US watchdog says it cannot block Musk’s Twitter purchase

It is nary longer quality that Elon Musk has acquired Twitter. But respective entities and organizations person opposed the deal, including Open Markets Institute, which claims regulators tin artifact the deal.

However, the Federal Communications Commission (FCC) Commissioner Brendan Carr has responded by stating that the bureau has nary powers to forestall the acquisition.

According to his statement:

The FCC has zero authorization to artifact Musk’s acquisition of Twitter. And it is peculiarly frivolous to inquire the bureau to bash truthful successful the sanction of protecting escaped code and unfastened debate.

This was successful effect to the Open Markets Institute’s assertion that the Commission, alongside different national agencies similar the Department of Justice (DOJ) and Federal Trade Commission (FTC), could forestall the deal.

A statement released connected April 26 by the Institute claimed that the woody poses a menace to “American ideology and escaped speech.” It besides stated that it violates existing laws. Thus, regulators person the powerfulness to artifact the deal.

But the connection from FCC commissioner Brendan Carr volition extremity that speculation arsenic acold the bureau is concerned.

However, determination are inactive galore regulatory approvals earlier Musk tin officially presume ownership of Twitter.

Will Musk’s Twitter acquisition guarantee escaped speech?

While regulators mightiness assertion they don’t person the power, respective others stock the opinions of Open Markets astir the acquisition. 

According to these critics, the main interest astir Musk’s Twitter acquisition is that it would lone summation his power to the detriment of escaped speech.

This appears ironic fixed that Musk claimed his crushed for buying the societal media level was to guarantee escaped speech. The billionaire, who has been precise progressive connected the platform, stated that helium plans to marque Twitter maximum amusive successful a caller tweet.

Let’s marque Twitter maximum fun!

— Elon Musk (@elonmusk) April 28, 2022

Former Twitter CEO and co-founder Jack Dorsey revealed that helium feels Musk’s determination to bargain Twitter was the champion determination for the platform.

In principle, I don’t judge anyone should ain oregon tally Twitter. It wants to beryllium a nationalist bully astatine a protocol level, not a company. Solving for the occupation of it being a institution however, Elon is the singular solution I trust. I spot his ngo to widen the airy of consciousness.

— jack⚡️ (@jack) April 26, 2022