In 2018, the SEC charged Musk with making “false and misleading” statements to investors, in this case to drive up Tesla stock. And, incredibly, Musk has already broken the law in his bid to conquer Twitter. The SEC requires anyone who acquires more than 5 percent of a company’s shares to disclose their holdings within 10 days. Musk signed his initial Twitter filing 21 days after his initial acquisition of a 9.2 percent stake, 11 days late.
So, what exactly indicates that Musk will do a good job in taking over the social media company? Well, apart from his denials of allegations of wrongdoing, not much. Bloomberg, not a publication to make radical points, simply stated yesterday that Musk, “is not up to the task of running a media company” and expressed concern that the deal was going through largely because of Musk’s “enthusiasm for the deal,” not much of a criterion.
And Musk has certainly been showcasing this trait on Twitter, with a series of proposals like an edit button, banning bots (something Twitter already seeks to do), and an open algorithm (a proposal that would help the bot-builders he wants to ban.) At the moment it remains unclear how he would make the company more profitable, and the acquisition deal does require Twitter, and therefore Musk, to pay interest to the tune of $1 billion a year.
But even beyond these red flags of mistreating workers, anti-labor organizing sentiments, breaking the law and running afoul of the SEC, there’s an even greater concern: democracy. Musk has exhibited conflicting political views, claiming to be a libertarian while taking billions in subsidies and backing politicians from both parties. What remains consistent is his pursuit of profit, and the world’s richest man owning an international public forum does not bode well for the health of democratic society. He has already used Twitter to allegedly illegally attack unions and drive up stock prices, but there is now the very real possibility that he could use it to influence anything from elections to social movements on a much larger scale." https://www.independent.co.uk/voices/elon-musk-twitter-free-speech-b2065880.html
I don’t like anti-unionism, there’s no need for it from an employer. If this does mean we need another Twitter type platform so be it, I just like to think (for such is the curse on the “liberal”), that not every powerful person is a totalitarian crackpot.