US President Joe Biden criticizes Twitter for 'spreading lies'

The fact that social media now play a decisive role in political decision-making has become particularly clear in recent years, particularly on the example of Facebook (today Meta), whereby the platform has actively intervened in the democratic process by providing or withholding information to certain users . After the takeover of Twitter by Elon Musk, US President Joe Biden's short message service is now also being sharply criticized.

At a fundraiser for the upcoming "midterm election" in Chicago, Biden offered appropriate criticism of Musk when he said:

"You know what we're worried about? That an Elon Musk just buys a platform that spreads lies around the world.”

The Biden government is committed to fighting hate speech and false information on social networks, which is why the President in his speech specifically denounces the abuses on Twitter, which he sees primarily in the lack of editorial support for the information disseminated:

“There are no longer any editors checking content. How can we expect our children to understand what is at stake here.”

Since bitcoin

Founded in 2010, the crypto community has organically chosen Twitter as the industry's premier platform for exchanging opinions. Musk's $44 billion acquisition of the network is being touted as promoting free speech, but it has prompted scores of users and advertisers to opt out of Twitter.

As one of his first acts, Elon Musk instituted a $8 monthly fee for the "blue tick" on Twitter profiles, indicating that such an account is verified.

Binance CEO Changpeng “CZ” Zhao also supported the purchase of the social network by contributing $500 million in investment capital with his market-leading crypto exchange.

As a result, Binance will provide a dedicated team to develop crypto and blockchain solutions for Twitter.

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