Welcome to our blog! Stay up-to-date on the latest news, trends, and insights from our team!
April 29, 2022
In the short-term… Not much. In the long term? It’s anyone’s guess.
So, how did we get here?
If you’ve been cut off from news for the past few weeks, here are a few of the major headlines you’ve missed:
April 4: We learn that Elon Musk—the famed CEO of Tesla and SpaceX as well as the world’s richest man—has purchased 9.2% of Twitter’s shares, worth about $2.9B, making him the company’s biggest shareholder.
April 5: Twitter announces that Musk will be a new board member.
April 10: Twitter announces Musk will no longer be joining the board.
April 14: Musk offers to buy the entire company for $43B. A few hours later, he speaks at the TED2022 conference.
April 25: After several more interesting twists and turns, Twitter accepts the acquisition offer, and includes a $1B termination fee if the deal goes south.
UPDATE: A helpful Protocol article is being updated as this strange sage continues…
Assuming that the deal doesn’t fall apart, Musk will be taking over Twitter. However, the deal will take several months to be officially finalized. Until then, the platform will likely not see major changes. After that, though…
In this LinkedIn post, Matthew lays out a few possibilities that Musk has reportedly proposed:
The biggest talking point throughout the saga has been Musk’s stated desire to implement Musk’s vision for “free speech” on Twitter. What that means, precisely, is still not entirely clear (and many have pointed out the confusion and challenges around this crusade). From a marketing perspective, the notion is making some brands anxious, especially when it comes to advertising, as leaders worry about getting mixed up in toxic rhetoric.
Apart from existential questions this journey so far has raised, there is reason to be hopeful. Musk has a track record of achieving immense success, and if he can replicate that at Twitter, the sky is the limit. We should expect fast-tracking of features he has expressed desires for (an edit button is already being tested).
Brands will want to keep an eye on how censorship and misinformation safeguards are relaxed. But on the plus side, Musk may take risky bets in order to drive new revenue, making it a potentially opportunistic time to be a Twitter advertiser.
Let’s make Twitter maximum fun!
— Elon Musk (@elonmusk) April 28, 2022
Whatever happens, it’s sure to be an interesting ride! Stay tuned.
Check out our latest social media updates below, or view all posts.
Blog
Instagram is Developing a Private, Shared Reels Feed for Friends
The expert team at Dooley Social Studio helps brands get attention by being thoughtful about how they give it. Our goal is to make every social interaction with your company a remarkable one. Get in touch to find out how a partnership with Dooley Social Studio can grow your brand.
We're always up to something exciting at Dooley Social Studio. Check back here regularly for our latest news, insights, and happenings. From industry trends to company updates, we've got plenty to share. Don't miss out on what's new in our world!
Mastering the Market with Amy Hertsenberg
From emerging trends to core concepts, our Paid Media Director, Amy, breaks down complex topics into engaging, easy-to-understand discussions.
Formerly Dooley Media
2872 Wasson Road
Cincinnati, OH 45209