‘A Real Threat to Democracy’: Musk Buys Twitter for $44 Billion
Rights advocates, public health experts, and media critics were among those on Monday who warned that the purchase of Twitter by mega-billionaire Elon Musk, the world’s richest person, creates a direct threat to democracy and the common good by putting the outsized power of the social media platform used by hundreds of millions worldwide into the hands of one man.
The social media company accepted Musk’s offer to purchase Twitter for $44 billion, or $54.20 per share. This has led some critics to note other ways the enormous sum of money could have been spent rather than on what Rep. Chuy Garcia (D-Ill.) called “a vanity project boondoggle to silence” Musk’s critics.
Musk’s purchase has led to concern that former President Donald Trump’s Twitter account will be reinstated. Trump was banned from the platform in January 2021 after violating its rules by inciting his followers to violently attack the U.S. Capitol.
“With control of such a massive platform comes great responsibility and Musk hasn’t shown he has the capacity to be accountable to this diverse online community,” said Jessica Gonzalez, co-CEO of Free Press, noting Musk’s own history of using Twitter to “intimidate and disparage others, including journalists, elected officials, owners of competing businesses and anyone else who might challenge his views.”
Journalist Anand Giridharadas said that by taking over Twitter and claiming he’ll protect the platform as “the digital town square where matters vital to the future of humanity are debated,” Musk is “doing is what plutocrats have been doing… branding themselves the solution to the very problem they are.”
As Media Matters reported Monday, right-wing politicians in the U.S. have been in favor of Musk’s purchase since he first offered to buy the platform earlier this month. On Friday, Rep. Jim Jordan (R-Ohio) led 18 House Republicans in writing to Twitter’s board of directors, demanding that the board preserve all records related to Musk’s bid.
According to Sana Saeed of Al Jazeera, Twitter was already large and powerful company before Musk’s takeover was announced. However, the purchase “does underscore an unnerving trend—the ability of a single man to purchase something that impacts hundreds of millions (beyond users) in order to influence it in his own image.”
“It’s less than great when billionaires own sports teams—which bind communities together—as their playthings,” said Robert Weissman, president of consumer advocacy group Public Citizen. “Having a billionaire own Twitter—a vital platform for communication and community—as his plaything is far more serious. It’s a real threat to democracy.”
Originally published at Commondreams.org, written by Julia Conley.