Unsatisfied with just being Twitter’s largest investor and one of its most followed users, the world’s richest man now wants to buy the company outright. Elon Musk told the board he thinks Twitter isn’t meeting its free speech “societal imperative” and should become a private company. But as Timothy O’Brien notes in Bloomberg Opinion, Musk’s aim isn’t freedom of expression but control. Adding to the attention: A Twitter shareholder sued Musk (who already has a Plan B). For its part, Twitter adopted a poison pill to thwart any hostile takeover bids. Meanwhile, company founder Jack Dorsey has ascended to the rank of Bitcoin spiritual adviser.
As Russia repositions its forces in Ukraine for a potential new offensive, U.S. President Joe Biden announced $800 million in additional military aid for Kyiv and the European Union agreed to provide more cash for weapons. Russia’s flagship Black Sea missile cruiser sank this week in what Ukraine said was a missile strike, another blow to Vladimir Putin’s war efforts. And OPEC+ warned that the war could curtail world oil demand and supply.