Elon Musk, CEO of Tesla, SpaceX and other companies has also become the chief executive of Twitter after firing the current board. Although he bought the social media platform for $44 billion, many of those billions came from banks and Saudi Arabia as members of the royal family have invested in the platform, along with the kingdom of Qatar. Sen. Chris Murphy has asked for a review of the financing deal of the platform by the Committee on Foreign Investment in the United States (CFIUS).
On Monday, Senator Murphy called for an immediate probe into the implications on national security as the deal has foreign financial partners. Twitter has information about hundreds of millions of Americans who use the platform though some prominent members are planning to leave or have left after Musk’s takeover which lead to an increase in hate-related posts as well as a conspiracy theory related link posted by the self described Chief Twit–Elon Musk, which was later removed after there was an uproar.
In his letter to Treasury Secretary Janet Yellen, the leader of CFIUS, Senator Chris Murphy said, “The purpose of these reviews is clear: to protect the national security interests of the United States and American citizens.”
The Senator also mentioned national security issues and not only the “vast stores of data” about American citizens that had been collected by the social media platform. He said that “ any potential Twitter’s foreign ownership will result in increased censorship, misinformation, or political violence is a grave national concern.”
He also mentioned his concern about the repression in Saudi Arabia. He noted that the country had minimal tolerance for free speech. He also referenced the death of Jamal Khashoggi. The Washington Post journalist, who was a Saudi dissident, had been murdered, in 2018. The murder took place in the Saudi Consulate, in Istanbul, Turkey.
According to a report in Reuters, on Friday, the private office of Prince Alwaleed Bin Talal and the Kingdom Holding Company in Saudi Arabia said that they would continue to hold their shares in Twitter that are valued at roughly $1.89 billion.
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