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  • Writer's pictureBy The Financial District

Banned Accounts Back On Twitter As Musk Takes Over

Elon Musk, the world’s richest man, is now in control of Twitter, one of the world’s most influential social networks, aside from owning Tesla and SpaceX.

Photo Insert: Twitter's new head honcho has been likened to narcissists like former US President Donald Trump.

He is also into building freight tunnels and satellite internet, creating humanoid robots and brain-interface machines, and determining how millions connect with each other and find news, Seth Fiegerman wrote in an analysis for CNN Business.

“Musk, prone to self-aggrandizement, insists his interest is to aid humanity, but he also insists that he knows best how to do so at each turn and does not seem to take criticism very well.

He and his supporters have been known to lash out at detractors on Twitter, where he spends an unusual amount of time for someone running multiple companies.

And now, rather than take his ball and going home when countless users criticize him for, say, offering unsolicited advice on how to end Russia’s war in Ukraine, he is buying the whole field for $44 billion,” Fiegerman stressed.

Elon Musk is a conglomerate, and each arm of his empire potentially gives him more leverage, real or imagined, in advocating for others.

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Before lawmakers choose to speak out about concerns with Tesla, for example, some may also weigh whether Musk might discontinue offering his Starlink broadband internet system in Ukraine, or whether he might put his thumb on the scale to promote certain content on Twitter that may be disadvantageous to them.

More immediately, however, owning a social network ensures Musk a different kind of personal power increasingly sought by other controversial billionaires, including Trump (with Truth Social) and Musk’s friend Ye (with a proposed deal to buy Parler).

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It is the power of knowing that, no matter what he says and no matter how offensive it may be, he can never be turned off. Musk has denied that he has a hand in restoring Kanye West’s Twitter account, and hate speech, and anti-Semitic comments have infiltrated the social media platform that Musk promised would not be a “hellscape.”

Meanwhile, sacked Twitter executives like Parag Agrapal will enjoy a $122-million golden parachute and thousands are abandoning Twitter, Reuters also reported.

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