We Don’t Need Billionaires Like Elon Musk
Elon Musk’s bid to buy Twitter in the name of free speech is the latest example of his hubris. It’s not just that Elon Musk shouldn’t own Twitter — billionaires shouldn’t even exist.

Elon Musk speaks at the opening of a Tesla factory in Texas on April 7, 2022. (SUZANNE CORDEIRO/AFP via Getty Images)
On Thursday, ten days after revealing his 9.2 percent stake in Twitter to the public, Elon Musk delivered an ultimatum: either the board accept his offer to buy the company for $43 billion and take it private, or he’d “reconsider” his position as a shareholder. Such an acquisition could have huge implications for how we communicate online, and the entire affair presents troubling questions about the power Musk is able to exert over our society.
For all its problems, Twitter is central to cultural and political life in the United States and beyond, and Musk has long been one of its most prominent users. He wields it to preach to his adoring supporters, slam his critics, manipulate financial markets, and provide the media with fodder for endless clickbait. But his attempt to use his power to capture Twitter and reshape it for his own ends is serious cause for concern.
What Is in Elon Musk’s Head?
Despite the recent revelation of Musk’s stake in the company, he’s been buying shares since the end of January. In March, he began publicly criticizing the company for supposedly limiting free speech. Musk adopted this language from the right-wing provocateurs he’s increasingly associating himself with, but neither truly care about free speech: they just want speech that better serves their interests. Musk himself has a history of slandering his critics, getting impersonators banned from Twitter, firing employees who disagreed with his ideas, and even reportedly having a whistleblower framed as a mass shooter.