Beautiful Virgin Islands

Wednesday, Jul 09, 2025

Elon Musk's Twitter Takeover Under Probe In US. Here's Why

Elon Musk's Twitter Takeover Under Probe In US. Here's Why

The US government is still seeking information on confidential agreements that Elon Musk made with foreign investors and whether those deals allow them to access users' personal data.
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 facing US government scrutiny. While the volatile courtship, which the world's richest man fought hard to back out of in court, ended on October 27, there hasn't been a moment's calm during this storm.

The US government is still seeking information on confidential agreements that Elon Musk made with foreign investors and whether those deals allow them to access users' personal data, Bloomberg quoted an unnamed person familiar with the matter. The report further added that there are national-security concerns over whether these confidential agreements allow access to users' personal data.

This revelation comes days after US Treasury Secretary Janet Yellen said she sees "no basis" for investigating the billionaire's acquisition of Twitter in an interview with CBS News. "We have really no basis - to the best of my knowledge - to examine his finances of his company. I'm not aware of concerns that would cause us to [investigate]," Ms Yellen had said.

The social media giant has witnessed a chaotic 25 days under Elon Musk's leadership.

Resignations, layoffs and ultimatums have become a regular feature at Twitter. 1,200 resignations followed Musk's brutal firing spree, where he let go of 50 per cent of the company's employees. In a bid to salvage what remains, Musk even resorted to sending the remaining employees an SOS: "Anyone who writes software, please report to the 10th floor at 2 pm today," he'd said in an email.

Elon Musk's attempts to revamp user verification with a controversial subscription service also led to chaos: a tsunami of fake accounts and pranks prompted major advertisers to step away from the platform.
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Weinstein Victim’s Lawyer Says MeToo Movement Still Strong
U.S. Enacts Sweeping Tax and Spending Legislation Amid Trade Policy Shifts
Football Mourns as Diogo Jota and Brother André Silva Laid to Rest in Portugal
Labour Expected to Withdraw Support for Special Needs Funding Model
Leaked Audio Reveals Tory Aide Defending DEI Record
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
London Stock Exchange Faces Historic Low in Initial Public Offerings
A new online platform has emerged in the United Kingdom, specifically targeting Muslim men seeking virgin brides
Trump Celebrates Independence Day with B-2 Flyover and Signs Controversial Legislation
Boris Johnson Urges Conservatives to Ignore Farage
SNP Ordered to Update Single-Sex Space Guidance Within Days
Starmer Set to Reject Calls for Wealth Taxes
Stolen Century-Old Rolls-Royce Recovered After Hotel Theft
Macron Presses Starmer to Recognise Palestinian State
Labour Delayed Palestine Action Ban Over Riot Concerns
Swinney’s Tax Comments ‘Offensive to Scots’, Say Tories
High Street Retailers to Enforce Bans on Serial Shoplifters
Music Banned by Henry VIII to Be Performed After 500 Years
Steve Coogan Says Working Class Is Being ‘Ethnically Cleansed’
Home Office Admits Uncertainty Over Visa Overstayer Numbers
JD Vance Questions Mandelson Over Reform Party’s Rising Popularity
Macron to Receive Windsor Carriage Ride in Royal Gesture
Labour Accused of ‘Hammering’ Scots During First Year in Power
BBC Head of Music Stood Down Amid Bob Vylan Controversy
Corbyn Eyes Hard-Left Challenge to Starmer’s Leadership
London Tube Trains Suspended After Major Fire Erupts Nearby
Richard Kemp: I Felt Safer in Israel Under Attack Than in the UK
Cyclist Says Police Cited Human Rights Act for Riding No-Handed
China’s Central Bank Consults European Peers on Low-Rate Strategies
AI Raises Alarms Over Long-Term Job Security
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Musk Battles to Protect Tesla Amid Trump Policy Threats
Air France-KLM Acquires Majority Stake in Scandinavian Airlines
UK Educators Sound Alarm on Declining Child Literacy
Shein Fined €40 Million in France Over Misleading Discounts
Brazil’s Lula Visits Kirchner During Argentina House Arrest
Trump Scores Legislative Win as House Passes Tax Reform Bill
Keir Starmer Faces Criticism After Rocky First Year in Power
DJI Launches Heavy-Duty Coaxial Quadcopter with 80 kg Lift Capacity
U.S. Senate Approves Major Legislation Dubbed the 'Big Beautiful Bill'
Largest Healthcare Fraud Takedown in U.S. History Announced by DOJ
Poland Implements Border Checks Amid Growing Migration Tensions
Political Dispute Escalates Between Trump and Musk
Emirates Airline Expands Market Share with New $20 Million Campaign
Amazon Reaches Milestone with Deployment of One Millionth Robot
US Senate Votes to Remove AI Regulation Moratorium from Domestic Policy Bill
Yulia Putintseva Calls for Spectator Ejection at Wimbledon Over Safety Concerns
Jury Deliberations in Diddy Trial Yield Partial Verdict in Serious Criminal Charges
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
×