Has your head spinning all around
--Chic
Elon Musk has upped his ante on the Twitter saga (TWTR) by offering to buy the entire company for $54.20/share, or about $41.4 billion. That constitutes a 20% premium over Thursday's close.
Not surprisingly, leftists extended their previous freak out over the prospect of losing control of the platform to someone who differs from them ideologically. Matt Taibbi discusses some of their absurd arguments.
Many leftists trotted out the wealth card, railing against the idea of a rich person buying/controlling a media outlet. Ironically, several of these screeds were floated by people affiliated with the Washington Post, a newspaper by Amazon (AMZN) founder Jeff Bezos. Bezos has a net worth north of $150 billion.
What leftists are saying, of course, it that it's ok to own a media company if you're a rich leftist. Otherwise...
More irony streamed from leftists screaming that Musk's bid should spark more government regulation of media companies. Follow the logic: We need regulation...to prevent rich people from controlling our channels of communication.
It gets weirder.
Another tranche of leftists complained that they are terrified that Musk will censor people less. One leftist tweeted, "He seems to believe that on social media anything goes. For democracy to survive, we need more content moderation, not less."
Although this is wholly consistent with previously shared survey data on censoring, I find myself pausing to let this train of thought sink in.
The most laughable reaction may have come from former Clinton labor secretary Robert Reich--known for his forays into socialist drivel (e.g., here, here). Reich suggests that a Musk-led Twitter "wouldn't be accountable to anyone for facts, truth, science, or the common good."
Censoring, you see, is for the common good. And, as we have witnessed over the past few years, it is the censors who determine what facts, truths, and science are fit for you to see. Media outlets must be held accountable--accountable to the censors.
Because he threatens their charade, the left must oppose and, if necessary, seek to destroy Musk.
Allegorically fitting on this Good Friday.
no positions
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