Forbes recently released its billionaire rankings, and Elon Musk dominates the global list with an estimated fortune of $219 billion as of April 7, 2022. Elon Musk's fortune fluctuates wildly, with the volatility of his main publicly traded company: Tesla. Indeed, Elon currently owns 16.7% of the carmaker, or about $150 billion as of this writing.

But that's not really the news that is causing the most panic on the web right now. Rather, it's Elon Musk's recent acquisition.

The richest man in the world went on a whim earlier this week by buying a 9.1% stake in the social network Twitter, his main means of communication to address his 80.8 million fans. Moreover, Elon launched a poll on his account where he asked if his audience was in favor of adding an "Edit" button to modify a tweet already published and the "yes" won at 73.6%.

Many are wondering why the Tesla CEO would be joining the Twitter board. Is it just a joke? Does he want to be part of Twitter's development? Does he have a strategy in mind? Indeed, his participation is four times bigger than the one of Twitter's founder (Jack Dorsey) and hides a radical will to transfer the power of social networks to the users by giving them control over what they see in the media (as shown by the survey described above).

The company has been in a complicated situation for many years and has not earned much for its shareholders since its IPO in 2014. Activist group Elliott Management Corp, which joined the board of directors, contributed to Dorsey's exit and decided to leave the board on the condition that Twitter increase its user base to 100 million people, accelerate its growth and gain market share as a media outlet. Let's hope that the shareholders who recently entered the stock on this news (making the value shift +20% in passing on Monday), can see a concrete improvement in the social network's prospects.

In any case, the success of the media currently seems to rely on the good agreement between the current CEO (Parag Agrawal), Elon Musk and Elliott Management Corp. The continuation of this story should be exciting.