How a billionaires boys’ club came to dominate the public square

[BidenPresident]

The information that courses over these networks is increasingly produced by publications controlled by fellow billionaires and other wealthy dynasties, who have filled the void of the collapsing profit-making journalism market with varying combinations of self-interest and altruism. It is a situation that has alarmed policy experts at both ends of the increasingly vicious ideological and partisan divides.

https://www.washingtonpost.com/politics/2022/05/01/billionaires-politics/

 

[BidenPresident]

"The world’s richest man, Elon Musk, attacked a publication owned by the world’s third richest man, Jeff Bezos, last month for reprinting a column published by the world’s 13th richest man, Mike Bloomberg.

The Bloomberg opinion article, posted by The Washington Post, asked whether Musk’s recent investment in Twitter would endanger freedom of speech. “WaPo always good for a laugh,” Musk wrote in a tweet, with smiling and crying emoji."