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Elon Musk hated Twitter’s free speech policy so much… he bought $3bn shares to take control

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Billionaire co-founder and Chief Executive Officer (CEO) of electric vehicle maker, Tesla,
Elon Musk, hated Twitter free speech principles so much he had to purchase a 9.2 percent stake in the company worth approximately $3bn, to take control.

As the shock of the acquisition begins to settle down after Musk purchased exactly 73,486,938 Twitter shares to make him the single largest shareholder in the social media company, past tweets by the world’s richest man have revealed he was so angry with the free speech policies of the platform that he bought over the platform.

Musk who now has four times the number of shares the company’s founder, Jack Dorsey, had always been critical of Twitter’s free speech principles and on several occasions, had called for censorship to be stripped back and even shared a tweet discussing this view.

“Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy,” he had once written.

“What should be done?” He added, with a poll which had majority of respondents giving him support, with some asking him to do something about it.

In another tweet shortly before buying the shares, Musk had insinuated that he could take over the platform with his followers not knowing he had already purchased his stake in the company at that point.

Experts have quickly drawn up the conclusion that his purchase of the Twitter shares was made with the aim of bringing about some significant changes at Twitter.

With Musk’s purchase of the shares, and the company stock shooting up by 25 percent within 24 hours of the announcement, investors are looking forward to sweeping, positive changes in the near future.

Musk is yet to tweet about his purchase of Twitter shares but his 80 million followers may not have to wait for long.

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Airtel Kenya expands 5G network to 39 counties, 285 wards

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Airtel Kenya has announced an expansion of its 5G network to 39 counties and 285 wards in the country.

The expansion, according to the giant telco company, has now doubled its 5G footprint, up from 16 counties and 180 wards in July 2023.

The company also revealed that it has increased the number of its 5G sites to 690, up from 372 when the network went live, with further plans to launch an additional 1000 sites by the end of this year, which will bring the total number of 5G sites to 1690.

While addressing journalists at a breakfast media briefing, Ashish Malhotra, Managing Director, Airtel Kenya said the rollout which is the biggest ever in Airtel Kenya’s operations, will improve indoor coverage in towns and connect rural areas and will specially focus on enhancing and deepening Airtel’s network coverage in the northeastern region of the country.

“Aw Airtel Kenya, we are steadfast in our dedication to supporting digital inclusion, and we are encouraged by the market’s response to our offerings,” Malhotra said.

“We are confident that our ongoing network expansion will enable us to extend connectivity to more communities nationwide, ensuring that no one is left behind in the digital revolution.

“In marking this milestone Airtel Kenya has rolled out the unlimited home broadband 5G plans, structured across three tiers: 10 Mbps at Kes 3,500 monthly, 20 Mbps at Kes 5,000 monthly, and 30 Mbps at Kes 6,500 monthly,” he said.

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Egyptian startup Potcast Productions raises funding to upscale offerings

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Potcast Production, an Egypt-based innovative company that specializes in podcast production, has announced securing an an undisclosed pre-seed funding round to help enhance its content production capabilities, scale its marketing efforts, and accelerate the development of new podcast series.

Potcast Productions which was established by entrepreneur Islam Adel in 2020, creates 15 diverse podcast programmes tailored to various target demographics, and has racked up seven million listens and over 600,000 viewing hours within the last six months.

According Adel, the pre-seed funding round comes from Innovative Media Productions (IMP), the media company behind Egypt’s Shart Tank television show, which made its first investment in Potcast Productions back in April, as well as renowned investor Ahmed Tarek Khalil.

“The funds will be used to enhance Potcast’s content production capabilities, scale up its marketing efforts, and accelerate the development of new, high-quality podcast series that cater to a diverse and growing audience,” Adel said.

“This round of investment will also support plans to produce high quality audio experiences both digitally and offline, further solidifying Potcast’s position as a leader in audio-first content production.

“The injection of funds will be directed towards enhancing Potcast’s capacity to produce high-quality content, scaling its marketing initiatives, and creating new podcast series to meet the demands of an increasingly diverse listener base.

“The investment will also support Potcast’s ambition to deliver premium audio experiences, both online and offline, thereby reinforcing its status as a pioneer in the realm of audio-first content production.

“Securing this follow-up investment from IMP and Ahmed Tarek Khalil is a testament to the hard work and dedication of our team.

“Their support validates our mission to transform podcasting in the region and propels us forward as we continue to innovate and expand our reach,” Adel said.

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