House Republicans Request Twitter’s Board Retain all Records of Elon Musk’s Offer to Purchase Company

A number of House Republicans are calling on Twitter’s (NYSE: TWTR) board of directors to retain all records pertaining to Tesla CEO Elon Musk’s offer to buy the social media giant, potentially preparing for a congressional probe in the event the right wing party gains majority later this year.

According to documents seen by CNBC, 18 Republicans sitting on the House Judiciary Committee requested Twitter Board Chairman Bret Taylor to save all communication from both personal and official accounts— including messages sent via encrypted software— connected to Twitter’s discussion over Musk’s offer to purchase the company. “This letter serves as a formal request that you preserve all records and materials relating to Musk’s offer to purchase Twitter, including Twitter’s consideration and response to this offer, and Twitter’s evaluation of its shareholder interests with respect to Musk’s offer,” wrote Republican representative Jim Jordan.

“You should construe this preservation notice as an instruction to take all reasonable steps to prevent the destruction or alteration, whether intentionally or negligently, of all documents, communications, and other information, including electronic information and metadata, that is or may be potentially responsive to this congressional inquiry,” he added in the letter.

The latest request from the Republicans comes amid anticipation that the party may regain control of the House come the 2022 midterm elections, and subsequently launch an inquiry into Twitter, especially in the event the company’s Board decides not to accept Musk’s offer. The social media company has come under increased scrutiny— particularly among conservative lawmakers, who accused the platform of unfairly removing and moderating content based on ideological grounds. Twitter, in response, argued that its merely enforcing standards based on its community principals.

“Decisions regarding Twitter’s future governance will undoubtedly be consequential for public discourse in the United States and could give rise to renewed efforts to legislate in furtherance of preserving free expression online. Among other things, the Board’s reactions to Elon Musk’s offer to purchase Twitter, and outsider opposition to Musk’s role in Twitter’s future are concerning,” continued the letter addressed to Taylor.


Information for this briefing was found via CNBC. 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

Why the Market May Be Misreading Iran | David Woo

Why US Fertilizer Supply Could Matter a Lot More Now | Pat Varas – Sage Potash

Roscan Gold: Mali Discount Hits Kandiole PEA

Recommended

First Phosphate Gains Danish State Support With LOI For EUR 170 Million Credit Guarantee

Denarius Metals Offers To Acquire Emerita At Just $0.30 A Share

Related News

Elon Musk Claps Back, Says It’s Time For Donald Trump To “Sail Into The Sunset”

Elon Musk on Monday evening tweeted a reply to a Breitbart news clip of former...

Tuesday, July 12, 2022, 03:10:00 PM

Elon Musk Vs. NPR, Explained

It wouldn’t be a normal day without Twitter CEO Elon Musk getting into an online...

Wednesday, May 3, 2023, 03:01:00 PM

Elon Musk vs. ElonJet, Explained

Apparently, ElonJet is where Elon Musk draws the line on “free speech” Twitter permanently suspended...

Thursday, December 15, 2022, 08:30:00 PM

Surprise, Surprise: Technical Glitches Mar Elon Musk’s Interview with Donald Trump on X

Elon Musk’s highly anticipated interview with Republican presidential nominee Donald Trump on X was plagued...

Tuesday, August 13, 2024, 08:04:11 AM

The Tesla Investor Day That Wasn’t For Investors

Tesla (Nasdaq: TSLA) shares fell more than 5% in after-hours trading on Wednesday following the...

Thursday, March 2, 2023, 09:27:12 AM