Twitter is not rid of Wall Street

Elon Musk is taking over Twitter “from Wall Street” in the words of its co-founder. The irony is that the turbulent social network will be beholden to the markets more than ever.

Shortly after Twitter agreed to be acquired by the outspoken mega-billionaire, its co-founder and two-time CEO Jack Dorsey was quick to thank Mr. Musk for taking his baby out “of an impossible situation”. Twitter as a supposedly Wall Street-dominated company and advertising model, Mr. Dorsey tweeted, “has always been my only problem and biggest regret.” The now-enthusiastic bitcoin evangelist added in a series of tweets that Mr. Musk “is the singular solution I trust. I trust his mission to expand the light of consciousness.


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