Elon Musk joins a list of men to use their wealth in the hope of extending their political influence
– journalists’ and politicians’ preferred medium for sharing stories – for $44bn last week, promising to unleash its “extraordinary potential” to boost free speech and democracy across the world.The Amazon founder and second-richest person in the world bought the Washington Post for $250m in 2013. When Bezos took over, the Post was bleeding money and he said the business model was “upside down”.
“I know that when I’m 90, it’s going to be one of the things I’m most proud of, that I took on the Washington Post and helped them through a very rough transition,” Bezos said in anRupert Murdoch/Times, The Sunday Times, The Sun, Fox News, the Wall Street Journal, the New York Post, several Australian titles
In 2017, Murdoch sold the bulk of his family’s 21st Century Fox entertainment businesses to Walt Disney in a deal worth $66bn, but kept the newspapers and the right-wing US news channel Fox News. “Are we retreating? Absolutely not,” he said at the time. “We are pivoting at a pivotal moment.”Mark Zuckerberg hopes to dominate the metaverse, which he says is ‘the next frontier’.Zuckerberg co-founded Facebook while studying psychology at Harvard University in 2004.
The platforms have been accused of influencing the news stories that users are exposed to, and blamed for helping theThe Lebedevs/Novaya Gazeta, the Evening Standard, and The Independent
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