A US court has given Musk until Friday to close his $44 Billion deal to buy the world leading micro-blogging site. It looks like he’s taking it more seriously than ever by throwing everything he has at the deal to get it closed.
After changing his Twitter Bio to read “Chief Twit”, he recently tweeted (October 27th 2022) a note addressed “Dear Twitter Advertisers” which read:
“I wanted to reach out personally to share my motivation in acquiring Twitter. There has been much speculation about why I bought Twitter and what I think about advertising. Most of it has been wrong.
The reason I acquired Twitter is because it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence. There is currently great danger that social media will splinter into far right wing and far left wing echo chambers that generate more hate and divide our society.
In the relentless pursuit of clicks, much of traditional media has fueled and catered to those polorized extremes, as they believe that is what brings in the money, but, in doing so, the opportunity for dialogue is lost.
That is why I bought Twitter. I didn’t do it because it would be easy. I did it to try to help humanity, whom I love. And I do so with humility, recognizing that failure in pursuing this goal, despite our best efforts, is a very real possibility.
That said, Twitter obviously cannot become a free-for-all hellscape, where anything can be said with no consequences! In addition to adhering to the laws of the land, our platform must be warm and welcoming to all, where you can choose your desired experience according to your preferences, just as you can choose, for example, to see movies or play video games ranging from all ages to mature.
I also believe that advertising, when done right, can delight, entertain and inform you; it can show you a service or product or medical treatment that you never knew existed, but is right for you. For this to be true, it is essential to show Twitter users advertising that is as relevant as possible to their needs. Low relevancy ads are spam, but highly relevant ads are actually content!
Fundamentally, Twitter aspires to be the most respected advertising platform in the world that strengthens your brand and grows your enterprise. To everyone who has partnered with us, I thank you. Let us build something extraordinary together.”
What Does This Mean For Advertisers?
Does this mean that advertising on Twitter in the UK may actually be worthwhile again? Or is Elon just trying to rile up business for the financial partners he now owes a lot of money to?
Well one thing is for sure, Everything Digital will be keeping a close eye on the advertising landscape to come and at the earliest possible moment, we will jump aboard the twitter ad train, providing it’s the right thing to do for our clients.
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