Loud Billionaires Convert Their Wealth Into Power

BidenPresident

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Bill Ackman, the billionaire hedge fund manager, is an annoying and persistent contrarian. Not content just to help oust Harvard’s president Claudine Gay on false charges of plagiarism, and for making public statements he disapproved of, he’s been using his social media presence (including his 1.2 million followers on X) to campaign for the removal of Sally Kornbluth as the president of M.I.T.

Whether you think Mr. Ackman is a billionaire blowhard or a courageous iconoclast, he is part of a paradigm shift in social media, where rich people are increasingly able to convert financial capital into social capital.

https://www.nytimes.com/2024/02/05/opinion/ackman-billionaires-musk-trump-social-media-x.html
 
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