One of the things that is truly hilarious about the left’s reaction to Elon Musk’s offer to buy Twitter is who they are now looking to, to be their “saviors” from Musk.
They’re looking to the biggest shareholders like Saudi Prince Alwaleed bin Talal, as well as asset managers Vanguard and Blackrock, to block Musk. Vanguard acquired more shares Thursday. They now have 82.4 million shares or 10.3 percent of Twitter, which tops Musk’s 9.2 percent. They are now the biggest Twitter shareholder. He’s still the biggest individual shareholder.
Thoma is a private equity company that may be looking to acquire Twitter, as we previously reported.
But let’s think about all this for a minute. These investment firms and rich already control Twitter. So they’re upset that a billionaire is going to buy it? Billionaires already control it. So it isn’t the fact that a rich person might own it — they already do. They have never had a problem with it being theirs before. But now they’re upset that a libertarian pot lover who makes electric cars and believes in free speech wants to take over and guarantee that right for all? What are their concerns? Because it isn’t about him being rich.
Here’s what the left usually says about entities like Blackrock and Vanguard. This was last month.
Blackrock , Vanguard & UBS https://t.co/xJWnEYJCAw
— Ambassador Lee Wanta (@eagleonetowanta) April 11, 2022
Blackrock and Vanguard are also major shareholders of Facebook.
Let’s recall the basic Democratic mantra when it comes to Saudi Arabia. Weren’t they the horrible dictatorial nation that they claimed President Donald Trump wasn’t hard enough on after the murder of Jamal Khashoggi? But they’re just cool now with the Saudi prince owning 5.2 percent of Twitter and being able to control what we all can say? Elon put him on the spot, asking great questions about his views on speech and the things they have. He got no response, not surprisingly, because there isn’t a lot that the prince can say in response.
So much for the left’s alleged principles against the evil rich. It looks like they’re willing to throw their principles all under the bus if it means helping the powers that be to still control the platform.
But that’s what it comes down to at this point, that’s what it’s truly about — control. It’s a concern for the powers-that-be to lose a media platform where they have the ability to control a lot. They can’t control Elon — he does what he wants. They’re concerned that he would level the playing field, that conservatives wouldn’t be shadowbanned and suspended, that Donald Trump might be welcomed back and people they don’t like might be allowed to question the narrative. That’s the real issue here — they fear true free speech on the platform.
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