It seems more and more likely that Musk will have to buy the company. Big changes are likely if the billionaire is given the keys to the social network. There is a chance that Musk would bring back troll, racist, misinformation hawks, and other monsters that have been banned from the social network.
Musk is against the idea of perma-banning people completely. Musk has said that anything that is legal to say should be allowed on the social networking site, which means that he could open the door to a lot of people who aren't allowed on the site. Even though Donald Trump was kicked off the platform for inciting violence, Musk said he would give him a second chance.
There are other defenders of your right to be racist that are threatening to change the face of the internet. Last year, Texas and Florida passed laws prohibiting social media companies from removing posts based on users' political beliefs, and banning social media companies from de-platforming anyone running for office.
The Texas and Florida laws are unconstitutional according to legal scholars. Private companies have the same right to free speech as citizens because of the First Amendment, which states that "Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise of that religion, or abridging the freedom of speech, or of the press." The Florida law was put on hold by a federal judge, but the Texas law was upheld by the 5th circuit court in September, clearing the way for a Supreme Court battle that will turn the internet into a toxic waste dump.
The market doesn't want social media to be a free-for-all and that's what gets lost in the debate. The companies were forced to do more moderation because users wanted it. Most people don't want their feeds to be polluted by hate speech and harassment Advertisers don't like it In January, Truth Social said it would use censorship robots to keep the app family-friendly.