Democracy Dies in Darkness

Elon Musk’s ‘free speech’ takeover part of new corporate activism wave

Shareholder activists are forcing change around social and environmental issues, a change from corporate raiders who focus on finances

9 min
Elon Musk in 2020. (Andrew Harrer/Bloomberg News)

Elon Musk’s purchase of Twitter is expected to go down in history as one of the largest hostile takeovers of all time.

But unlike most corporate raiders, who focus on finances, Musk has said he wants to strengthen the company’s position on “free speech,” that he wants it to succeed as the “de facto public town square” and to promote global democracy. He’s even said the economics don’t matter, and put up a significant portion of his personal wealth to finance the $44 billion deal.

Doug MacMillan is a corporate accountability reporter for The Washington Post. He previously covered technology for the Wall Street Journal, Bloomberg News and Businessweek.@dmac1
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