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Elon Musk invited to debate $44 billion Twitter deal in UK Parliament

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Musk’s plan to purchase Twitter has nervous policymakers world wide.

Joe Skipper | Reuters

Tesla CEO Elon Musk has been invited to testify within the U.Okay. Parliament about his deal to purchase Twitter for $44 billion.

Julian Knight, who chairs the parliamentary committee on digital, tradition, media and sport, despatched Musk a letter requesting that he seem earlier than lawmakers to debate the proposal “in more depth.”

“At a time when social media companies face the prospect of tighter regulations around the world, we’re keen to learn more about how Mr Musk will balance his clear commitment to free speech with new obligations to protect Twitter’s users from online harms,” Knight stated in an announcement Wednesday.

A Tesla consultant was not instantly accessible for remark when contacted by CNBC.

Musk’s plan to purchase Twitter has nervous policymakers world wide because of issues that the world’s richest man will loosen up restrictions on what customers can say or share on the social media platform.

In the U.Okay., the federal government is eager to push via new legal guidelines that will impose an obligation of care on on-line platforms to sort out dangerous and unlawful content material.

Known because the Online Safety Bill, the laws would enable the media watchdog Ofcom to levy fines of as much as 10% of an organization’s world annual income for violations. Tech executives additionally face doable jail time for repeated failure to cooperate with regulators.

The European Union’s incoming Digital Services Act, in the meantime, would power Big Tech platforms to extra quickly pull unlawful content material and merchandise from their companies. Last week, EU officers warned Musk he must play by the principles if he’s to take over Twitter.

It’s not the primary time a billionaire tech boss has been requested to seem earlier than the U.Okay. Parliament. In 2018, lawmakers summoned Facebook CEO Mark Zuckerberg to attend a listening to on disinformation and the Cambridge Analytica knowledge privateness scandal, a request that he refused.

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