Elon Musk’s Twitter Takeover Under Probe In US. Here’s Why


Elon Musk’s Twitter Takeover Under Probe In US. Here’s Why

The social media giant has witnessed 25 days of chaos led by Elon Musk.

The Elon Musk-Twitter relationship is a story that keeps on giving and taking a new twist, a Bloomberg reports claims that Musk’s $44 billion takeover still faces a US government investigation. There was not a moment’s lull in the storm, which ended on October 27, as the world’s richest man stormed out of court.

The U.S. government is still seeking information about Elon Musk’s confidential deals with foreign investors and whether those deals allowed them to access users’ personal data, Bloomberg cited an unnamed person familiar with the matter. The report also adds that there are national-security concerns about whether these confidentiality agreements allow access to users’ personal data.

The revelation comes days after US Treasury Secretary Janet Yellen said she saw “no basis” to investigate the billionaire’s acquisition of Twitter. Interview with CBS News. “We really have no basis – to my knowledge – to examine the finances of his company. I’m not aware of any concerns that would give us [investigate]” Ms. Yellen said.

The social media giant has witnessed 25 days of chaos led by Elon Musk.

Resignations, layoffs and ultimatums have become a regular feature on Twitter. The 1,200 resignations followed Musk’s brutal firing, in which he let go of 50 percent of the company’s employees. To salvage what was left, Musk even resorted to sending out remaining employees SOS: “Anyone who writes software, please report to the 10th floor at 2pm today,” he said in an email.

Elon Musk’s attempt to revamp user verification with a controversial subscription service also led to chaos: a tsunami of fake accounts and pranks prompted major advertisers to pull away from the platform.

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