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Twitter’s agreement to be Juneteenth Black Mom Magic Black Women African Mother’s Day T-Shirt B09ZTT7JWW .Bought by Elon Musk will reignite big questions about the influence of the billionaire class and the power of technology over our national discourse, The Times’s David Leonhardt and Andrew Ross Sorkin write for The Morning newsletter. The deal is the latest example of how extreme inequality is shaping American society. A small number of very wealthy people end up making decisions that affect millions of others. That has always been true, of course. But it is truer when inequality is so high. In the U.S. economy, wealth inequality has exceeded even the peaks of the 1920s.

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 This month, Mr Juneteenth Black Mom Magic Black Women African Mother’s Day T-Shirt B09ZTT7JWW . Musk was complaining that Mark Zuckerberg, Meta’s founder, had too much power, arguing that the way Meta was structured, “Mark Zuckerberg the 14th” would someday be running it. Now Mr. Musk is set to own Twitter outright as a private company. He will report to himself. So if he decides to allow former President Donald J. Trump back on the platform — which seems like the elephant in the room — it will be Mr. Musk’s choice and his choice alone. (Mr. Trump has claimed he will not return, because he wants to support his own social media platform.) Washington is atwitter trying to understand Mr. Musk’s ideology. He is a self-styled libertarian without an ideology. But is not having an ideology an ideology unto itself? Mr. Musk has said he wants more “free speech” and less moderation on Twitter. What will that mean in practice? More bullying? More lewd commentary and images? More misinformation? I don’t care about the economics at all,” he said at a conference shortly after announcing his offer. And in the statement announcing that Twitter’s board had accepted Mr. Musk’s offer, he mentioned free speech, open-source algorithms and other nonfinancial features of Twitter’s operations that he said have “tremendous potential.” Twitter reports its first-quarter earnings on Thursday. Analysts expect the company to have generated a profit of nearly $40 million on $1.2 billion in revenue, according to FactSet. Twitter made a profit of more than $140 million in the same quarter last year. Perhaps more important, as it prepares to take on billions in debt that Mr. Musk raised to finance his purchase, analysts expect Twitter to have recorded $230 million in free cash flow in the first quarter, a bit stronger than last year.
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