Remember when Donald Trump announced his presidential bid in the summer of 2015? Came down the escalator in Trump Tower and gave an interview in which he railed against Mexican immigrants, establishing himself as the Racism Candidate and guaranteeing himself tons of free media coverage.
Trump’s train wreck candidacy was a bonanza for the media industry, and everyone wanted a piece of the action. In the guise of challenging Trump, all the big Western media gave him wall-to-wall coverage. They projected Trump into our living rooms and workplaces. They made it impossible for people to ignore him and his antics. They breathed life into his clownish campaign and, in doing so, helped to polarize American society in a way that had not been achieved since the Civil War. And the circus continued into Trump’s first term.
Why did the media do this? Because it was good for business. Pure and simple. All the cable news stations enjoyed record-breaking ratings. Trump articles in the major newspapers got enormous traffic. But Trump wasn’t just a windfall for CNN and the New York Times. Social media got a big piece of the pie too.
According to a new report in Forbes, Twitter founder Jack Dorsey has seen his net worth climb more than 240% since Trump was elected president. “He now sits atop a $4.4 billion fortune, more than triple the $1.3 billion he had at the start of Trump’s presidency.” Here’s more:
“Twitter’s stock has climbed 105%, boosting Dorsey’s stake in the company from $275 million to $610 million. A bigger share of his wealth comes from Dorsey’s other business, payments firm Square. The Twitter chief executive also serves as CEO of Square, in which he held a bigger, $1 billion stake at the time of Trump’s inauguration. Square shares have surged nearly 370% since then, compared to a 45% increase in the overall stock market. Dorsey’s Square stake is now worth $3.6 billion, enough to compose 80% of the tech tycoon’s fortune.”
That’s right—@jack has benefited more from Trump’s presidency than perhaps anybody else. It’s insane to think that he would ever consider suspending Trump’s Twitter account, despite his passion for political censorship and Trump’s tendency to use Twitter to threaten entire countries with massive acts of violence, including war crimes.
I think it’s safe to say that pledging to bomb Iran’s cultural sites—a unambiguous war crime—violates Twitter’s “community guidelines,” for example. But @jack doesn’t care. He’ll just keep pulling accounts belonging to Iranians and Venezuelans and Syrians, and alternative voices inside the US, all the while raking in a few more billion dollars. Jack’s a jerk-off.