Elon Musk could help change the fabric of American society. Instead he bought Twitter.

Elon Musk's pending purchase of Twitter has Americans either anxious or celebrating – and filling timelines with millions of fraught tweets about the billionaire's $44 billion offer.

"Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated," Musk tweeted Monday to his nearly 87 million followers.

There are so many questions:

►How will Twitter evolve as a privately held company?

►Will Donald Trump be allowed back on the platform?

►Is Black Twitter dead?

►What does this mean for moderation?

►Does Musk even know what free speech means? (Probably not.)

We should all take a minute to breathe. This silly purchase likely won't affect the little corners of our Twitter worlds. It certainly won't solve world hunger (more on that later). And the deal is far from done. Agencies such as the Justice Department and the Federal Trade Commission will likely need to sign off, as well as Twitter stockholders. It could take months.

Musk the philanthropist, on paper

Musk is a Tesla-making, space-transporting billionaire, to be sure. But is he a smart businessman? Is this purchase about ego? Or the quest for enough power to help control the narrative?

Being rich isn't my ministry so maybe I have no idea what I'm talking about. But I don't understand how a man with enough money to literally help change the fabric of American society decides to spend it on a platform that isn't even that popular.

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According to a 2021 Pew Research Center social media study, only 23% of U.S. adults use Twitter. Sure, that's still millions of people, but the platform's use has been in steady decline. Instagram, Facebook, YouTube, Pinterest, Snapchat and LinkedIn all have bigger platforms. That's the thing about social media – it's fickle. Users could be navigating to the next big "it" platform before Musk finalizes this latest business venture.

Musk is philanthropic, at least on paper. Last November, he donated more than 5 million shares of Tesla stock, worth $5.7 billion, to an undisclosed charity. Some have questioned whether the donation was made so Musk could avoid capital gains tax. Through the Musk Foundation, Musk has also shared his fortune, including a donation of $100 million to fund a global competition for developing technologies to remove carbon dioxide from the air.

Musk buying Twitter is good for free speech. And a 'nightmare' for progressives.

Yet I watch philanthropists like Mackenzie Scott, who has donated at least $12 billion since 2020 to nearly 1,300 organizations and nonprofits that focus on issues like affordable housing, food security, public health, education equity, job training, racial justice and gender equality.

“Our team’s focus over these last nine months has included some new areas, but as always our aim has been to support the needs of underrepresented people from groups of all kinds. The cause of equity has no sides,” Scott wrote in a March post on the website Medium.

Where's the humanitarian effort?

That kind of altruism can only be characterized as important, enduring and life-changing. Guess what it isn't? Investment in a social media platform where politicians can argue and we can look at pet pictures.

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Listen, I like Twitter. I am in control of who I follow, and I appreciate the many news organizations and journalists who use the platform to share their work. It gives me a manageable window into the world and what news is interesting or trending. From there I can decide whether I want to engage further.

It would just be nice if Musk decided to get on board with humanitarian efforts and spend more money on something meaningful, let's say this country's blights of homelessness and poverty. Instead, he bought Twitter.

Oh, and I guess I should start following Musk. Maybe.

National columnist/deputy opinion editor Suzette Hackney is a member of USA TODAY’S Editorial Board. Contact her at shackney@usatoday.com or on Twitter: @suzyscribe

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This article originally appeared on USA TODAY: What if Elon Musk had spent $44 billion on charity instead of Twitter?