Elon Musk Memes Flood Twitter
After news broke that Elon Musk is buying Twitter for $44 billion, Twitter users greet the new owner in their own language – memes!
Elon Musk has more than 52 million followers on Twitter, where he called memes “modern art”. He also shares visual jokes regularly on his account and enjoys criticism and support in the form of visual gags.
What Elon Musk Says About Memes
"Who controls the memes controls the universe," Mr. Musk tweeted last summer. Although he doesn't make visual jokes himself, he finds them online and reposts his favorites without citing their origins. However, many content creators argue memes are valuable intellectual property and criticise Elon Musk for not giving the credits.
It's not uncommon to see this practice where many people on the internet share other people's memes without giving credit, partly because memes rely on reinterpretations of joke formats. Most of the time, it's not really clear where the content first begins.
Elon Musk Memes: Trending
Besides the content creators, many notable personalities have also contributed to the "Elon Musk memes" trend. For instance, Marc Andreesen, the venture capitalist and co-author of the first widely used web browser, has shared jokes about Mr. Musk buying Twitter. Even the Financial Times also contributed to the recent meme trend.
Elon Musk buys Twitter, Sending Dogecoin Price to the Moon
Dogecoin climbed 30% after the "Elon Musk memes" trend sparked by his Twitter acquisition plan. While there's no direct correlation between Dogecoin price and the recent deal, the tech entrepreneur has hinted about introducing DOGE payments on the social media platform. Many investors are bullish on the prospect of DOGE's higher utility, sending the meme coin's price to the Moon.
What’s Next After Twitter Takeover?
After announcing the deal, Elon Musk, one of Twitter's most popular personalities, said free speech is the "bedrock" of democracy and that Twitter is the digital "town square". He also showed the desire to enhance some features, make the algorithm open source to improve trust, defeat the spambots, and remove the fake accounts.
The Fate of Banned Accounts
Since Musk describes himself as a "free speech absolutist", the question of which banned account to reinstate has become apparent for Twitter users.
Some say it could be the account of the former US president, Donald Trump, who was permanently banned shortly after the Capitol riot in January 2021. Twitter said this was due to the risk of "further incitement of violence". On the other hand, Elon Musk said he would be very cautious with permanent bans on Twitter and prefer a timeout system.
Revenue and Ads
Twitter investors were concerned with the company's slow growth in revenue and users. Elon Musk raised the possibility of getting rid of advertisements from the platform's premium service to improve user experience. On the other hand, 90% of Twitter's annual revenue comes from advertising, making the proposal look radical.
Other possible changes could be related to management and features, like post insights or an edit button. Musk expressed his concerns about how the company runs, but he wasn’t the first Twitter shareholder to think so. He also said that Twitter users should be able to see how well their post has been performing. A possible edit button might also be on its way for the users. This speculation came after he flagged the possibility of introducing the feature. In response to the recent takeover and possible aftermaths, here are some Elon Musk memes:
Douglas Boneparth, the president of the Bone Fide Wealth, joked, "Sex is cool, but have you ever paid $44 billion for an edit button?".
Others also took the opportunity to tease Elon Musk with memes.
Some users tweeted a meme saying, "Elon Musk spending $43 billion to stop getting bullied on Twitter when he could've simply been less annoying is insane".
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Author: Wasay Ali
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