Wednesday, October 15, 2025

Latest

Elon Musk’s Twitter Takeover Faces FTC Antitrust Review

It appears that Elon Musk’s $44 billion Twitter (NYSE: TWTR) acquisition is not quite out of the woods just yet. According to Bloomberg, which cited individuals familiar with the matter, the US Federal Trade Commission opened a review into Musk’s takeover of Twitter Inc, to determine whether or not the Tesla CEO purchased the social media company in accordance with antitrust laws.

As per US merger laws, the FTC and the Justice Department need to be notified before such a transaction takes place, allowing a duration of at least 30 days before closing to allow for a potential investigation should antitrust concerns arise. The FTC can also make a second request for more information, ultimately delaying the closing timeline even further.

The deal has been heavily criticized by the Open Markets Institute, which argued that Musk would subsequently gain too much “direct control over one of the world’s most important platforms for public communications and debate.” The group also pointed out Musk’s satellite communication company Starlink as a potential concern.

Separately, the FTC is also examining whether or not Musk should have notified the agency’s officials about his 9% ownership in Twitter back in March. At the time, the Tesla CEO did not file FTC paperwork, instead opting to use an exemption in the law that allows one to purchase voting securities as long as they are only used for investment purposes.


Information for this briefing was found via Reuters. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Military Seizes Power in Madagascar After President Flees

Altamira Gold Hits 395.5 Metres Of 0.4 g/t Gold At Maria Bonita

Related News

Two Safety Executives Leave Twitter Amid Content Moderation Concerns

In a double blow to Twitter, two key safety leaders have left the company within...

Monday, June 5, 2023, 02:59:00 PM

Twitter Removes “State-Affiliated” Badge On Chinese And Media Accounts

It appears that the recent debacle by Elon Musk in relation to slapping the “Government...

Friday, April 21, 2023, 08:37:57 AM

Elon Musk Offers Subscriptions to Twitter Creators as a “Company-Paid Perk” to SpaceX Employees

Twitter/X owner Elon Musk is leveraging the concept of a captive audience. New York Times...

Saturday, July 29, 2023, 07:04:00 AM

Bill Gates VS Elon Musk: Is The Feud Back On?

“What a d*ck move!” Tesla CEO and soon-to-be-owner-of-Twitter Elon Musk responded to a tweet featuring...

Sunday, May 29, 2022, 04:54:00 PM

It’s Finally Here! Twitter Launches Edit Button

After more than 15 years, Twitter users will no longer have to worry about ill-fated...

Thursday, September 1, 2022, 11:30:51 AM