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Intra-elite competition between old media types and silicon valley types has being on for a while in different ways. Musk has been openly exposing some outsider

Intra-elite competition between old media types and silicon valley types has being on for a while in different ways. Musk has been openly exposing some outsider narratives, so he is seen as an enemy to the old media types. I think this is most of it. The "billionaire" narrative doesn't make any sense. It's not like Twitter, or any other media companies, were owned by poor people until now.

Barrin92 4y ago
>It's not like Twitter, or any other media companies, were owned by poor people until now To an extent they were because they're a public company. A public company is accountable to its shareholders which in principle is open to everyone (generally represented by institutional investors in practice), whereas a private company is, in this case, only answering to one person, and only really serving one person. That basic democratic aspect of American capitalism where everyone can take a stake in the economy is undermined when people withdraw from public markets altogether. It looks more like another gilded age.