Elon Musk — the world’s richest man and worth about $265 billion — is buying social media company Twitter, for $44 billion.
If Musk was in Russia, Western propaganda would call him an “oligarch”, but since he is in the United States he is referred to as a “very successful businessman”. Capitalists like Musk make up the 1% that owns more combined wealth than the bottom 90%.
The Twitter deal could still fall through. But if it goes ahead, what will Musk’s takeover likely mean?