Billionaire Elon Musk Buys Twitter, 1% Strengthens Stranglehold on Media
The world’s richest man, Elon Musk, bought Twitter this week for $44 billion. Before Musk, Twitter was owned primarily by investment firms like Vanguard, Morgan Stanley and BlackRock. As media ownership concentrates among fewer and fewer people who are wealthier and wealthier, what does this mean for the idea of a “free press”?
Abby Martin, host of The Empire Files, Media Roots Radio, and the new Callin show Dosed, discusses this new purchase of mass communications platform Twitter by one billionaire.