A powerful 1%-er launches a takeover bid for a seemingly irreplaceable communications network, igniting a panic over the power of the super-rich. No, not Elon and Twitter. We're talking about the notorious Gilded Age financier Jay Gould.
" for his willingness to dissemble, bribe and manipulate in order to take control of and consolidate railroad lines.
As Richard John, professor of history and communications at Columbia University, puts it: "Powerful figures who are using their notoriety as an asset. That's a similarity between Musk and Gould."Mr. Gould's newspaper — he owned the New York World — drummed up In recent years, Mr. Musk's tweets to his nearly 83 million-strong Twitter following have moved prices for stocks and cryptocurrencies almost at will. If he tweets about something favorably — Dogecoin being a prime example — it can result in gobsmacking gains.Western Union magnified its power through a partnership with yet another monopoly, the Associated Press. It carried AP news on its wires, giving it prime transmission positions.
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