Removing the checkmark from the UAW's Twitter account is in no way regulating the institution itself. Musk even relented and put the checkmark back.

Don't get me wrong - the unchecked power of billionaires in a society converging towards military industrial oligarchy and centralized control of consensus reality through the media, full of easily controlled and manipulated voters pathologically afraid of effective government, is definitely a problem worth being afraid of. But this isn't an example of it. This is just another "rich babyman throws his toys out of the pram" moment for Musk.