9.2% and the Master of Twitter ⇥ readmargins.com

Ranjan Roy, Margins:

It’s wild to think about. The U.S. government regulator has been in a fight with the world’s richest man over his ability to use a communications platform that’s vital to his business interests — and he just went and effectively bought the platform. Both Can and I have repeatedly written about the emerging market-ification of the U.S., and this really feels like another one of those moments where we look back on and remember how we all posted memes as it happened.

Does any of this sound healthy to you? Because it sounds to me like a personal vendetta has gotten mixed up in financial nihilism by someone who has a famously untethered grasp on reality.