From WSJopinion: Elon Musk can fix Twitter culture, writes Holman Jenkins. Its new owner might tap Google for ideas on detoxifying a politicized workplace.
Review & Outlook: What started as a row over parental rights legislation has resulted in the Walt Disney Company losing special privileges in Florida—and serves as a wake-up call for other CEOs. Images: Reuters/AP/Miami Herald Composite: Mark KellyElon Musk has said he wants to run Twitter because of its importance as a free speech “town square” and not to make money, but the deal he just signed requires him to make money, and that’s fine.
The lenders, at least, will want their $25.5 billion share of the $44 billion purchase price back, some of it secured by Tesla stock. Mr. Musk’s own finances will be in a world of hurt if his Twitter turnaround fails and simultaneously the helium comes out of Tesla’s stock price. So financial realities will work to corral his impulses to some extent. He won’t be ending Twitter’s reliance on advertising, which accounts for 90% of revenue.
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