Elliott Management buys stake in Twitter and seeks to oust Jack Dorsey
There seems to be a strong desire around the world to implement the Turkish media business model: Operate the media as a loss leader and make your profits from your other businesses by being favourable to the politicians in power and get just as favourable treatment.<p>This also scales nicely because you can start getting way overpriced ad buys when other companies also want to get favourable deals with the politicians, so you become a direct broker for access to the government.<p>Of course, the quality suffers and other media begins to emerge but you can keep buying the challengers or the govt can take care of them.<p>In Turkey, the pro-govt media is called "pool media" because a bunch of businessmen close to the ruling party created a pool to buy out newspapers and TV channels and an audio recording of them discussing the details was leaked(which is also very complicated, way out of the scope of this comment).