Brazil’s decision to block access to social media platform X has left 20 million users outraged and drawn fierce criticism from all who value free speech. Among the loudest voices condemning the move is billionaire hedge fund manager Bill Ackman.

Ackman has recently joined the chorus of critics slamming the court order that suspended Elon Musk’s social media platform in Brazil. In a bold online post, he labeled the ruling as tyrannical, warning that it would drive away investors and wreak havoc on Brazil’s economic prospects.

Last Friday, Brazilian Supreme Court Justice Alexandre de Moraes ordered the country’s internet service providers to block access to X. The drastic measure came after the platform refused to appoint a legal representative in Brazil, following the Court’s secret and illegal demands threats that included possible imprisonment of representatives.

Justice de Moraes wanted X to comply with his demands to remove accounts accused of spreading so-called political “misinformation.” The move has sparked outrage across multiple sectors, and now Ackman is speaking out against what he sees as an assault on freedom.

Ackman minced no words, arguing that such a ruling would deter investors and damage Brazil’s reputation as a business-friendly country. But the Supreme Court didn’t stop there. In an outrageous escalation, Moraes also froze funds held by another of Musk’s ventures, Starlink, to enforce penalties against X for not complying with the court’s orders.

Bloomberg reported that Ackman warned, “The illegal shutdown of X and account freeze at Starlink put Brazil on a rapid path to becoming an uninvestable market. China committed similar acts leading to capital flight and a collapse in valuations. The same will happen to Brazil unless they quickly retreat from these illegal acts.”

In the days following the order, most of Brazil’s major internet providers complied, prompting users to flock to X’s competitors. Bluesky, a social media network founded by Jack Dorsey after he sold Twitter to Musk, reported gaining one million new users in just three days and began posting in Portuguese to welcome the influx of Brazilians.

Brazil’s heavy-handed crackdown on X is not only a direct attack on free speech but also a dangerous step towards economic instability that could have far-reaching consequences.

Thanks to our friends at The Gateway Pundit for contributing to this article.