BELOW SUPERNAV drop zone ⇩

American oligarchs: Does Elon Musk have ‘too much power?’

MAIN AREA TOP drop zone ⇩

(NewsNation) — This week, Banfield is focusing on the oligarchy of America, beginning with the world’s richest individual, Elon Musk.

NewsNation’s Brian Entin spoke with Joe Justice, a former Tesla employee, and Dr. Nolan Hidgon, the author of “The Anatomy of Fake News” about what they know about the billionaire.

“Elon sleeps in the factory in his sleeping bag,” Justice said. “Elon is accessible. If you’re also working on the most important thing, then Elon is there. You can always email, or chat, or message Elon. Or walk over.”

Justice revealed to NewsNation that new employees are explicitly told that anyone can talk to Elon. If someone tries to prevent new hires from interacting with Musk than they would be fired immediately.

Mr. Musk isn’t just available in person. His tweets usually receive tens of thousands of interactions. He currently has over 100 million followers on the platform, but Justice says it’s unusual for high net worth people to tweet as frequently as Musk does.

“Typically, it’s a communication team, and their tweets are scheduled weeks, or months, in advance, and brokered in deals. I did not see anything like that. In Tesla, it does actually appear to be Elon, mostly from the bathroom sending tweets,” Justice said.

The Tesla and SpaceX owner is also trying to buy Twitter in a $44 billion deal.

Twitter’s board has recommended unanimously that shareholders approve the proposed $44 billion sale of the company to billionaire and Tesla CEO Elon Musk, according to a regulatory filing last week.

“I think it is way too much power,” Dr. Higgins said. “Historically, wealthy individuals have bought media platforms to manufacture consent from the public, for their economic and political interests.”

“There’s a long history in the United States. That’s what wealthy people do. They buy platforms of communication as a way to manufacture consent for their policy goals. And given Elon’s wealth, I think there is a real threat to democracy when you control something like Twitter,” Dr. Higgins added.

Banfield

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed

MAIN AREA MIDDLE drop zone ⇩

MAIN AREA BOTTOM drop zone ⇩

tt

KC Chiefs parade shooting: 1 dead, 21 shot including 9 kids | Morning in America

Witness of Chiefs parade shooting describes suspect | Banfield

Kansas City Chiefs parade shooting: Mom of 2 dead, over 20 shot | Banfield

WWE star Ashley Massaro 'threatened' by board to keep quiet about alleged rape: Friend | Banfield

Friend of WWE star: Ashley Massaro 'spent hours' sobbing after alleged rape | Banfield

Mist

la

53°F Mist Feels like 53°
Wind
0 mph E
Humidity
91%
Sunrise
Sunset

Tonight

Low clouds and fog. Low 51F. Winds light and variable.
51°F Low clouds and fog. Low 51F. Winds light and variable.
Wind
2 mph ENE
Precip
9%
Sunset
Moon Phase
Waning Crescent