Neuralink CEO and head of Musk’s family office Jared Birchall, investor Jason Calacanis, and partner of Andreessen Horowitz Sriram Krishnan. (Reuters)
Elon Musk
3/13 Oct. 28: Brands begin to take pause- As Musk plans to unban accounts and says he will charge for user verification, advertisers suspend ads. (AFP)
Elon Musk
4/13 Oct. 31: Top tweeters protest- Amid murmurings of plans to charge existing verified accounts, author Steven King tweets, “$20 a month to keep my blue check? F**k that, they should pay me. If that gets instituted, I’m gone like Enron.” (AFP)
Elon Musk
5/13 Nov. 1: Teams working around the clock- The product team works over the weekend on Musk’s idea to charge users for blue check marks. A photo of product director Esther Crawford sleeping on the floor of a conference room, trying to make the deadline, goes viral. Meanwhile, managers are asked to make lists of who can be fired. Employees print out their software code for review by Musk and engineers from Tesla, to determine if their contributions are worthy of keeping a job. (REUTERS)
Elon Musk
6/13 Nov. 3: Massive layoffs begin- A memo is sent to all employees telling them of imminent layoffs and to watch for an email with the subject line: “Your Role at Twitter.” Badge access to offices is suspended as 3,700 staffers receive word that they’ve been cut. Realizing employees essential for the continuity of the business have been let go by mistake, some are asked to come back. (AP)
Elon Musk
7/13 Co-founder EV Williams tweets, “Heart’s out to the tweeps getting laid off today.” Co-founder Jack Dorsey adds, “I realize many are angry with me. I own the responsibility for why everyone is in this situation: I grew the company size too quickly. I apologize for that.” (REUTERS)
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8/13 Nov. 5-6: Musk responds to celebrity protests- Unrest grows on the platform over the weekend, particularly over the issue of impersonator accounts. Actress Valerie Bertinelli starts a movement of people changing their Twitter names to “Elon Musk.” Comedian Kathy Griffin joins the protest, finds her account locked. Then Musk announces, “Going forward, any Twitter handles engaging in impersonation without clearly specifying `parody’ will be permanently suspended.” (AP)
Elon Musk
9/13 Nov. 8: Musk sells more Tesla- Despite a previous vow not to sell any more Tesla stock, Musk sells an additional $3.95 billion, bringing the total sold in past year to $36 billion. (REUTERS)
Elon Musk
10/13 Nov. 9: Musk Blue tick mark- Blue check mark option becomes available for purchase, and immediately becomes a tool for impersonators. An account masquerading as Nintendo Inc. posts an image of Super Mario holding up a middle finger. (REUTERS)
Elon Musk
11/13 Tesla and SpaceX CEO Elon Musk, and a close cadre of advisers are considering a host of changes to the way Twitter is run and makes money. (REUTERS)
Elon Musk
12/13 Nov. 10: More key executives quit as Musk warns of bankruptcy- In his first meeting with employees, Musk tells them to brace for 80-hour weeks and requires everyone back in the office full time. He also says bankruptcy for the company is not out of the question if it doesn’t start generating more cash. Several executives in charge of keeping Twitter safe and accountable to its users quit, including chief information security officer Lea Kissner, chief privacy officer Damien Kieran and chief compliance Marianne Fogarty.. (AFP)
Elon Musk
13/13 Nov. 11: Verified accounts get “Official” tags- Twitter adds badges that say “offiical” to verified accounts in some places, though confusion abounds. More brands depart the platform. (REUTERS)
Elon Musk
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Elon Musk’s volatility is alienating Twitter’s top content creators. (REUTERS)

Elon Musk's ever-changing Twitter Inc. content policies, applied haphazardly to justify banning the accounts of a number of prominent journalists who cover him, have attracted the ire of regulators and free-speech advocates.

The moves have also given the people who make the most content for the social network a reason to flee, which could be bad for business.

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On Twitter, a small minority of users produce the vast majority of the tweets. According to Pew Research, 97% of the posts on the service come from 25% of the users. Those in the media, who rely on Twitter's fast-flowing feed to inform their jobs, are among the top power users. They're such a crucial constituency that for years pre-Musk, Twitter directly recruited and worked with media companies to sign up their journalists for the site and get their accounts verified.

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Reporters are the “heartbeat” of the user base, according to Lara Cohen, former vice president of partners and marketing — a team that was culled in Musk's recent layoffs.

Twitter needs its power users because more interesting content that appears on its site first leads to more reason for other people to join in order to share and comment on those posts. That generates more tweets, which in turn creates more opportunity for advertising revenue.

Musk is also launching a subscription service that will cost $8 a month, the success of which will depend on Twitter serving up regular valuable information and entertainment to subscribers. And he needs Twitter to grow and succeed financially, in order to repay the banks that lent him billions to purchase the network.

Musk seems to understand this in principle. In his first question-and-answer session with employees as their new owner in November, he noted that Twitter needed to recruit the top talent from YouTube and TikTok and find a way for them to be compensated for their work.

When he released internal documents chronicling decisions by Twitter's prior management, he made the reporters with access to the so-called #TwitterFiles agree to release their findings on the social network first.

And yet, in practice, Musk is making life harder for his top creators. On Thursday, a half-dozen journalists from the New York Times, Washington Post and elsewhere found their accounts suspended as they chronicled the ban of an account that was tracking his private jet. Some had followings in the tens or hundreds of thousands.

Twitter Suspends Journalists Who Musk Says Imperiled His Safety

Over the weekend, after restoring some of those users, he went on to ban more highly followed reporters – all of whom were working on stories about Musk. Out of fear that anyone might be banned at any time, top users started sharing links to their alternative accounts.

That, too, irked Musk. So Twitter introduced a new policy against directing followers to Facebook, Instagram, Mastodon and other competing sites.

“This is the last straw,” tweeted Paul Graham, a prominent venture capitalist with 1.5 million followers. “I give up. You can find a link to my new Mastodon profile on my site.” Soon, his account also became temporarily unavailable.

It's not unusual for social media sites to discourage linking to competitors. Facebook has, at times, done so algorithmically or automatically – a practice that was criticized in a federal antitrust case. On Instagram, another Meta Platforms Inc. property, it's been difficult for big accounts to earn verified check marks if they link to a competitive account in their profile. On TikTok, most accounts can't link anything in their profiles.

But on Twitter, which is mostly text-based, creators who may have had bigger followings on other sites have historically come to market their work, wherever it lives. Such a broad policy against it is “unprecedented,” said Jason Goldman, an early Twitter executive. “What matters more is that they are terrified of the exodus.”

With the backlash from Twitter's top users showing no signs of abating, Musk has seemingly made some concessions. On Sunday, he apologized and said that going forward he'll conduct votes on major policy changes, while also tweeting out a poll asking users to decide whether he should step down as head of Twitter.

“Any platform that doesn't recognize or respect its most influential creators generally does not last for long,” said Taylor Lorenz, a Washington Post journalist who covers the creator economy. She found herself banned temporarily over the weekend, after asking Musk to comment on a story.

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First Published Date: 19 Dec, 18:12 IST
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