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Saturday, April 23, 2022

Elon Musk Bid For Twitter Gets Political As Lawmakers Demand Records

Will the agreement be violated by lawbreakers growing up to be aggressive?


Elon Musk's bid to find Twitter reached a new peak on April 22, when Republican lawmakers said they wanted the company to keep all records related to its billion-dollar acquisition of technology.



Musk donated $ 46.5 billion to Twitter, of which it owns 9.2%, and indicated how it would support the deal earlier this week.


That request got a new location on April 22 when Musk filed a petition with the SEC outlining the three new holding companies he had created.


Dubbed X Holdings I, II and III, complete that Musk and his investment partners will use all three companies "directly or indirectly" to gain access to Twitter.


Twitter has continued to criticize the dismissal, and Vanguard Group has acquired a larger share of the company than Musk.


The company has also adopted a "toxic pill" strategy to prevent any organization from buying more than 15% of Twitter's purchases, in an effort to prevent Hail Mary from consuming malicious content.


Now, however, the Twitter application raises two other big questions: Who else would want to buy a company, and will the deal be resolved by aggressive growing lawmakers?


It Starts Politics

On April 22, a group of 18 members in the Republican House Judiciary Committee asked the Twitter board to keep track of all communications they had about Musk's request.


"Among other things, the Board's response to Elon Musk's request to purchase Twitter, as well as external opposition to Musk's role in the future of Twitter is about," wrote Jim Jordan (R-Ohio) and 17 other lawmakers.


The people of the Republic have been keen to focus on Twitter's performance in view of its move to block former President Donald Trump following a violent attempt on January 6, 2021 to end his election losses.


"Decisions regarding Twitter's future domination will no doubt have a bearing on public debate in the United States and may lead to new legislative efforts to further the maintenance of free speech online," the letter said.


The group wrote to Twitter Board Chairman Bret Taylor and all other board members, indicating that if Republicans get the majority after mid-November, they can put Twitter directly on their sites.


Twitter blocked Trump on his platform "because of the danger of continuing to promote violence" in the wake of the US Capitol attacks.


"As Congress continues to explore Big Tech and how to better protect the rights of Americans to free speech, this book serves as a legal request to keep all records and material related to Musk's request to purchase Twitter, including Twitter considerations and responses to this offer, as well as Twitter reviews of shareholders' interests. in relation to Musk's request, ”states the letter.


“You must define this preservation notice as an order to take all reasonable steps to prevent vandalism or alteration, either intentionally or negligently, of all documents, communications, and other information, including electronic and metadata information, implying or potentially responsive. in this congressional inquiry, ”the letter said.