Elon Musk invited to discuss $44 billion Twitter deal in UK Parliament
The plan of Musk to acquire Twitter has alarmed policymakers across the globe.
Joe Skipper | Reuters
Julian Knight, the chair of the parliamentary commission on digital culture media and sport sent Musk a request to meet with lawmakers in order to “examine the matter more deeply.”
Knight explained that, “At a moment when social media firms face tighter regulations all over the world,” Knight added in a statement Wednesday.
CNBC reached Tesla’s representative but he was unavailable for comment immediately.
Musk’s plans for Twitter acquisition worried policymakers around the worldDue to fears that the richest man in the world will loosen restrictions on users’ ability to share and say on social media platforms.
The U.K. government wants to pass new laws to impose a duty to care on online platforms in order to combat illegal and harmful content.
This legislation, known as the Online Safety Bill (or the Online Safety Bill), would give Ofcom the power to fine companies up to 10% of their global annual revenues for violating the rules. Repeated failure to cooperate with regulators could result in tech executives facing possible imprisonment.
In the meantime, Big Tech platforms would be forced to quickly remove illegal products and content from their services by the European Union’s Digital Services Act. EU officials last week warned Musk he will have to play by the rulesIf he wants to take control of Twitter.
It’s not the first timeThe U.K. Parliament has asked a tech billionaire to make an appearance. In 2018, lawmakers summoned FacebookThe CEO Mark ZuckerbergTo attend the hearing about disinformation and Cambridge Analytica’s data privacy scandal. refused.