Seth Meyer examines what Elon Musk’s acquisition of Twitter can mean for democracy

The big tech news of the week remains Elon Musk’s bid to buy Twitter for a colossal $44 billion – a deal that looks set to go ahead provided no one backs down at the last minute. This huge acquisition provided a ton of material for hot takes and desperation, although as Last show host Seth Meyers points out, it also sheds light on the issues surrounding the overwhelming power of billionaires.

“I mean, with money like that, you could do something about poverty, or climate change, or world hunger, and still have enough left for, I don’t know, you get your hair cut properly? Meyers joked as he searched Musk’s towering forehead.

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“Whether you’re pro-Musk or anti-Musk, maybe let’s take a step back and reconsider if it’s a good thing for everyone to be rooting for different billionaires like sports teams — which are also owned by billionaires,” continued Meyers.

“Maybe, just maybe, it’s not healthy for our democracy when Twitter, Facebook and The Washington Post all belong to some of the richest men in the world – not to mention the fact that Fox, The Wall Street Journal, and a right-wing media network are owned by another right-wing billionaire who is on the list of the 100 richest people in the world. It’s not a free market, it’s an oligarchy. »

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