Biden Admin Reportedly Unaware Of "National Security Review" Of Musk Ventures• Zero Hedge
Twitter is paring some of its overnight declines on reports that the White House is not aware of national security review for Musk Ventures (including Starlink and his deal for Twitter).
Of course, The White House is not supposed to comment on (or in fact even know about) what The Committee on Foreign Investment in the United States (CFIUS) does, so this statement is not entirely surprising.
"It does seem fanciful that the U.S. Government would view Twitter as a national security asset," Canaccord Genuity's Quest analyst Graham Simpson said in an email.
* * *
As we detailed overnight, one month ago we joked that should the Delaware judge force Musk to buy Twitter, then none other than the US government would step in and prevent the South African from gaining control over the blue-checkmark echo chamber of record, the one social media network which congressional testimony after congressional testimony has argued it can manipulate the outcome of elections.
If Delaware orders Musk to buy TWTR how long until the Feds raid it and shut it down— zerohedge (@zerohedge) September 15, 2022
Well, that prediction is about to come true, because according to Bloomberg, the Biden administration is discussing whether the US should subject some of Elon Musk's ventures to national security reviews, including the deal for Twitter and SpaceX's Starlink satellite network, citing people familiar with the matter.