Twitter stock will get ‘hit hard’ if Musk doesn’t buy it: Expert
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Facebook whistleblower Frances Haugen is "cautiously optimistic" that Elon Musk's $44 billion deal to take Twitter private at $54.20 per share could lead to positive change for democracy and safety on the social media platform.
Haugen made headlines last year after accusing her former employer of prioritizing profits over user safety in press interviews and testimony to Congress and sharing thousands of internal Facebook documents on topics ranging from Instagram's impact on teens to hate speech and misinformation on its platforms.
(Matt McClain-Pool/Getty Images / Getty Images)
"I've maintained since my first testimony that I think a lot of the problems that we're facing on social media are a result of a business model," Haugen tells FOX Business.
She argues that Facebook struggles to address its issues because CEO Mark Zuckerberg has "surrounded himself with people who tell him what he wants to hear."
In comparison, she believes Musk is an independent thinker who can take hard feedback and has a data-driven perspective that could lead to meaningful product safety and design changes.
(Getty Images)
"I have a feeling that Facebook is going to rationalize to itself that it can't really do anything different than it already does because of the demands of the market," Haugen says. "I think there's a huge opportunity here for Elon to...
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