I’ve always been fascinated by the way corporate business journalism isn’t really journalism in any coherent sense of the word. As a telecom beat reporter I spent years watching major outlets write stories about U.S. internet access (or the lack thereof) where they couldn’t admit the whole industry was dominated by corruption-coddled monopolies devoted to destroying all competition.

They weren’t allowed to. Despite being factual, it was deemed editorially impolite. 

This sort of journalism doesn’t really care about real consumers, labor, technology, or even whether the technology even works. Its focus is propping up extraction class narratives surrounding unchecked wealth accumulation. It’s lazy fanfiction for MBAs who want to pretend to be informed without the pesky weight of ethical or even logistical realities. 

It would take any of these journalists half an hour to get an eager and objective academic or subject-matter expert on the phone to discuss what’s actually happening. But they’re hired and conditioned by rich, white, predominately male media ownership to avoid upsetting wealth and power.

Why is this in c/politics?

Well, for one, musk’s connections to trump and his role in eviscerating good works from the government are well-known.

Additionally, musk continues to infect political movements across the globe.

Secondly, as the article states very well, the corporate news media is incapable of stating plain truths like “The SpaceX IPO is an enormous boondoggle that will financially harm millions of people who don’t know anything about it.”

Thirdly, it makes some excellent points about the nature of “business journalism”, ostensibly the more fact-based reporting we’re likely to see of the wheels of the modern economy.

That’s why.

“but he’s an OPPRESSED South African refugee!!!”

Are you trying to promote it? This headline is making American investors drool.

And the people who thought they could time it and ride it lost so miserably. I was going to but I have enough experience to know you can’t beat insider traders. So I stuck to my guns and earned more.

Now you only need to know when to short it.