Tesla CEO Elon Musk put Democrat President Joe Biden on notice after reports emerged that the federal government is looking into blocking his deal to buy Twitter.
As Slay News reported last week, the Biden administration is reportedly discussing taking new action to block Musk from buying Twitter.
Bloomberg News is reporting that the Biden admin is considering plans to scrutinize all of Musk’s business dealings, specifically his Twitter deal and the expansion of SpaceX’s Starlink satellite network.
According to the report, the White House is looking into subjecting Musk’s deals to national security reviews in an effort to limit his power.
Musk plans to transform Twitter by ending censorship practices and resorting free speech on the platform once he takes over the company.
The deal is expected to be completed before the end of October, just in time for the midterm elections.
Bloomberg reported: “Biden administration officials are discussing whether the US should subject some of Elon Musk’s ventures to national security reviews, including the deal for Twitter Inc. and SpaceX’s Starlink satellite network, according to people familiar with the matter.
“Twitter shares fell 5.1% as the market opened in New York on Friday.”
“We do not know of any such conversations,” National Security Council Spokesperson Adrienne Watson told CNN.
However, a Treasury spokesperson said the Committee on Foreign Investment in the United States “does not publicly comment on transactions that it may or may not be reviewing.”
As many have pointed out, Democrats have taken issue with Musk’s pledge to end censorship and restore free speech to Twitter.
“Not a single person wringing their hands about @elonmusk buying Twitter has ever had a problem with Jeff Bezos owning the @washingtonpost,” Michael Malice said.
“Good point,” Musk responded.
Good point 🤔
— Elon Musk (@elonmusk) October 22, 2022
According to Fox Business:
Musk has expressed excitement about the Twitter deal despite saying he and other investors are “obviously overpaying” for the platform.
In response to one tweet that said it would be “hysterical” if the government stopped Musk from overpaying for Twitter, he replied with the laughing and 100 emojis.
In addition to shares of Twitter falling on Bloomberg’s report, the stock was weighed down by a Washington Post report that Musk plans to gut nearly 75% of Twitter’s workforce once the deal is finalized.
Twitter General Counsel Sean Edgett told employees in a memo on Thursday that there are no plans for company-wide layoffs.
— Elon Musk (@elonmusk) October 21, 2022
Yeah, doesn’t make sense
— Elon Musk (@elonmusk) October 24, 2022