Elon Musk paints regulators and boards as enemies of progress, and he idealises surreal narratives over economic facts. In his pursuit of Twitter, he is bringing such mischief-making into the mainstream of finance
Save time by listening to our audio articles as you multitaskHe is also a shaper of capitalist trends, and that is where the problem lies. His fetish for Twitter—first as a megaphone to promote himself and his companies and now as a plaything that he has offered $43bn to buy—is taking the world of business in a reckless new direction. Call it GameStop for gazillionaires.
Such tactics reek of populism. In effect, they seek to diminish institutions while elevating Mr Musk’s own stature as Twitter’s saviour. That includes bating those tasked with ensuring that such takeovers are done fairly and transparently, chiefly the Securities and Exchange Commission , America’s market regulator, and Twitter’s board.
Belgique Dernières Nouvelles, Belgique Actualités
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