{"id":1465479,"date":"2022-05-05T16:44:40","date_gmt":"2022-05-05T20:44:40","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1465479"},"modified":"2022-05-05T16:44:43","modified_gmt":"2022-05-05T20:44:43","slug":"elon-musks-twitter-buyout-to-face-ftc-antitrust-review-report","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/elon-musks-twitter-buyout-to-face-ftc-antitrust-review-report\/","title":{"rendered":"Elon Musk\u2019s Twitter Buyout To Face FTC Antitrust Review: Report"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Felon-musks-twitter-buyout-to-face-ftc-antitrust-review-report%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1465479&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/dw-wp-production.imgix.net\/2022\/05\/Untitled-design-64.jpg?w=1200&#038;h=800&#038;ixlib=react-9.3.0\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p>Elon Musk\u2019s $44 billion buyout of Twitter is being reviewed by the Federal Trade Commission (FTC), according to a new report.<\/p>\n<p>Bloomberg News first reported the news on Thursday, with the FTC declining to comment.<\/p>\n<p>\u201cUnder U.S. merger law, Musk is required to notify the FTC and the Justice Department of the transaction and wait at least 30 days before closing to allow an investigation into potential antitrust concerns,\u201d Bloomberg <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-05-05\/musk-faces-ftc-antitrust-review-on-twitter-alongside-stock-probe\" target=\"_blank\" rel=\"noopener\">reported<\/a>.<\/p>\n<p>\u201cThe FTC can ask for additional information, issuing what\u2019s known as a second request, which would further delay closing,\u201d the report added.<\/p>\n<p>The deal is not expected to be blocked, but critics have claimed the new purchase will give Musk too much control over free speech.<\/p>\n<p>A letter sent by more than two dozen groups after the announcement that Musk\u2019s offer to buy Twitter had been accepted has also sought to discredit his purchase by urging advertisers to boycott the platform.<\/p>\n<p>\u201cIn a letter sent to brands Tuesday ahead of the 2022 NewFronts digital advertising conference, more than two dozen civil society groups said marketers should secure commitments from Twitter to retain its most critical policies, including on civic integrity and hateful conduct, and threaten to withdraw funding if Twitter does not comply,\u201d CNN\u00a0<a href=\"https:\/\/www.cnn.com\/2022\/05\/03\/tech\/twitter-letter-content-policies\/index.html?utm_term=link&#038;utm_source=twCNN&#038;utm_content=2022-05-03T19%3A15%3A05&#038;utm_medium=social\" target=\"_blank\" rel=\"noopener\">reported<\/a> in the article Musk linked in one of his own posts responding to the controversy.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Who funds these organizations that want to control your access to information? Let\u2019s investigate \u2026<a href=\"https:\/\/t.co\/dBFsGjOMC8\">https:\/\/t.co\/dBFsGjOMC8<\/a><\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1521574041814978562?ref_src=twsrc%5Etfw\">May 3, 2022<\/a><\/p>\n<\/blockquote>\n<p>Musk questioned the effort in another <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1521950798745194496\" target=\"_blank\" rel=\"noopener\">post<\/a>, stating, \u201cI wonder if those funding these organizations are fully aware of what the organizations are doing.\u201d<\/p>\n<p>In addition, on Wednesday, a digital safety committee within the U.K. Parliament invited Musk to answer questions about his new changes for Twitter.<\/p>\n<p>The Daily Wire previously <a href=\"https:\/\/www.dailywire.com\/news\/elon-musk-invited-to-testify-about-twitter-by-u-k-parliament\" target=\"_blank\" rel=\"noopener\">noted<\/a> the U.K. government\u2019s concerns may be related to new draft legislation revealed in March that included potential criminal prosecution of big tech leaders who fail to comply with the country\u2019s online safety rules.<\/p>\n<p>In contrast,\u00a0Federal Communications Commission (FCC) Commissioner Nathan Simington <a href=\"https:\/\/www.dailywire.com\/news\/plainly-un-american-fcc-commissioner-shoots-down-leftist-calls-to-stop-elon-musk-buying-twitter\" target=\"_blank\" rel=\"noopener\">dismissed<\/a> calls for the FCC to stop Elon Musk\u2019s acquisition of Twitter, instead calling for regulators and the general public to welcome it as a win for freedom of speech online.<\/p>\n<p>\u201cSome have recently called on the FCC to stop Elon Musk from acquiring Twitter,\u201d Simington said in a\u00a0<a href=\"https:\/\/www.fcc.gov\/document\/simington-comments-acquisition-twitter\">statement<\/a>\u00a0Monday. \u201cBut nothing in the United States Code or our regulations gives us the right to interfere with this transaction. Our competition review authority does not and has never extended to internet platforms like Twitter.\u201d<\/p>\n<p>Fellow Commissioner\u00a0<a href=\"https:\/\/www.fcc.gov\/document\/carr-rejects-call-fcc-block-musks-purchase-twitter\">Brendan Carr<\/a>\u00a0rejected the notion after Left-wing advocacy group\u00a0<a href=\"https:\/\/www.openmarketsinstitute.org\/publications\/open-markets-details-how-us-government-can-block-musk-takeover-of-twitter\">Open Markets Institute<\/a>\u00a0published a statement calling on the FCC, FTC, and DOJ to block the purchase. \u201cThe FCC has no authority to block Elon Musk\u2019s purchase of Twitter, and to suggest otherwise is absurd,\u201d Carr said. \u201cI would welcome the full FCC making it clear that we will not entertain these types of frivolous arguments.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk\u2019s $44 billion buyout of Twitter is being reviewed by the Federal Trade Commission (FTC), according to a new report.Bloomberg News first reported the news on Thursday, with the<\/p>\n","protected":false},"author":325,"featured_media":1481777,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1465479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1465479","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/325"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1465479"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1465479\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1481777"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1465479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1465479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1465479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}