Live updates: Elon Musk to buy Twitter 2022-04-26 08:29:11


Twitter may not be a traditional media company, but it has a huge impact on the media industry. With his deal to acquire Twitter, Musk is the latest tech billionaire to make his way to greater influence in the media industry.

Amazon founder Jeff Bezos acquired The Washington Post personally (not through Amazon) for $250 million in 2013. The move Shock the media industry and beyond At that time, with growing concern about how the billionaire could affect the company. A few years later, though, Bezos Investing in technology and talent It has been praised for driving web traffic and making the news outlet profitable.

Bezos and Musk are not the only tech giants who have been obsessed with the idea of ​​owning a giant media company. Salesforce Founder Marc Benioff bought TIME magazine in 2018 for $190 million.