Here’s a story that should shock absolutely no one.
After Thursday’s surprise announcement by Elon Musk that he was offering to buy Twitter lock, stock, and barrel for a cool $43 billion, now there’s news that the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) are opening an investigation into both Tesla and Elon Musk, including how he acquired his controlling stake in Twitter.
The news was first reported by Fox Business’s Charles Gasparino.
BREAKING: As @elonmusk offers to buy the rest of @Twitter a legal source tells @FoxBusiness @SECGov and @TheJusticeDept have launched what he described as a "joint investigation" into a myriad of Musk regulatory issues primarily involving @Tesla https://t.co/TDFLED1XuI
— Charles Gasparino (@CGasparino) April 14, 2022
Gasparino elaborated on the investigation on Neil Cavuto’s “Your World.”
“[Musk] is under investigation,” he explained. “A joint investigation, by the DOJ and the SEC over lots of stuff, including some of the stuff involving how he went about accumulating his shares on Twitter and how he disclosed that, whether he properly disclosed his intentions—which was obviously a full takeover—also some of this stuff with Tesla, you know, disclosures there…”
“It’s a joint investigation, it’s serious, I’m not saying a lot of these investigations turn up nothing. They’ve been looking at him for a long time, so you would think by now they’d have something, but they’re clearly—I spoke with a source, very close to it, who says it’s a serious investigation by the DOJ and the SEC into all those matters,” Gasparino added.
(Video: Fox News)
How convenient. And more than a few sarcastic wits on Twitter itself weren’t exactly amazed at the serendipitous timing.
Oh look, what an amazing coincidence.
— Brittany Hughes (@RealBrittHughes) April 14, 2022
— David Asman (@DavidAsmanfox) April 14, 2022
With the Left firmly entrenched in power, controlling both the “hard power” institutions in Washington and the “soft power” platforms like Twitter, it should come as no surprise that the instruments of that control, such as the SEC and DOJ, would quickly be deployed to help secure its grip on the mechanisms of free speech.
But Elon Musk is, presumably, not a stupid man, and was fully aware that he and his business dealings would come under ferocious “investigation” by the usual suspects.
After all, Musk has been under “investigation” by the SEC since at least 2018—something he likened to “having a gun to your child’s head” at a TED talk Thursday.
“So I was forced to concede to the SEC unlawfully,” he said. “Those bastards.”
Which means that, by now, Musk likely understands that even if the SEC and DOJ investigation is unlawful and launched under false pretenses, and comes to nothing, the process, as they say, is the punishment.
As Buck Sexton observed, “the entire Left will circle the wagons to stop [Musk’s Twitter takeover].”
The entire Left will circle the wagons to stop it. This is their digital Waterloo.
— Buck Sexton (@BuckSexton) April 14, 2022
They certainly will. As Charlie Gasparino observed, “Elon is everything that the progressive Left of Silicon Valley, you know, isn’t—he’s for free speech, he would reinstate Trump I think tomorrow if he were running it…he’s an absolutist on free speech, and it’s actually commendable…it’s the last thing Twitter, in its current management, wants.”
Meanwhile, it remains to be seen if Twitter accepts Musk’s offer, and what he’ll do if they refuse it. During Thursday’s TED talk, Musk teased that he had a “Plan B” waiting in the wings. Either way, his attempt at a Twitter takeover seems to be part of his broader strategy for the future of humanity, in which his Tesla and SpaceX companies already play an important role.
“Having a public platform that is maximally trusted and broadly inclusive is extremely important to the future of civilization,” Musk said.
Ain’t that the truth.
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