Billionaires Like Elon Musk Don’t Know the First Thing About Democracy
Elon Musk, the world’s richest man, has bought Twitter. Musk says he’s trying to safeguard democracy and promote free speech — but what does a megabillionaire with a history of silencing critics and retaliating against workers know about democracy?

Elon Musk, founder of SpaceX and chief executive officer of Tesla Inc., has purchased the social media platform Twitter. (Liesa Johannssen-Koppitz / Bloomberg via Getty Images)
On April 4, Elon Musk disclosed his 9.2 percent stake in Twitter. That news set off a nearly month-long back and forth that saw Musk almost take a seat on the board, before reversing course and instead announcing plans for a complete takeover on April 14.
Initially, there was skepticism over Musk’s acquisition plan. In his offer letter, he said it was a good deal and his final offer — if the board didn’t take it, he’d consider selling his stake and walking away. Funding had not been secured, which led investors to question whether he was serious. But in the days that followed, Musk put together a mix of loans and personal equity to show he could finance the deal, and on April 25, the board accepted his $44 billion offer.
As a result, Twitter will once again become a private company, and regardless of what position Musk gives himself, he’ll have immense power to direct the future of a platform that is central to public discourse in many countries around the world. But what changes he actually makes, and whether users will really abandon Musk’s Twitter, remain to be seen.