Elon Musk owns a big chunk of Twitter. How social media can save you money.

Elon Musk - the world’s richest man and co founder of Tesla, is now the biggest shareholder in Twitter.

 

Musk bought 9.2% of the company and has previously expressed concerns about Twitter not doing enough to adhere to the principles of freedom of speech.

 

On the 25th of March he even asked his followers if they thought a new platform was needed.

 

There’s been a fierce debate about the role of social networks in spreading misinformation and whether they should allow vaccine sceptics, gender critical commentary and Donald Trump a free rein.

 

Whether Musk has any answers to any of this remains to be seen and there’s concern from some that such a Ruch and powerful individual now owns such a large chunk of such an influential communications platform.

 

Closer to home, the cost of living squeeze continues to bite.

 

But social media is full of ideas of every day money saving ideas and tips to reduce the costs of everything from central heating bills to broadband. 

 

Community, bulk buying is another opportunity social networks can provide and of course the 2nd hand goods market with sites like Gumtree, eBay and a huge rise in clothing exchange sites like DePop, Vinted, and Hardly Ever Worn It all letting you sell clothes you’re finished with or pick up potential bargains.

 

With all of us being squeezed tighter than at any other time for generations, think about shifting the way you use social media and spending less time caught up in celebrities and more time working together to save money.