>So too with Twitter. Regardless of whether one believes Musk’s motivations to be on the side of the angels, privatizing Twitter will not attenuate market signals but intensify them. Investors in Tesla, whether or not a margin loan is in play, can lean on Musk to make changes to the platform that meet their needs and desires. The same goes for his equity investors. One of them, hypothetically of course, may be a billionaire 2020 election denier that would seek to amplify certain voices over others.
>The fatal flaw in Musk’s vision of Twitter as public square is in his acquisition. The beauty of the square lies in it belonging to no-one and everyone. Twitter as a publicly traded company falls short of that ideal, to be sure, but concentrating ownership moves it further still.