The government is still scrutinizing Musk's deal to acquireTwitter. The US government is investigating whether Musk's foreign investment partners have access to users' private data on the platform.
The government is asking for more information about Musk's private agreements with international investors who hold stakes in the company, according to sources. Concerns have been raised about Musk's business dealings in China andUkraine.
The head of the Committee on Foreign Investment in the US said that there was no basis to investigate Musk's acquisition of the social network. President Joe Biden and Senator Chris Murphy both called for the Committee on Foreign Investment in the United States to look into Musk's relationship with other countries. Murphy didn't understand the decision. This is a transaction that is designed to be reviewed.
Several lawmakers, including Richard Blumenthal (D-CT), Dianne Feinstein (D-CA), Elizabeth Warren (D-MA), Ed Markey (D-MA), and Ben Ray Lujn (D-NM), are also pushing.
Musk has taken alarming steps that have undermined the integrity and safety of the platform. The letter makes reference to Musk'sTwitter Blue with verification subscription, which was pulled after it was found to be rife with fake verified accounts. Blue will be restored with verification later this month.
In order to comply with the conditions of the settlement it reached with the FTC over claims that it used personal information to sell targeted ads, it's going to have to do something. The company could face billions of dollars in fines if it doesn't follow the consent order.
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