{"id":1704914,"date":"2022-10-20T22:02:55","date_gmt":"2022-10-21T02:02:55","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1704914"},"modified":"2022-10-20T22:03:01","modified_gmt":"2022-10-21T02:03:01","slug":"biden-admin-discussing-taking-new-action-over-elon-musks-business-dealings-report","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-admin-discussing-taking-new-action-over-elon-musks-business-dealings-report\/","title":{"rendered":"Biden Admin Discussing Taking New Action Over Elon Musk\u2019s Business Dealings: 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\">24<\/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%2Fbiden-admin-discussing-taking-new-action-over-elon-musks-business-dealings-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=1704914&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--><p>President <a href=\"https:\/\/www.dailywire.com\/topic\/joe-biden\" target=\"_blank\" rel=\"noopener\">Joe Biden\u2019s<\/a> (D) administration is reportedly weighing subjecting <a href=\"https:\/\/www.dailywire.com\/topic\/elon-musk\" target=\"_blank\" rel=\"noopener\">Elon Musk\u2019s<\/a> business dealings to national security reviews due to how much power he is acquiring.<\/p>\n<p>Bloomberg News <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-10-21\/twitter-musk-talks-warm-up-as-buyout-closing-deadline-nears\" target=\"_blank\" rel=\"noopener\">reported<\/a> that the administration is specifically wanting to scrutinize Musk\u2019s Twitter deal and SpaceX\u2019s Starlink satellite network.<\/p>\n<p>The news comes after The Washington Post <a href=\"https:\/\/www.washingtonpost.com\/technology\/2022\/10\/20\/musk-twitter-acquisition-staff-cuts\/\" target=\"_blank\" rel=\"noopener\">reported<\/a>\u00a0Thursday afternoon that Musk told prospective investors that he plans to get rid of \u201cnearly 75 percent of Twitter\u2019s 7,500 workers, whittling the company down to a skeleton staff of just over 2,000.\u201d<\/p>\n<p>The report said that even if the Musk\u2019s acquisition of Twitter somehow does not go through, large cuts are still expected as the current people running the company planned to get rid of roughly 25% of the company\u2019s staff.<\/p>\n<p>The report said that the planned cuts by Twitter\u2019s executives helped to explain why the company wanted to sell to Musk once he made the offer.<\/p>\n<p>The social media platform had been fighting Musk in court over his <a href=\"https:\/\/www.dailywire.com\/news\/the-purge-is-coming-twitter-explodes-after-elon-musk-tanks-44-billion-deal\" target=\"_blank\" rel=\"noopener\">attempt to cancel<\/a> a previous offer to buy the company for $44 billion, a move he said was driven by concerns that executives were underestimating the actual number of <a href=\"https:\/\/www.dailywire.com\/news\/heres-the-latest-in-the-elon-musk-twitter-legal-feud\" target=\"_blank\" rel=\"noopener\">fake accounts<\/a> on the platform. Musk <a href=\"https:\/\/www.dailywire.com\/news\/breaking-elon-musk-proposes-twitter-buyout-at-54-20-per-share-trading-halted-as-stock-price-soars\" target=\"_blank\" rel=\"noopener\">revived<\/a> his efforts to purchase Twitter earlier this month.\u00a0Beyond his concern about fake accounts, Musk has voiced criticism over lackluster support on Twitter for free expression.<\/p>\n<p>The administration\u2019s apparent desire to review\u00a0SpaceX\u2019s Starlink satellite network from a national security perspective likely is in reference to the company demanding that it be paid for its services last month in a letter to the Pentagon.<\/p>\n<p>SpaceX\u2019s director of government sales wrote to the Pentagon, \u201cWe are not in a position to further donate terminals to Ukraine, or fund the existing terminals for an indefinite period of time.\u201d<\/p>\n<p>Musk, who is the CEO of SpaceX, backtracked over the weekend on the company demanding payment for its services.<\/p>\n<p>\u201cThe hell with it,\u201d Musk <a href=\"https:\/\/www.dailywire.com\/news\/the-hell-with-it-elon-musk-reverses-course-on-starlink-decision-in-ukraine\" target=\"_blank\" rel=\"noopener\">said<\/a>, \u201ceven though Starlink is still losing money &#038; other companies are getting billions of taxpayer $, we\u2019ll just keep funding Ukraine govt for free.\u201d<\/p>\n<p>Politico <a href=\"https:\/\/www.politico.com\/news\/2022\/10\/17\/pentagon-starlink-funding-ukraine-00062103\" target=\"_blank\" rel=\"noopener\">reported<\/a> Monday that U.S. officials with knowledge of the situation said that the Department of Defense wanted to pay for the satellites to continue operating over Ukraine because the U.S. did not like Musk\u2019s unpredictability. Funding for the effort would likely come out of the Ukraine Security Assistance Initiative, which has been used to purchase things needed for the country\u2019s war effort.<\/p>\n<p>European officials are now also getting involved in discussions on funding Starlink as Lithuanian Foreign Minister Gabrielius Landsbergis <a href=\"https:\/\/www.politico.eu\/article\/eu-consider-pay-elon-musk-starlink-spacex-internet-ukraine\/\" target=\"_blank\" rel=\"noopener\">told<\/a> Politico Europe that the ability of Ukraine\u2019s military to operate via satellite should not be determined by one \u201csuper-powerful\u201d person who could just randomly decide one day to shut off Ukraine\u2019s internet access.<\/p>\n<p>\u201cI figured that it\u2019s probably way better to have this as a contractual agreement between, let\u2019s say, a coalition of countries that could purchase a service from Mr. Musk, the Starlink service, and provide it to the Ukrainians and keep on providing it to Ukrainians,\u201d Landsbergis said.<\/p>\n<p>Musk responded to the Politico report by appearing to suggest that he did not want to be paid for the satellite\u2019s service.<\/p>\n<p>\u201cSpaceX has already withdrawn its request for funding,\u201d Musk said. \u201cTo be precise, 25,300 terminals were sent to Ukraine, but, at present, only 10,630 are paying for service.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden\u2019s (D) administration is reportedly weighing subjecting Elon Musk\u2019s business dealings to national security reviews due to how much power he is acquiring. Bloomberg News reported that the administration is specifically wanting to scrutinize Musk\u2019s Twitter deal and SpaceX\u2019s Starlink satellite network. The news comes after The Washington Post reported\u00a0Thursday afternoon that Musk &#8230;<\/p>\n","protected":false},"author":1,"featured_media":1473585,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[],"class_list":["post-1704914","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1704914","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1704914"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1704914\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1473585"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1704914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1704914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1704914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}