Couldn't Elon Musk find something better to do with $43 billion?
that the purchase might signal a happy turning point for journalism: “The beginning of a phase in which this Gilded Age’s major beneficiaries re-invest in the infrastructure of our public intelligence.”I thought of Fallows’ hopeful prediction on Thursday morning, when the news broke that Elon Musk was making a $43 billion bid for Twitter. Alexa, show me the opposite of the “infrastructure of our public intelligence.
” Musk is trying to spend a fortune on a social network that has made us all dumber, in order to make it dumber. Or at least, more hostile.It’s a cliché at this point to say that the richest people on Earth don’t know what to do with their money, but the world’s richest man deciding to drop $43 billion on Twitter because he’s mad at the mods might beat out theworld’s richest man flying a bunch of celebrities to outer space as a way to light money on fire.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk Wants to Buy 100% of Twitter in Hostile TakeoverMusk is threatening to sell his existing 9.2% stake in the company if his offer is rejected.
Read more »
Elon Musk Offers to Buy Twitter, Says Company ‘Needs to Be Transformed'Twitter Inc. said in a regulatory filing on Thursday that Musk provided a letter to the company on Wednesday with a proposal to buy the remaining shares of Twitter that he doesn’t already own.
Read more »
Elon Musk offers to buy Twitter for $43 billion in cashBREAKING: Elon Musk has offered to buy Twitter for $54.20 a share in cash, or about $43 billion, according to documents filed with the SEC.
Read more »
Elon Musk makes $41.4 billion cash offer to buy TwitterMusk said that if the offer is not accepted he would 'need to consider position as a shareholder.'
Read more »
Elon Musk Offers to Buy Twitter for $41.3B to Take Company PrivateTwitter shares surged more than 12% in pre-market trading following Musk's statement.
Read more »
Elon Musk offers to buy Twitter in takeover attemptTwitter needs to go private for the changes needed
Read more »