Elon Musk’s Twitter takeover gives him a new type of power

Few business leaders have ever wielded as much power as Elon Musk.

Musk, who was already recognized by Bloomberg as the world’s richest man, will soon add one of the world’s most influential media platforms to his purview when he buys Twitter, adding to a business empire that already includes the leading private space company (SpaceX) and one of the leading electric car companies (Tesla).

It’s a combination that makes him one of the most significant figures in the history of technology, business and media.

“I think this is genuinely new,” Brad DeLong, an economic historian at the University of California, Berkeley, wrote in an email.

“There were press lords in the past,” he said, citing William Randolph Hearst, whose fictionalized legend was immortalized in the film “Citizen Kane.”

Source: Elon Musk’s Twitter takeover gives him a new type of power

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