PanamaTimes

Thursday, Feb 22, 2024

0:00
0:00

Yellen hints at ‘national security’ probe into Twitter purchase

US Treasury Secretary Janet Yellen suggested federal officials could launch a national security review into Elon Musk’s purchase of Twitter
The senior US official previously said there was “no basis” for an investigation into the $44 billion deal

US Treasury Secretary Janet Yellen has said federal officials could seek to launch a review into billionaire entrepreneur Elon Musk’s recent purchase of Twitter if it were deemed to carry national security risks. 

Speaking at an event hosted by the New York Times on Wednesday, Yellen claimed she “misspoke” when she said there was “no basis” to investigate Musk or his finances during an interview earlier this month, now clarifying that the government could take that step after all.

“I’m not going to say specifically what we are looking at. We don’t comment on what’s in progress,” she said, but added the Treasury “does look at transactions that involve foreign investments in the United States to see if they create national security risk.”

While she stopped short of confirming that a probe was underway, Yellen said: “if there are such risks it would be appropriate for the Treasury to have a look.”

The secretary’s comments follow earlier reports that the Treasury had already requested approval to begin reviewing Musk’s Twitter deal, though sources told the Washington Post at the time that such actions are “fairly routine” and do not always result in a full-fledged investigation.

Earlier this month, President Joe Biden also stated that Musk’s “relationships with other countries is worthy of being looked at,” following reports that foreign investors such as Saudi Prince Alwaleed bin Talal now hold significant stakes in Twitter. However, Biden stressed that he was not claiming the billionaire had done anything “inappropriate,” and did not indicate that he was under investigation.

Musk has faced pressure from abroad as well, with the European Commission recently threatening to ban Twitter outright should the platform run afoul of the EU’s digital regulations. According to a Wednesday report in the Financial Times, the bloc has presented Musk with a “checklist of rules” and demanded he submit to an “extensive independent audit” sometime next year, insisting Twitter must continue to “aggressively” police disinformation and hate speech. 

The billionaire has repeatedly vowed to make Twitter a bastion of free expression, even suggesting an “amnesty” for previously banned accounts so long as they did not violate the law or post spam. However, critics have argued the more hands-off approach will foster hatred, extremism and misinformation online, with some even urging major platforms like Apple and Google to remove Twitter from their app stores.
Comments

Oh ya 1 year ago
Yes it is routine but it is MORE routine if the owner supports a Republican.

Newsletter

Related Articles

PanamaTimes
Apple warns against drying iPhones with rice
In a recent High Court hearing, the U.S. argued that Julian Assange endangered lives by releasing classified information.
Global Law Enforcement Dismantles Lockbit Ransomware Operation
Russian opposition leader Alexey Navalny has died at the Arctic prison colony
The President of Argentina Javier Mile does not fly private, he flies commercial, with the citizens he represents. And they LOVE him for it.
Bitcoin Reaches $50,000 for First Time in Over Two Years
Belo Horizonte: Brazil's Rising Carnival Hotspot for 2024
In El Salvador, the 'Trump of Latin America' stuns the world with a speech slamming woke policing after winning a landslide election
Tucker’s interview with Putin is over 50M views on X within the first 5 hours.
Finnish Airline, Finnair, is voluntarily weighing passengers to better estimate flight cargo weight
President Nayib Bukele has proudly announced El Salvador's remarkable achievement of becoming the safest nation in the Western Hemisphere.
Former Chilean President Sebastian Piñera Dies in Helicopter Crash
This farmer seems to understand science a bit more than the event organizer, Klaus Schwab.
Facebook turns 20: From Mark Zuckerberg's dormitory to a $1trn company
The Coolest Dictator in the World" on the Path to Victory in El Salvador
Macron, France and fake news
Indian-Origin Man 'King' Arrested For Smuggling $16 Million Drugs Into US
Can someone teach Americans that not every person with slanted eyes is Chinese?
Europe's Farmers Feeding the People, Protesting Against Politicians Who Do Nothing for Their Country and Serve Only Themselves at Taxpayers' Expense
Paris Restaurant That Inspired 'Ratatouille' Loses $1.6 Million Worth Of Wine
Brazilian Police Investigate Bolsonaro's Son for Alleged Illegal Spying
Police in Brazil Raid Residence of Bolsonaro Associate Over Allegations of Illegal Spying
Border Dispute Escalates as Texas Governor Vows Increased Razor Wire
OpenAI Enhances ChatGPT-4 Model, Potentially Addressing AI "Laziness" Issue
The NSA finally acknowledges spying on Americans by acquiring sensitive data
Report Reveals Toxic Telegram Group Generating X-Rated AI-Generated Fake Images of Taylor Swift
US Border Patrol States 'No Plans' to Remove Razor Wire Installed in Texas
Bitcoin Experiences Approximately 20% Decline in Value
Klaus Schwab recently appointed himself as the Earth's "trustee of the future."
DeSantis Drops Out, Endorses Trump.
Nikki Haley said former President Trump is "just not at the same level" of mental fitness as he was while president in 2016.
Residents of a southern Mexican town set the government palace on fire in response to the police killing of a young man
Samsung Launches AI-Driven Galaxy S24, Ushering in New Smartphone Era
Judge Questions SEC's Regulatory Overreach in Coinbase Lawsuit
The Ecuador prosecutor who was investigating the television studio attack, has been assassinated.
Is artificial intelligence the solution to cyber security threats?
Vivek Ramaswamy suspends his US election campaign and endorses Trump.
Viral Satire: A Staged Satirical Clip Mistaken as Real Footage from the 2024 World Economic Forum in Davos
The AI Revolution in the Workforce: CEOs at Davos Predict Major Job Cuts in 2024
Ecuador Reports 178 Hostages in Prison Gang Standoff
The Startling Cuban Espionage Case That Has Rattled the US Government
Two Armed Men in Ecuador, Dressed as Batman and The Joker Storm the Streets.
Armed Gang Raids Ecuadorian TV Station Following State of Emergency Declaration
Anti-Democratic Canada: Journalist Arrested for Questioning Canadian Finance Minister on Support of Terrorist Group
Ecuador's 'Most-Wanted' Criminal Vanishes from Prison
Mexican Cartel Supplied Wi-Fi to Locals Under Threat of Fatal Consequences for Non-Compliance
Border Surge Leads to Over 11,000 Migrants Waiting in Northern Mexico
Outsider Candidates Triumph in Latin American Elections
As Argentina Goes to the Polls, Will the Proposal to Replace the Peso with the Dollar Secure Votes?
Fatal Shark Attack Claims Life of Boston Woman Paddleboarding Near Bahamas Resort, According to Police
×