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Musk buying twitter, Bezos buying WaPo, Ellison buying CBS—all are less profitable now. But they’re political investments that increase the value of the new owners’ portfolios Wealth concentration makes this possible, and that’s one mechanism by which inequality destroys democracy
3d
Jake Grumbach
A problem with authoritarianism and media conglomeration is that the owners of these media companies don't care if they are profitable so they use them rather to send signals to the authoritarian who wields control over their profit-making businesses.
3d
Ryan Enos
The AP still hasn’t called the California governor’s race. That’s because a very narrow path for Tom Steyer still remains.