Twitter's Elon Musk Accuses FTC's Lina Khan of Bias and Overreach, Seeks to End Privacy Investigation
Portfolio Pulse from Anusuya Lahiri
Twitter Inc has filed a motion to terminate a settlement with the Federal Trade Commission (FTC) over alleged privacy violations. The company, owned by Elon Musk, accuses the FTC of a burdensome investigation. The move comes amid a clash between House Republicans and FTC Chair Lina Khan, with Republicans accusing the FTC of having an antibusiness agenda. Twitter also seeks to stay a deposition of Musk by the FTC. Republicans cite recent FTC losses in cases such as Microsoft Corp's proposed purchase of Activision Blizzard, Inc.
July 13, 2023 | 3:40 pm
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POSITIVE IMPACT
Twitter's move to terminate its settlement with the FTC could potentially reduce legal and regulatory pressures on the company.
If Twitter's motion to terminate the settlement is successful, it could potentially reduce the legal and regulatory pressures on the company, which could be positive for its stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
The mention of Activision Blizzard in the context of FTC's recent losses could potentially impact the perception of the company's acquisition by Microsoft.
The mention of Activision Blizzard in the context of FTC's recent losses could potentially impact the perception of the company's acquisition by Microsoft. However, the impact on the stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
The mention of Microsoft's proposed purchase of Activision Blizzard in the context of FTC's recent losses could potentially impact the perception of Microsoft's ability to close major deals.
The mention of Microsoft's proposed purchase of Activision Blizzard in the context of FTC's recent losses could potentially impact the perception of Microsoft's ability to close major deals. However, the impact on the stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50