The Elon Musk-Twitter relationship is a story that keeps on giving and in a new twist, a Bloomberg report claims that Musk’s $44 billion takeover is still controlled by the US government. Although the volatile courtship that the world’s richest man fought hard to get out of court ended on October 27, this storm has never been calm.
The US government is still seeking information about confidential agreements Elon Musk has made with foreign investors and whether these deals will give them access to users’ personal data, Bloomberg quoted an unnamed person familiar with the matter as saying. The report further added that there are national security concerns about whether these confidential agreements allow access to users’ personal data.
The revelation comes days after US Treasury Secretary Janet Yellen said in an interview with CBS News that she sees “no basis” for an investigation into the billionaire’s takeover of Twitter. “We really have no basis – as far as I know – to investigate his company’s finances. I am not aware of any concerns that would lead us to [investigate]’ Mrs Yellen had said.
The social media giant has witnessed a chaotic 25 days under the leadership of Elon Musk.
Layoffs, firings, and ultimatums have become a regular feature of Twitter. 1,200 layoffs followed Musk’s brutal wave of layoffs, in which he laid off 50 percent of the company’s employees. In an effort to salvage what remains, Musk even resorted to sending the remaining employees an SOS: “Anyone who writes software, report to the 10th floor at 2 p.m. today,” he had said in an email .
Elon Musk’s attempts to revive user authentication with a controversial subscription service also led to chaos: a tsunami of fake accounts and pranks led major advertisers to abandon the platform.
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