Behind Elon Musk’s headline-grabbing bid for Twitter is a battle between two different theories of how to promote free speech as a social-media company in 2022.
“Does Elon Musk know what’s good for democracy? I’m not sure. How do we know he’s not just making these arguments to benefit himself?” Lund said. “Usually you don’t have buyers who are so immune to financial consequences.”
Those constituencies include agitated shareholders such as Musk. “There are market mechanisms that allow concerned constituencies to agitate for change in ways that wouldn’t exist in a privately, closely held company,” Lin said. “Because there’s a public market for shares, he was able to accumulate a significant stake.”
Some media critics, like Victor Pickard, professor of media policy and political economy at the Annenberg School for Communication at the University of Pennsylvania, are critical of the idea of so much power being concentrated on a single man’s hands.
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