Seth Meyer examines what Elon Musk’s Twitter acquisition could imply for democracy

The large tech information of the week stays Elon Musk’s provide to purchase out Twitter for a large $44 billion — a deal that appears all set to go forward offered no one backs out on the final minute. This enormous acquisition has offered a ton of fabric for scorching takes and despair, although as Late Present host Seth Meyers factors out, it additionally highlights points concerning the overwhelming energy of billionaires.

“I imply, with cash like that you would do one thing about poverty, or local weather change, or world starvation, and nonetheless have sufficient left over to, I do not know, get a good haircut?” Meyers quipped, taking a dig at Musk’s sizable brow.

“No matter whether or not you are pro-Musk or anti-Musk, let’s perhaps take a step again and rethink whether or not it is a good factor that everybody’s simply rooting for various billionaires like sports activities groups — that are additionally owned by billionaires,” Meyers continued.

“Perhaps, simply perhaps, it isn’t wholesome for our democracy when Twitter, Fb, and The Washington Submit are all owned by a few of the richest males on this planet — to not point out the truth that Fox, The Wall Avenue Journal, and a community of right-wing media shops are owned by one other right-wing billionaire who’s on the checklist of the 100 richest individuals on this planet. That is not a free market, that is an oligarchy.”