It appears that liberal elites are doing everything possible to stop Elon Musk from purchasing Twitter and ensuring the social platform allows for free speech.
Musk even said that he would reverse Twitter’s permanent ban on President Donald Trump if the sale is finalized. This is certainly infuriating Democrats who have been outspoken about their support for increased online censorship.
In an alarming development, an investigation has been launched by the U.S. government into Elon Musk’s $44 billion purchase of Twitter. The purchase of Twitter is also being reviewed by the Federal Trade Commission (FTC), reports say.
The Wall Street Journal reports that the Securities and Exchange Commission is “probing Mr. Musk’s tardy submission of a public form that investors must file when they buy more than 5% of a company’s shares.”
Musk initially purchase 9% of Twitter for roughly $3 billion, but his April 4th disclose was at least 10 days late. Experts say this hypothetically could have saved him more than $140 million because it’s possible that share prices would have increased if the public knew about his ownership of 5% of the company.
However, even if there is a lawsuit against Musk from the SEC, experts explain this would likely not stop him from taking over Twitter.
Twitter’s board of directors has unanimously approved for the company to be acquired by Musk and the SEC may lack the power to stop this from occurring.
Daniel Taylor of University of Pennsylvania said, “The case is easy. It’s straightforward. But whether they’re going to pick that battle with Elon is another question.”
Not too long ago, the liberal board of directors at Twitter shot down the possibility that Elon Musk could reverse the company ban on President Donald Trump.
When Musk only owned 9% of the company worth roughly $3 billion, Twitter responded to the issue by saying, “Policy decisions are not determined by the board or shareholders, and we have no plans to reverse any policy decisions.”
However, now that Twitter has accepted Musk’s $44 billion offer to purchase the company, Musk said, “I would reverse the permanent ban.”
“I don’t own Twitter yet,” he added. “So this is not like a thing that will definitely happen, because what if I don’t own Twitter? Permanent bans should be extremely rare and really reserved for accounts that are bots, or scam, spam accounts,” he continued. “I do think it was not correct to ban Donald Trump,” Musk said.
“I think that was a mistake, because it alienated a large part of the country and did not ultimately result in Donald Trump not having a voice,” Musk explained. You can watch the video here:
Elon Musk: “I would reverse” President Trump’s ban from Twitter
— Greg Price (@greg_price11) May 10, 2022
Twitter has been widely condemned for failing to allow for the basic right to free speech on its platform.
Left-wing “fact-checkers” are regularly accused of censoring the opinions and speech of Americans on Twitter and Facebook. Twitter recently suspended multiple accounts, including satire outlet Babylon Bee and Fox News host Tucker Carlson.
Once Musk gained some control, users immediately suggested that the company reinstate President Donald Trump’s account. Musk also argued that former Twitter CEO Jack Dorsey agrees with him on this issue that Trump should not have been banned.
“Dorsey has yet to publicly respond to the claim,” Fox News noted.
Despite this possibility, Trump himself has said he will not return to Twitter. Trump has launched his own social platform called Truth Social. “I am not going on Twitter, I am going to stay on TRUTH,” Trump said. “I hope Elon buys Twitter because he’ll make improvements to it, and he is a good man, but I am going to be staying on TRUTH.”
Musk blasted the left-wing social media platform for failing to allow for free speech. Twitter notoriously banned President Donald Trump from using the platform back in 2020.
Now that @ElonMusk is Twitter’s largest shareholder, it’s time to lift the political censorship.
Oh… and BRING BACK TRUMP!
— Lauren Boebert (@laurenboebert) April 4, 2022
Musk asked his followers to take an informal poll: “Free speech is essential to a functioning democracy. Do you believe Twitter rigorously adheres to this principle? Is a new platform needed?” he asked. Take a look:
Is a new platform needed?
— Elon Musk (@elonmusk) March 26, 2022
Some people suggest that Musk should simply buy Twitter:
Yes. Buy twitter or please build one. Save the country from these psycho Silicon Valley libs
— Buck Sexton (@BuckSexton) March 26, 2022
An overwhelming number of Americans responded that Twitter is failing to adhere to the basic principle of free speech. Musk’s poll received responses from 2 million people. It showed that 70.4% of people believe think Twitter is doing a bad job.