We don’t usually send newsletters out this time of the week, but a recent news piece was too important not to share! As of this morning, it was announced that Elon Musk bought Twitter for a reported USD$44 billion.

But what will this all mean? No one knows for sure yet, but what we do know is that Elon Musk is a big advocate for “free speech.” As we know when it comes to public forums, free speech can be interpreted in a lot of different ways, depending on which side of the political spectrum you lean.

When it comes to “communities” and “crypto”, this may have a very interesting impact. Twitter only just recently started rolling out a ‘communities’ groups feature, Ethereum-based NFT profile pictures, and cryptocurrency payouts for creators.

Although Musk is an innovator, he’s not necessarily a fan of Bitcoin (BTC), which Jack Dorsey is a big fan of. Jack recently left Twitter as CEO to focus on Bitcoin (BTC) at his other company, Square. Musk actually prefers another coin called Doge, which was actually created as a joke, to hammer the point that a new type of global currency won’t win without winning the meme wars. Why memes? Culture - plain and simple - something we talk often about at Faiā. And to make things even more interesting, since the Twitter buyout was announced, Doge has surged in value. Instead of shooting for the moon, Musk is taking Doge fans “to mars.”

With Mark Zuckerberg (Facebook) focused on the Metaverse, Jack Dorsey (Twitter) focused on BTC, and now Elon possibly steering Twitter to Doge (😂), what impact do you think this will have on social media, “free speech,” and even the adoption of crypto-currencies?

PS. Don’t forget that our Meta-Community Foundations course is now available online. Click here to learn more.