Bill Ackman Draws Inspiration from Elon Musk's Bold Moves on X

Bill Ackman stirs debate with bold campus initiatives

by Zain ul Abedin
Bill Ackman Draws Inspiration from Elon Musk's Bold Moves on X
© Bryan Bedder/Getty Images

Activist investor Bill Ackman openly praises Elon Musk's social media platform, X, for its commitment to free speech, highlighting both its advantages and its inherent challenges. Speaking at the TED 2024 conference in Vancouver, Ackman expressed his admiration for X as a bastion of free dialogue despite its struggles with contentious content.

"I'm a big fan of X. I think it truly supports open free speech," Ackman commented during the conference. His involvement on the platform is well-known, where he engages in extended, essay-style discussions. "It has profoundly influenced my views, politics, and insights," he added, acknowledging that such a platform inevitably hosts a spectrum of speech, including negative expressions that are a byproduct of its openness.

This discourse around free speech echoes the sentiments of X's owner, Elon Musk, who acquired the platform (formerly known as Twitter) in October 2022. Musk, who has identified himself as a "free speech absolutist," aimed to transform X into a "common digital town square" where diverse opinions can be debated constructively without devolving into violence.

However, the platform has faced criticism for an increase in hate speech under Musk's tenure. The Center for Countering Digital Hate reported a rise in such activity, which led to a legal battle between the nonprofit and X Corp.

However, a federal judge ultimately dismissed the case.

Ackman's Controversial Impact

Ackman's influence extends beyond digital debates. Last year, he was at the forefront of a campaign to remove Claudine Gay from her position as president of Harvard University following her handling of the university's response to a critical international event.

Despite the controversy, which included accusations of academic misconduct, Gay resigned in January following significant pressure. Moreover, Ackman's stance on diversity, equity, and inclusion (DEI) initiatives has sparked further debate.

He criticized these programs as "inherently racist and illegal," a position that led to several resignations from TED fellows when Ackman was announced as a speaker at the conference. The resigning fellows accused Ackman of supporting controversial policies and misusing charges of antisemitism to silence pro-Palestinian voices on campuses.

In response, Ackman defended his actions: "Attempts to cancel speech and block the free exchange of ideas among differing views contribute to the divisiveness affecting our nation," he stated. "Truth, wisdom, and ultimately peace are derived from robust debate — the very essence of what TED represents." Ackman's complex interplay of finance, politics, and social discourse underscores the ongoing conversation about the balance between free speech and its consequences in our increasingly digital world.

Elon Musk