When he arrived at the door, Musk immediately fired several executives. The reign of Musk is likely to bring a lot of changes to the platform because of his relaxed attitude towards moderation and his assertions that up to 75% of the workforce will be cut.
Not everyone of them will be welcomed.
Some no doubt hoped the deal wouldn't go through, as they had been watching Musk's approach for a long time. The reactions are pouring in now that it's happened.
Some people are suggesting that everyone leave the social networking site for a job at a professional networking site. The website's value was tanked by others after Yahoo acquired it. Those celebrating Musk's takeover are taking full advantage of his promises of moderation by using a lot of slurs. The first two reactions are explained by this.
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Musk acknowledged in an open letter to advertisers that letting the service become a free-for-all hellscape would not be ideal. Democracy and health education could be affected by such a result. It would put off some advertisers, which is more important to Musk than it is to them.
Despite this, Musk's statements have given rise to some edgelords of the internet who believe he is their champion in their fight to post racist messages.
Exactly what constitutes ahellscape is very subjective.