OMI Calls for FCC, FTC Action to Block Elon’s Twitter Takeover -Breaking
[ad_1]
OMI Calls for FCC, FTC Action to Block Elon’s Twitter Takeover- Open Markets Institute calls relevant entities to block Elon Musk’s Twitter (NYSE:) takeover.
- OMI says the deal is a threat to “American democracy and free speech.”
- FCC stated that they have no authority to prevent the purchase.
Elon Musk’s Twitter drama has been a hot topic leading to several discussions and speculations, inviting both supportive and opposing remarks. Open Markets Institute, (OMI) is also joining in the debate. The non-profit organization is calling on the Federal Communications Commission (FCC), Justice Department (DOJ), and Federal Trade Commission (FTC) to block Musk’s acquisition of Twitter.
JUST IN: The FCC, FTC and DOJ were asked to block Elon Musk’s deal to acquire Twitter after claiming the transaction poses a “direct threat to American democracy and free speech”.
Responding to the Commissioner, he said that they were not authorized to prevent the purchase. pic.twitter.com/vMSG8eAhKq
— Watcher.Guru (@WatcherGuru) April 28, 2022
In a statement released by the OMI, Director Barry Lynn explains how the US government can block Elon’s Twitter takeover. The statement reads that Elon’s deal poses a number of “immediate and direct threats to American democracy and free speech.” Also, the organization believes that the deal violates existing laws and that the Federal Communications Commission (FCC), the Department of Justice (DOJ), and the Federal Trade Commission (FTC) have the legal authority to block it.
However, in response to the statement, the FCC Commissioner said that “it has no authority to block Elon Musk’s purchase of Twitter,” suggesting the idea is absurd. He stated that he was open to the entire FCC and that they would not accept frivolous arguments.
Significantly, OMI points out that the deal would go to a single hand — Elon Musk, who has already gained huge political and economic power. Moreover, the move would be a direct control of the world’s important social media platform for public communication.
OMI claimed that Musk controls both the Starlink satellite communications system and the internet platform. He is technically violating the law by holding both of these giant platforms at once.
This statement also explains that many federal laws, such as the Telegraphs Act of 1861 and the Communications Act of 1934 allow citizens the absolute right of full transparency and neutrality of public infrastructure.
[ad_2]