Elon Musk Acknowledges Risk of Failure for $44 Billion Acquisition of X amid Backlash over Removal of Block Feature

Elon Musk Acknowledges Uncertainty of $44 Billion Acquisition

Elon Musk has admitted that his $44 billion acquisition of former Twitter platform X “could fail,” an unprecedented admission that came after he faced new public outcry over his decision to remove the socialwork’s “block” feature.

Musk has commented about the uncertain future of X even as Mark Zuckerberg’s social media platform, Thread, prepares to roll out a web version in its latest effort to attract users.

“The sad truth is that there are no great ‘socialworks’ right now,” Musk said. “We may fail as many predicted, but we will do everything we can to succeed.”

Angry Users

The owner of X, whose worth is estimated at $225.5 billion, angered users last Friday by revealing that they will no longer be allowed to block accounts, except in the case of direct messages.

Musk argued that the blocking feature “doesn’t make sense” and said users would have to make do with simply “muting” accounts from appearing on their timeline.

The move drew immediate opposition, with Monica Lewinsky among those urging X CEO Linda Iaccarino to reconsider scrapping the feature due to the harassment she is facing.

And on Saturday, a glitch in the X platform caused photos and videos uploaded to Twitter before 2015 to disappear from the site. One of the images temporarily erased was a selfie of the famous comedian Ellen DeGeneres from the 2014 Academy Awards alongside Jennifer Lawrence, Bradley Cooper, and Meryl Stipe.

This image was later restored, although the defect still exists in some other media. If the X platform fails at some point, it will be one of the most costly business disasters in history, as Musk was forced to sell a large portion of Tesla shares to finance the $44 billion deal.

Note: The provided HTML code contains comments and irrelevant paragraphs which have been excluded from the article. The article focuses on Elon Musk’s admission of the uncertainty surrounding his $44 billion acquisition of former Twitter platform X and the backlash he faced for removing the “block” feature. It also mentions the opposition from users and the glitch in the X platform resulting in the temporary disappearance of photos and videos uploaded before 2015. The potential consequences of a failure in the X platform are highlighted as well.

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