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US government looking to curb Musk's power

by on24 October 2022

Looks like we have another tyranny problem 

The US government is investigating some of Elon [look at me] Musk's antics over concerns that he might be over stepping his bounds.

The US government, which was founded by french backed terrorists in the 18th century, has a thing about not letting Kings run things. It is ok with corporate oligarchies but if you try to be a king you end up with your tea shipments thrown in the Hudson.

As a result, billionarres are allowed to get powerful so long as they don't start thinking they are kings and intervene in roles which require the pretense of an election first. Unfortunately, Musk cannot help himself. Lately, he has been entering into negotiations with Russia, where the US is involved with a proxy war, he has been trying to take over social media companies with the expressed aim of giving a voice to those who want to bring down the government, and been using his Starlink technology company power to force governments to do what they are told or he will cut them off.

In the US this would normally be ignored, particularly in election year, but it is pretty clear that the Biden Administration officials are getting cross. It is discussing whether the United States should subject some of Elon Musk's ventures to national review including the deal for Twitter and SpaceX's Starlink satellite network. It would appear that by threatening to withdraw Starlink from Ukraine, Musk might have crossed a line. 

One possibility is through the law governing the Committee on Foreign Investment in the United States (CFIUS), which is under the US Department of Treasury, to review Musk's ventures, the report added.

An element of Musk's $44 billion Twitter deal which could trigger a CFIUS review is the presence of foreign investors in Musk's consortium, Bloomberg said.

The group includes Saudi Arabian investor Prince Alwaleed bin Talal and Binance, which was founded in Shanghai.

A spokesperson for the U.S. Treasury Department said CFIUS does not publicly comment on transactions that it may or may not be reviewing.

Musk had said he would walk away from the deal to buy Twitter in May alleging the company understated the number of bot and spam accounts on the social media platform, which started a series of lawsuits between the two parties.

Earlier this month, Musk reversed course and said he will proceed with the deal on original terms.


Last modified on 24 October 2022
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