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Following Elon Musk’s $44 billion buyout offer for Twitter being accepted on Monday, it has been revealed that the Open Markets Institute pushed for the federal government to block the sale.
In a press release issued by the institute the day after the sale was announced, the Open Markets Institute said the sale “poses a number of immediate and direct threats to American democracy and free speech.”
“Open Markets also believes the deal violates existing law, and that the Federal Communications Commission (FCC), the Department of Justice (DOJ), and the Federal Trade Commission (FTC) have ample authority to block it,” wrote OMI Director Barry Lynn.
“The most obvious problem is that the deal would give to a single man — one who already wields immense political and economic power — direct control over one of world’s most important platforms for public communications and debate,” the statement read.
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