Biden administration risks political backlash If Musk-run Twitter investigated

November 14, 2022

The Biden administration could be facing a political backlash if the now Elon Musk-run Twitter is investigated.

"With the midterm elections fading into memory, one of the most talked-about stories in Washington is Elon Musk's acquisition of Twitter — and what the Biden administration may or may not do about it," reported the Washington Examiner.

"President Joe Biden held a press conference Wednesday after his party's surprisingly successful midterm cycle and was asked whether Musk's Twitter poses a national security threat due to the involvement of foreign financing," the Examiner added.

"I think that Elon Musk's cooperation and/or technical relationships with other countries is worthy of being looked at," Biden answered. "Whether or not he is doing anything inappropriate, I'm not suggesting that. I'm suggesting that it's worth being looked at. And — but that's all I'll say."

"Musk purchased Twitter for $44 billion on Oct. 27. At issue are portions of the financing — $500 million from a company with ties to China, $1.9 billion from a Saudi prince, and $375 million from Qatar Holdings LLC, which is owned by Qatar's sovereign wealth fund," reported the outlet.

"While those investments total just 8% of the deal, they raise eyebrows from people who are concerned with foreign influence in a company wherein so much political discourse is traded," according to Washington Examiner. "Musk also has ties to China through Tesla, including a factory in Shanghai and a showroom in Xinjiang province."

"If Twitter or Musk wanted this deal to be safe [from investigations], they would have notified CFIUS in advance and obtained a safe harbor letter," Sanjay Patnaik, a fellow at the Brookings Institution, noted. "I’d imagine Musk probably did not notify CFIUS preemptively and did not obtain such a letter."

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