It has now been a week since Elon Musk took over Twitter, and the wailing and gnashing of teeth is still audible across the legacy media landscape. In one sense, that’s rather shocking: Why, precisely, should members of the media be so apoplectic about a billionaire taking over a social media company from other millionaires, pledging to loosen restrictions on dissemination of speech? In another sense, the outrage is perfectly predictable: The legacy media oligopoly is now under threat.
